Bike Retailer & Servicing In Sunderland For Sale

Property Information

Property:

Leasehold

Lease Terms:

A new lease is available at a commencing rental of £16,800 per annum (£1,400 per calendar month). Full details on application.

Leasehold Rent:

£16,800 per annum

Location:

The premises are located at the junction of High Street West with John Street and Bedford Street, in the heart of the City centre. Sunderland has enjoyed high levels of investment over the last 5 years with improvements to infrastructure and the creation of Keel Square and the cultural quarter.

Premises Details:

This business was established in 1982 and has now been placed on the market as the owner is planning for retirement. This is a highly reputable business that offers a broad range of cycles, electric bikes and scooters with a customer base that includes both adults and children.

In addition to traditional brands and manufacturers, the shop has exclusive agencies for the sale of Raleigh, Ghost, Apiere, Hai Bike, Kona and Merida plus Revvi electric bikes for children. This draws high volumes of customers into the shop, with models often oversubscribed running up to Christmas. The owner runs a Christmas club which has around 500 members every year.

Adjacent to the main showroom there is a separate service and repair area with extensive stores in the basement which allows the current owners to buy bulk.

This is a rare opportunity for a motivated owner operator to acquire and reposition an already reputable and successful business. Viewing is recommended.

Size in square feet:

3,080

Business Operation

Management type:

This business is owner operated.

Trading hours:

Sunday closed
Monday - Tuesday 9.30am – 5.00pm
Wednesday closed
Thursday – Saturday 9.30am – 5.00pm

Employees:

The business will be sold free of staff.

Years established:

44 years