Sports Retailer in Milton Keynes For Sale

Business description

Bag a Business is delighted to offer to the market this quality independent sports retailer. Clyclo sports was founded by our client in 1979 and is now only being offered to market due to their strong desire to retire. Cyclo sports is one of the few independent retailers in the complex, and the business has been trading from this site for a number of years, thus building a strong reputation for a personal and quality based range and service. The shop retails a large range of well-known brands in sports equipment and clothing as well as a service to print sports shirts to the customer's individual needs. The success of the business has been built on traditional values and personal service. There is significant scope to increase trade by introducing a web site and actively seeking orders from local sports clubs and schools. The business would ideally suit an individual who has a keen interest in sport and the energy to take it to the next level via web site and structured advertising campaigns. The current turnover of the business is £200,000 per annum with a gross profit margin of 40%. Bag a Business urges early viewing to appreciate the quality and scope for growth of this independent sports retailer.

Property information

Property:

Leasehold

Lease terms:

Original lease length: 25 years
Remaining lease length: 8 years
Review every 5 years
Rent: £27,500 per annum

Living accommodation:

Ground floor retail unit in shopping complex GROUND FLOOR Front Entrance Leading to: Open plan trading area Hanging rails and shelving Centre gondola with hanging rails and shelving Suspended ceiling and halogen lighting Carpeted floors Window graphics to two full sides of the unit Separate store room Workbench and machinery to print sports shirts Sales desk with cash register. EXTERNAL Pay and Display car parking in the vicinity

Location:

Cyclo Sports Ltd is located in the main shopping complex in central Milton Keynes. Due to the business's close proximity to stores such as John Lewis and Waitrose, to name a few, a high level of footfall is achieved all year round. The complex is currently enjoying a large investment programme to refurbish and update the whole of the shopping mall. The management of the centre is very active in promoting the complex to the widest possible audience, as well as offering support to the retailers. Milton Keynes is renowned for its amenities, with a very significant investment in the social and economic infrastructure seen within recent years.

Other information

Trading hours:

Mon - Fri: 9.30am - 5.30pm Sat: 9.00am - 6.00pm Sun: 11.00am - 2.00pm