Asking price: £260,000

Sales revenue: £350,760

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
Advent Business Sales are delighted to offer to the market this extremely well established and popular bicycle shop, which has been trading profitably for the last 27 years.

Our client has a superb local reputation and has the added benefit of being the sole distributor in the region for ‘Giant’, ‘GT’ Mongoose and ‘Saracen’ bikes.

The shop was founded by our client and is only now being reluctantly offered for sale as he wishes to retire.

The business has an extensive stock of adult bikes for sale, will repair any type and also offers a range of accessories and even has cycle hire.

The shop has an excellent web site with high visitor numbers, with the business being the only one in the area to offer cycle hire, which has proven to be very popular and lucrative. The business also has an ongoing contract for the supply and repair of cycles to Thames Valley Police.

We are advised that stock at cost is approximately £50,000.

The premises have the added security of being alarmed and having CCTV with 4 cameras and 24 hour recording.

Employees: The business employs three full time employees and two part timers, each working approximately 25 hours per week and the vendor for 2 days per week. They achieved an excellent turnover of approximately £351,000 in the year to May 2008 with a gross profit of circa £164,000.

Trading hours: Mon-Sat: 9.00am – 6.00pm, Sun: & Bank Holidays 10.00am – 4.00pm

Property: Leasehold

Lease terms
TENURE: Leasehold Original lease: 15 years Remaining lease: 15 years Review every: 3 years Rent: £30,000 P.A. We are advised that the annual business rates are currently: £7,392

Living accomodation
BUSINESS PREMISES Ground Floor • Gross frontage: 15ft. • Net internal width: 14ft. widening to 20ft. • Shop depth: 76 ft. • Total retail area: 1338sq ft. / 124 sq m. • To the rear there is a 200 sq ft. workshop • Within the retail area there is a small office extending to approx. 45 sq ft, kitchen and WC facilities

Location
The business has an ideal location within the city of Oxford, which is well known for its huge cycle population. The city has very little car parking available, which therefore encourages the use of cycles, most especially by the large number of students.

The city is world famous for its university and for its mix on ancient and modern and for its bustling cosmopolitan community.

The area of the shop is known as the cycle centre of Oxford with a very vibrant and busy area. Parking time is limited on nearby streets and the M40 is the predominant motorway.

Expansion potential
Whilst the business is very successful and earns excellent profits, there is still good potential to increase sales and profits by: 1. Having finance available for the purchase of cycles 2. Advising and advertising the cycle registration scheme, which is a tax efficient way of buying a cycle 3. Pushing the point that they are the only registered retailer for Giant, GT, Mongoose and Saracen cycles

Financing available
Please let us know if you require finance for the purchase of a business.

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