High Turnover Bicycle Shop In Inverurie Aberdeenshire For Sale

Business description

Preferred Commercial is delighted to offer for sale this busy bicycle shop, which was established in 2004 and which has been in our clients' careful hands since 2007. The shop is only now offered to the market due to our clients' family commitments. The business trades 6 days a week and generates a turnover in the region of £225,000 per annum with a gross profit of 39.11%, derived from the sale of bicycles, accessories, clothing and sunglasses. The shop also offers a bespoke fitting and advice service, bicycle repairs and servicing. The business has recently introduced a website with online ordering facilities. The shop stocks a wide range of well-known brands including Trek, Giant, Kuota, Haro, Madison, Bontrager, Pagganini and Oakley. We feel the turnover could be further increased by embarking on a modest marketing campaign and expanding on the E-commerce side of the business. There is also the opportunity to run a 'rent a bike' service, for tourists wishing to explore the surrounding countryside. The store benefits from a wide catchment area with little competition in bicycle repairs and servicing. The business has an enviable reputation, enjoying much repeat trade and word of mouth recommendations. The premises are well-equipped to suit the trade and boast a spacious retail area and workshop equipped with a range of specialist tools and equipment. Early viewing through Preferred Commercial is highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 10 years
Remaining: 6 years
Review: every 3 years
Rent: £23,000 per annum

Leasehold rent:

£23,000 per annum

Location:

Bike Station occupies substantial ground floor lock-up corner premises, ideally located in a sought-after area in the heart of Inverurie, Aberdeenshire. The premises are surrounded by a wealth of complementary shops and businesses and the town's amenities and attractions are in the vicinity. The business benefits from an ideal trading position next to the railway station and enjoys a high footfall with much passing trade. The premises boast easy access to the A-road network including the A96 trunk road, connecting Inverness to Aberdeen. The town is popular with commuters due to excellent road and rail links to Aberdeen, which lies 15 miles away.

Premises details:

Substantial corner lock-up retail premises in town centre location. Briefly comprising:

Ground Floor
• Retail area with shelving and racking, central display aisle, static bike testing ramp, counter, electronic cash register and card machine
• Office with desk, filing cabinet and shelving
• Workshop with shelving, racking and tool wall
• WC with wash hand basin
• Shower room

External
• Loading area
• Service lane to rear

Other information

Trading hours:

Mon - Sat: 9:00am to 5:00pm
Sun: Closed