Asking price: £395,000

Sales revenue: £150,000

Net profit: < £100k

Fixtures value: Undisclosed

Stock value: £45,000

Business description
SALE or LEASE. An established & successful cycle & radio controlled model centre. Set in c.3 acres incorporating a purpose-built R/C racetrack. The accommodation comprises a tastefully modernised 300yr old character cottage with pretty garden & fantastic views over the Cardigan Bay. Owners retiring – no forward chain

Years established: 19

Employees: Currently husband and wife partnership

Trading hours: Tues. to Sat. 10 - 6

Property: Freehold

Living accomodation
‘Soar’ is a 300year old period Welsh cottage with immense charm. Tastefully modernised & with a delightful secluded garden. There is full oil fired central heating & double glazing throughout. There are 2 fully plumbed static caravans on the site.

Location
Situated near the pictureque sea-side town of Aberaeron, it is also conveniently centred between the two main university towns of Aberystwyth and Lampeter and Tregaron. It combines the delights of rural living in the beautiful surroundings of the Cardigan Bay coastal belt whilst commanding a substantial and largely unopposed customer catchment.

Expansion potential
Huge potential exists to expand all areas of the business by the addition of staff.

Competition / Market
With the prestigious status of Shimano Service Centre & quality dealerships such as Marin & Giant it enjoys the reputation of being the No.1 quality cycle shop in Mid-Wales. There is also a cycle hire fleet. The main workshop & showroom is a purpose built 1800sq.ft. insulated steel framed building surrounded by ample parking. There are more store buildings of 600sq.ft. a & 200sq.ft. In recent years the shop has expanded into the fast growing field of radio controlled models. Combined with a ‘full blown’ of road race track, this section of the business is attracting customers from all over Wales.

Support & training
The business runs smoothly and is easy to administrate. Once the sale has been completed, the owners will be happy to help with a smooth transfer and handover.

Reasons for selling
Owners retiring - no forward chain.

Related website: www.cyclemart.co.uk