Asking price: £70,000

Sales revenue: £198,400

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
The business retails a wide range of bicycles of various types for all age groups together with a range of Sym scooters and cycle and motor cycle accessories. Repairs, servicing and MOT’s are also carried out. The property is a terraced unit of brick and block construction. Internally the unit provides two floors of sales space and storage as well as a work shop on the ground floor. Externally, to one side of the premises there is further space providing an external display area. Customer parking is opposite the unit.

Years established: This profitable business has been in the same hands for over twenty years

Employees: The business is run by the working owner with one full time member of staff.

Trading hours: Monday to Friday 8.30am to 5.00pm. Saturday 8.30am to 4.00pm.

Property: Leasehold

Lease terms
The vendor owns the freehold and is prepared to grant a new lease to a suitable purchaser on terms to be agreed at an initial rent of £15,000 pa exclusive.

Location
The business is located facing onto a busy main road within a mixed residential and commercial area close to the town centre.

Expansion potential
Plenty of potential that could be realised by new owners. This could include extending the range of clothing and accessories and by the addition of a website.

Reasons for selling
The present owner wishes to retire.