Asking price: £19,995

Sales revenue: £30,000

Net profit: £10,000

Fixtures value: £5,000

Stock value: Undisclosed

Business description
The particular highlights of the business are:
• The owner may be prepared to accept staggered payments for the business, enabling the buyer to pay from profits although a lump sum sale would be more favorably considered.
• Ideally located concern offering excellent lifestyle.
• A well established business.
• Good loyal clientele.
• Fully equipped business with favorable lease terms (see below).
• Turnover in excess of £30,000 with a net profit of £10,000. (See financial summary below). The owner has deliberately operated the business to suit his lifestyle.
• A business with genuine and great potential which has not been exploited because the owner wishes to retire.
• An easily run operation.
• A good first time buyers business.
• The business has a virtual monopoly in the area and has an excellent reputation.

Phoenix Business Transfer Agents are delighted to place onto the market this cycle retail and repair shop which has been established since 1995 by the owner. He now wishes to sell due to retirement.

This very good business opportunity provides cycles and accessories and repairs. The stock is limited to an average price range of £170 for adults and £90 for children.

The concern employs no staff and is owner run.

The owner works full time in the business.

The owner has no website and does no marketing.
As far as competition is concerned the nearest cycle shop is in Ely but there is no other shop in the area.

The client base consists of local residents.

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include Wednesdays and Sundays.
• Increasing the product line to include racing and mountain bikes and other accessories.
• With the introduction of a website and e-commerce.

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Financial Details
The present turnover is £30,000 with a gross profit of 40% and a net profit of £10,000. The present value of the stock is £9,000 and the fixtures fittings and equipment are worth £5,000. In the past the business has yielded a turnover of over £80,000. The potential turnover of the business within the next 2 years is forecast to reach £80,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Years established: Over 14 years.

Employees: The concern employs no staff and is owner run.

Trading hours: The business operates from Monday to Friday (except Wednesday when closed) between 9am and 5pm. On Saturdays the hours are 9am to 3pm.

Property: Leasehold

Lease terms
The original length of the lease was 3 years and it expires December 2010. The rent is £3,000 and the rates are £350 pa.

Location
This superb business opportunity is situated in the village of Littleport in the County of Cambridgeshire. .It is just off a main arterial road and enjoys much traffic flow. . There is a residential area surrounding the property and it is near to the commercial part of the area. There is ample free parking nearby.
The village has a population of 9,000 and is reputed to be one of the largest villages in Europe. The area offers an excellent lifestyle and is still growing.
The location is well linked with Ely the nearest Town which is 3 miles away. The business has clientele from a 40 to 50 mile radius. The locale offers a good lifestyle opportunity.

Expansion potential
The concern has huge potential. In particular the turnover and profits can be increased by: • Increasing the marketing activity with direct mailings and local and internet advertising. • Increasing the opening hours to include Wednesdays and Sundays. • Increasing the product line to include racing and mountain bikes and other accessories. • With the introduction of a website and e-commerce.

Competition / Market
As far as competition is concerned the nearest cycle shop is in Ely but there is no other shop in the area.

Support & training
The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.

Reasons for selling
Owner wishes to sell due to retirement.