Advert Ref: 1217BW
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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