Asking price: £55,000

Sales revenue: £135,000

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Preferred Commercial is pleased to offer to the market this well-established business that has been in operation since 1905 and in the same family ever since. The business is only now being offered for sale due to our client's wish to retire. Threadgold's of Wythenshawe generates an annual turnover in the region of £134,000 with a gross profit of 43% derived from sales, parts, accessories and repairs of bicycles. There is huge scope to increase turnover further as the business is licensed to also sell motorcycles. The business has developed an excellent reputation over the years with much repeat custom and clients travelling from miles around. The shop further benefits from plans to extend the Metrolink tram network to the area. We feel this is an excellent opportunity to purchase a well-established and profitable business with huge scope for the future. Viewing comes highly recommended.

Trading hours: Mon - Fri: 9.00am - 5.30pm half day Wednesday Sat: 9.00am - 5.00pm Sun: Closed

Property: Leasehold

Lease terms
Leasehold New lease to be negotiated Rent: £7,500 per annum

Location
Threadgold's of Wythenshawe is located in a parade of complementary shops and businesses on a main road in the densely populated area of Wythenshawe. The shop benefits from free parking directly outside and is situated within a large residential estate. There is easy access to the M56 and M60 orbital motorway as well as Manchester city centre, just 7 miles away. Wythenshawe is to the south of Manchester and boasts many amenities, including 7 schools, hospital and shopping area, and is just 3 miles from Manchester Airport.