For sale £249,000 - General Retail
City Business Brokers is pleased to bring to market an exceptional opportunity to acquire a very well established and popular cycle sales and repair business with six figure net profits.
The business was started by its current owner in 1996 and it has transformed and expanded several times to become a destination cycle shop with 1100 sq feet of showroom showcasing in excess of 150 bikes.
The shop caters for all types of customers, including children’s bikes, commuting and hybrid bikes, ladies bikes, mountain bikes, BMX and road bikes for not only for the hobby cyclist but also semi-professional and professional cyclists.
The current range encompasses Giant, Cannondade, GT, Mongoose, Wethepeople and Claud Butler. The business also carries a highly profitable large supply of spares and accessories from Look, Shimano, Schwalbe, Muc Off, as well as carrying large Altura clothing range with the added advantage of offering clients changing facilities.
The shop has enviable repeat business due to its excellent reputation and word of mouth recommendations for bike sales, which has resulted in a loyal client base with lots of repeat trade. It also caters for a significant amount of repairs offering a full range, from a simple puncture repair to a full Shimano D12 rebuild.
Since inception the shop has seen significant year on year growth, and with the current popularity of cycling in the UK, as well as government incentives, this is set to continue. Whilst the business is hugely successful and profitable, there is real potential to further grow and expand by increasing the range of retail stock, conducting proactive marketing campaigns as well as introducing a web site and social selling, an area that has not been exploited by the current owner.
This is an excellent opportunity for an enthusiastic individual wishing to acquire a well established business and build upon the current success. This would be an ideal lifestyle business with full transition and handover support being offered by the current owner.
The Business enjoys a current turnover of circa £420,000 with exceptional profits.
The business also has the benefit of a one bedroom apartment above the premises which has recently been refurbished and is currently let on a roll over tenancy at £5,400 per annum
A full profile is available once a non disclosure agreement has been signed.
All enquiries to Kevin Stokes at firstname.lastname@example.org City Business Brokers,111 Hagley Road, Edgbaston, Birmingham,B16 8LB Telephone-0121 452 51330121 452 5133 07775903332
All above information is provided by the seller. City Business Brokers makes no representation or warranty as to the accuracy of this information.
All arrangements to view are strictly by an appointment through the offices of City Business Brokers and no approaches whatsoever should be made to the owner or the business. For an appointment to view, please ring Kevin Stokes