Cycle Shop With Accommodation In Peterborough For Sale - Peterborough, Cambridgeshire, United Kingdom

Asking price: £49,995

Sales revenue: £124,948

Net profit: £28,165

Business description: Forthcoming retirement prompts the sale of this highly reputable concern with little direct competition in the locality. Enviable reputation. Offering brand names such as Giant, Probike, Land Rover, Mongoose, Raleigh along with electric cycles with known makes Giant, Europed, Sakura and Powabyke together with the full range of accessories. Having sole rights to certain well known brand. With the current focus on the environment the potential to grow this business is ripe and the simple addition of a web site would extend the market place beyond its current range. Recent Refurbishment Now benefiting from "cycle to work" scheme Gross Profit 42% Business benefits from 2 bed accomodation available, recent shop refit and suitable for a lifestyle change.

Employees: Owners

Property : Leasehold

Lease terms: Leasehold Rent and Term Negotiable

Living accomodation: Large 2 bed accomodation above premises with garage rent £500 per month.

Location: Fronting main High Street

Expansion potential: Sales via Website

Competition / Market: Little direct competition locally

Reasons for selling: Retirement