Cycle And Scooter Retailer For Sale - Fakenham, Norfolk, United Kingdom

Asking price: £70,000

Sales revenue: £198,400

Business description: The business retails a wide range of bicycles of various types for all age groups together with a range of Sym scooters and cycle and motor cycle accessories. Repairs, servicing and MOT’s are also carried out. The property is a terraced unit of brick and block construction. Internally the unit provides two floors of sales space and storage as well as a work shop on the ground floor. Externally, to one side of the premises there is further space providing an external display area. Customer parking is opposite the unit.

Years established: This profitable business has been in the same hands for over twenty years

Employees: The business is run by the working owner with one full time member of staff.

Trading hours: Monday to Friday 8.30am to 5.00pm. Saturday 8.30am to 4.00pm.

Property : Leasehold

Lease terms: The vendor owns the freehold and is prepared to grant a new lease to a suitable purchaser on terms to be agreed at an initial rent of £15,000 pa exclusive.

Location: The business is located facing onto a busy main road within a mixed residential and commercial area close to the town centre.

Expansion potential: Plenty of potential that could be realised by new owners. This could include extending the range of clothing and accessories and by the addition of a website.

Reasons for selling: The present owner wishes to retire.