Bike Shop Profitable And Long Trading History For Sale

Business description

This is an ideal opportunity to purchase a very unique family run business with a long and profitable trading history providing all the equipment, accessories, spares and clothing, to anyone with an interest in cycling. There is also a busy workshop which carries out repairs and upgrades to all makes of bike.
By carefully selecting the brands of bike this shop provides it has established a great name for only selling quality bikes and equipment which is backed by many years of experience. Customers travel great distance to use the shop for all their cycling needs.

The business was established in 1991 by the current owners you work as a husband and wife team to run this profitable business. Over the years they have built up a substantial trade with many customers having been with them from the start.
Because of the unique items the shop provides it has a regular customer base who returns regularly to obtain all the equipment they need to maintain their interest in cycling.

The business has its own website which creates extra interest from customers looking for the quality products related to their specialist interest.
The website offers a big opportunity for expansion of the business providing more of the specialist lines stocked to be purchased online.

Many styles of clothes, headwear and ancillary items are stocked making a visit to the shop a one stop shop for anyone looking for specialist goods to get fully kitted out and ready for the road.

The business holds a large stock of new bikes on display giving prospective purchasers no need to search elsewhere for the bike to suit them. With expert advice they can be fitted to the correct bike and by holding a large stock of new bikes can quite quickly take away their new purchase with minimum delay.

Property information

Property:

Leasehold

Lease terms:

The lease expires July 2011 but the owners have stated the owner has indicated no issues in granting a new lease to new owners.

Leasehold rent:

£8,500 per annum

Location:

This well run and profitable shop is located on the main road through the town on a busy junction in the centre of Radstock.
Within less than 100 metres of the shop there is ample free parking in a main car park.

Premises details:

The property was two large shops with fully glazed windows either side of the main shop doors which has now become all one shop. Only one entrance door is currently being used. The windows provide plenty of natural light into the display area as well as showing of the numerous bikes on sale.
Ref: BS617A

Both of the main windows have heavy metal shutters which are used at night to provide extra security to the premises. The property is also alarmed. The shop is heated by electric Thermo heaters on the walls and a gas wall heater in the workshop.

Other information

Expansion potential:

The sale of this business not only offers the chance to acquire an existing profitable business within a unique market but also offers massive potential for expansion into the online sales market in these specialist items which the present owners have not had time to fully develop.
There is also scope to open the shop for longer hours as well as the potential to cycle hire from the rear buildings separate from the main business.

Competition / Market:

The business was established in 1991 by the current owners you work as a husband and wife team to run this profitable business. Over the years they have built up a substantial trade with many customers having been with them from the start. Because of the unique items the shop provides it has a regular customer base who returns regularly to obtain all the equipment they need to maintain their interest in cycling.

Support & training:

The owners will give full support to achieve a seamless handover.

Reasons for selling:

The reason for selling is that the owners wish to retire for a well earned rest.

Trading hours:

Mon-Tue-Thurs-Fri 09:00am – 5:30pm
Wed- 09:00am – 13:00pm
Sat - 09:00am – 05:00pm

Financing available:

This business should be able to support loan finance, subject to status. For further information, please contact Lakey & Co West.

Furniture / Fixtures value:

£6,000 (included in the asking price)

Inventory / Stock value:

£45,000