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Specialist Cycle Retailer West Sussex Town

(Ref: SE001108)

West Sussex, United Kingdom

Financials

Asking price: £39,950

Sales revenue: £200,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Photograph of this business for sale
 

Business description
A very well established business in modern purpose built lock-up shop in a pedestrian street opposite main shopping precinct. T/O £200,000pa with GPM of approximately 47%. Open M-Sat 9-5.30pm; Sun 11-4pm. Was part of nationwide franchise, independent since 2004 with family, commuter and specialist sale & hire. Fully equipped workshop, service contracts with police & council. Website included in sale.

Years established: 8

Trading hours: M-S 9am to 5.30pm, Sun 11am to 4pm

Property: Leasehold


Lease terms
Renewable lease due to expire Sept 2011, rent £31,000pa, escalation clause of £1,000pa for remainder of period, with £34,000 payable in final year.

Location
Superbly located in centre of prosperous town in pedestrianised street with entrance of main shopping precinct opposite leading to town's indoor mall. Bus stops in front and few minutes from railway station. Super trading position.

Expansion potential
Could develop website to a full e-commerce facility.


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