High Street Cycle Shop In North Kent For Sale

Business description

Description:
The Business Partnership is delighted to offer for sale this high street cycle shop in north Kent.

Prominently situated on a busy through route in this market town, the shop is the only cycle outlet in the town centre. It attracts not only passing trade, but also locals who have experienced the superior service received from the knowledgeable staff in store.

A wide range of cycles and cycle accessories is on display to suit every type of cyclist, backed up with expert advice on choosing the right bike, setting it up correctly and how to use it safely. Regular maintenance and repairs by qualified cycle mechanics, trained to the highest industry standard (Cytech NVQ) are offered as well, activities which generate very good margins.

Premises Details:
The large glass shopfront is raised from the pavement outside. Total internal area is 2,100 square foot, most of it given over to retail space with a small staff kitchen and WC, and storage area. The service area is off to one side, where customers can view work being done to their cycle.

Property information

Property:

Leasehold

Lease terms:

The lease is due for renewal and either a 5 or 10 year lease will be offered to the incoming tenant. Current rent payable is £17.5k, which will likely come down on renewal.

Location:

The shop is centrally located in prominent corner position in this north Kent market town, on a busy A road. Parking is available on the surrounding roads and in the nearby car parks.

Other information

Reasons for selling:

The vendor has other stores which require his attention and he feels this store could do much better with an energetic new owner.