Advert Ref: 1025445
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Asking price: £100,000
Business description: MerseysideEstablished Over 10 YearsExcellent WebsiteQuality Brand Names SuppliedAccessories And SparesWorkshop And RepairsLeaseholdBusiness History:Specialist bike retail business which has been established for over 10 years.Business Profile:The business offers a selection of niche, specialist and childrens bicycles together with clothing, spare parts, frames and all other types of accessories associated with a specialist bicycle retailer. Brand names include Kona, Marin, Mezzo, Raleigh, Orange and Fox Clothing. The business is also part of the government backed 'Cyclescheme' network. This specialises in supplying quality, tax free bikes and equipment for travel to and from work. This is a partnering of independant bike shops which gives employers and their employees expert advice, inspection service, warranty and insurance replacements for their bicycle needs. The business benefits from it's location and extensive potential market within the Liverpool area.Retail Unit:Carpet and laminate flooring.Workshop Area:Fluorescent lightingOutside:There is a rear yard leading to a storeroom and office .Storeroom:Concrete floor and fluorescent lighting.Staffing:Three full time including two owners plus one part time Saturday worker.Fixtures And Fittings:A full schedule of fixtures and fittings will be made available for prospective buyers.
Property : Leasehold
Lease terms: Financial Profile: The vendors will be pleased to discuss all the financial aspects of the business with prospective buyers. Tenure: Leasehold. 15 year lease from 2005. Rent £9,000pa. Jolley & Co have not examined any lease documentation and a purchaser must arrange for their solicitor to verfy that this information is correct. Uniform Business Rates 2008/09: Jolley & Co. have obtained the following information from the Valuation Office Agency web site:- Rateable Value £4,650 Rates Payable 2008/9£2,000.00. Small Business Rate Relief may be claimable upon application. Price: £100,000 for the goodwill, fixtures and fittings plus SAV.
Location: Location:The business is located in a parade of several shops and in a good residential suburb of Liverpool. Nearby shops include a dry cleaners, hair salons, a takeaway, off licence and others.