This well-established cycle sales and repair shop has been serving the local Rugby community for over 30 years, with a large catchment area and little local competition.
Run single-handedly by the vendor who works full-time in the business, it typically generates annual sales of £120k to £130k comprising:
• Servicing including required parts 60%
• New and 2nd hand bike sales 30%
• Accessories 10%
The business operates from a 1,000 sq ft leased premises, with 12 years remaining on the lease, and break clauses every 3 years. It is equipped with all the tools required to carry out servicing and bike repairs.
The business is run very much on a lifestyle basis, with little focus on business development. This provides a significant growth opportunity for the purchaser including:
• Marketing via social media platforms
• Developing an online retail operation
• Recruiting additional servicing / repair resource
• Extending new bike range including electric bikes
The vendor is looking to retire from the business but is flexible over handover requirements.
Although higher through the Covid period, typically owner earnings are in the region of £30k to £40k. The guide price for assets and goodwill is £35,000 plus stock at value (estimated at c £15,000).
The business is being marketed by www.sellmysmallbusiness.co.uk and initial enquiries should be directed to them. Please do not attempt to contact the vendor direct.