Asking price: £44,950

Sales revenue: £136,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Superb Cycle & Accessories Business In Staffordshire For Sale
Quality store with warehousing and expansion option
Well known and respected business within the area
Turnover £136,000 pa with year on year growth
Corner plot on main through route to city
Scope for further development
Early viewing essential
Lock-up unit
LEASEHOLD


Business History

Meridian Business Sales are delighted to offer to the market this unique and profitable cycle and related sports retailer which has been in the careful hands of our client since 2004 and is only now being put onto the market due to our clients desire to pursue other interests. Since our clients took over the business they have completely refurbished the sales area plus the back room and warehouse culminating in a true walk in and trade business. Our clients inform us that the current turnover is £136,000 pa at a gross margin of 35% and these figures have grown on a year on year basis. Income is derived from the sale of well known budget cycles plus high performance mountain and road bikes in addition to a large selection of spares and associated clothing. The business enjoys a strong reputation within the local community and as such has a high level of repeat business and our clients inform us that internet sales via a website would be a popular and profitable addition they have not yet explored. The business ideally suits a husband and wife or partnership team and could afford a good standard of living therefore early viewing is recommended.

Property: Leasehold

Lease terms
Leasehold - Original length: 21 years Remaining: 20 years, Review: 5 years Rent: £10,000pa

Living accomodation
Ground floor lockup retail unit with warehouse and dry cellar storage, briefly comprising: GROUND FLOOR Main entrance leads to main open plan sales area with: Carpet tiled flooring Floor & hanging racking to display cycles Full width and height windows with graphics Slat wall panelling for the display of spares Display units for clothing and other accessory items Main counter, glass fronted with display options & cash register Large centre displays for mountain and road bikes Access to back room used for repair and preparation with: Work benches & tool racking to the walls Solid wood flooring Kitchenette area with sink Office area with desk & chair Door to the large dry cellar used for extra storage Rear door that leads to the warehouse and changing room with toilet Warehouse is equal in size to the main store with possible option to knock through and double the floor selling space (STPP). EXTERNAL Rear access and courtyard for deliveries

Location
This superb cycle and related sports retailer is located on a highly visible corner position on a main through road in the thriving and popular town of Burton-upon-Trent, Staffordshire. Burton-upon-Trent, also known as Burton-on-Trent or simply Burton, is a large town straddling the River Trent. It is a very popular business and residential area due to its strong road links and accessibility. The business benefits hugely from it's location having amassed a stong and reliable customer base as well as regular new and passing trade. Burton is crossed by the A38 and the A511 providing easy access to Birmingham, Derby, Nottingham, Stoke-on-Trent and Leicester all within relatively easy distance. Although Burton-upon-Trent is a bustling and thriving town, it also enjoys some superb surrounding countryside.