Gator Business Sales is delighted to be able to offer for sale this exceptional business that was originally established in 1981, and has been successfully trading from its present location for the past 15 years.
The business and premises are a one-stop shop for everything cycle-related, with 2 floors of retail space, a comprehensively equipped bicycle workshop, online sales, and a recently opened cycle themed café.
Brands sold include Brompton, Whyte and Scott, both traditional and electric.
Significant recent investment in marketing, processes, procedures and technology has seen turnover double in the last 5 years to circa £800K per annum.
The cycle themed café was opened in August 2021. Popular with both locals and bike enthusiasts, it provides approx. 50 covers and has direct access from the cycle shop.
Currently operated predominantly under management due to the owner’s other non-competing business interests.
This is a fantastic opportunity to acquire an established and profitable business with a stellar reputation and multiple income streams.
Property Details: Leasehold
Asking Price: £125,000 + SAV
Annual Turnover: £800,000
Trading Hours: The cycle shop is open Monday-Saturday: 9.00am-5.30pm. The café opens on 5 days a week Monday, Wednesday-Saturday: 8.00am-4.00pm.
Employees: The cycle shop and workshop has 4 long-serving employees. The café has a manager who is assisted by 2 part-time staff.
Location: Ideal main road location with limited-time free parking directly in front of the business. There is additional plentiful free parking a couple of minutes walk away from the premises.
Premises Details: The cycle shop and workshop premises are two-storey and total approx. 253.71 sq m/2,730 sq ft. The café premises are on one level and total 84 sq m/904 sq ft. The café also has an external decked area for al fresco dining. To the rear of the premises is a private car park which can accommodate approx. 12 vehicles.
Lease Terms: The cycle shop and café have separate leases, but these run concurrently and are with the same landlord. Both have a term of 6 years, are paid monthly in advance, and a tenant-only break clause in August 2024. Passing rent for the cycle shop is £25,000 per annum, and £17,000 per annum for the café. The café lease also includes a first floor office which has a separate entrance. This office is currently sub-let at a rent of £950 per month/£11,400 per annum.
Reason for Sale: The current owner has other non-competing business interests and wants to concentrate on these.
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