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, along with online sales.
Brands sold include Brompton, Whyte and Scott, both traditional and electric.
Significant recent investment in marketing, processes, procedures and technology has seen turnover nearly double in the last 5 years to £750K per annum.
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: £749,809
Trading Hours: Monday-Saturday: 9.00am-5.30pm.
Employees: The business has 4 long-serving employees in addition to the current owner.
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. To the rear of the premises is a private car park which can accommodate approx. 6 vehicles.
Lease Terms: The current 6 year lease runs through until August 2027. Passing rent is £25,000 per annum, payable monthly in advance, and there is a tenant-only break clause in August 2024.
Reason for Sale: The current owner has other non-competing business interests and wants to concentrate on these.
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