Leasehold Cycle Shop For Sale

Business description

Bag a Business is pleased to offer for sale this thriving cycle shop, which was established by our client in 1989 and has been trading from its present site since 1996. The business is run over a five day week, without staff, and achieves a turnover of around £88,000 per year, whilst enjoying a gross profit of over £43,000. City Cycles stocks a wide range of cycles including Claude Butler, Falcon and Isaac Electric Bikes. It has built up an excellent local reputation for its friendly, knowledgeable, personal service as well as for competitively priced repairs. Our client is more than happy to stay on for a handover period to train a new owner as well as to introduce them to customers. We see this opportunity as an excellent base for a new owner to build upon, perhaps by extending the opening hours to include Wednesdays and Sundays. Early viewing is strongly recommended.

Property information

Property:

Leasehold

Lease terms:

Original lease length: 8 years
Remaining lease length: 5 years
Review every 2 years
Rent: £8,100 per annum

Living accommodation:

Well presented ground floor premises. Briefly comprising: GOUNND FLOOR Main sales area Workshop area Workshop EXTERNAL Store Toilet

Location:

City Cycles is situated on a busy shopping street, that contains a good mix of complementary shops and businesses, in the sought after town of Chippenham in Wiltshire. There are excellent parking facilities close by, including free on street parking outside the shop. The business draws its trade from people who live and work in the town as well as from those who come from the surrounding villages. Chippenham is situated on the southern most edge of the Cotswolds, just to the north west of Salisbury Plain and the Marlborough Downs, 13 miles east of Bath and 96 miles west of London. It has a population or 285,000 and enjoys excellent transport links, being on the main railway line from Paddington to the West Country, as well as being just four miles from Junction 17 of the M4 motorway, which runs from London to South Wales.

Other information

Trading hours:

5 days: 9.00am - 5.30pm