Advert Details

Northerly Highland Cycle Shop For Sale

Details: Asking price:£57,500; Sales revenue:£90,000; Net profit:£32,500; Fixtures value:£7,500; Inventory value:£50,000

Business description: This is a unique opportunity for a lifestyle change.
The shop is as vital to the Landsend /John O'Groats cyclists (we are the most northerly cycle shop on the Sustrans route) as it is to the vibrant local community and will only be sold to someone who has the vision to develop the business further!

General information: Years established:24+years; Trading hours: 9am-5pm six days a week; Property:Leasehold; Lease terms:The lease can be for a period of 10,15 or 20+ years and presently is fixed at £12,500 per annum and includes an additional store/garage.; Location:The shop is situated in the middle of a retail arcade, in the town centre (next to the Exhibition Centre and Museum) with public car parking to the front and rear of the shop.; Expansion potential:The business could be developed in a number of ways, either by offering cycle hire, for which there is a great demand, and no competition. Linking in with B&B accomodation it would be easy to offer cycle tours.; Competition / Market:We are the only cycle shop in the town.; Support & training:The shop is presently a member of ACT which offer training courses, and the present owner is happy to help with advice and training if required, to assist in a smooth handover.; Reasons for selling:Retirement. We are now too old to develop the business in the way it is capable of developing.