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Busy Cycle Retail, Hire And Accessories Business For Sale

Ashby-De-La-Zouch, Leicestershire
Asking Price:
£39,995
Turnover:
£157,413
Net Profit:
Available on request

Business
Hilton Smythe is delighted to welcome to the market this well-established and very busy cycle and accessories business in Ashby-de-la-Zouch, Leicestershire.

The business was established by our client in 2002 and is only now being offered to the market, due to our client’s desire for a well-deserved retirement. The business currently operates 6 days per week and generates a turnover in the region of £157,400 per annum, according to the 2016 accounts.

Our client offers a variety of services including the sale of new, second hand and ex demonstration cycles, repairs and servicing, as well as an array of accessories, spares, clothing and helmets. Our client offers exclusive cycle brands such as Merida, Merckz, Giant, Ridgeback, Genesis and Ridley. Our client also offers a cycle hire.

The property boasts over 45 sq. metres of floor space, is very well maintained and well fitted out to suit the trade. The first floor offers a self-contained flat comprising a lounge, kitchen, bathroom and double bedroom.

The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover, perhaps by offering Sunday trading. A new owner could build up the cycle hire side of the business or embark on a modest marketing campaign to highlight the excellent goods and services offered. The business already has a website in place at ---.--------------.---.

This is an excellent opportunity for a new owner to take this already thriving and busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

Location
Just Bikes Ashby occupies substantial two storey premises, which is ideally located within the market town of Ashby-de-la-Zouch in North West Leicestershire. The business is located on The Green and is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade. The business further benefits from good car parking facilities within the area.

Ashby-de-la-Zouch, often shortened to Ashby, is a small market town and civil parish in Leicestershire, within the National Forest. According to the 2011 census, the town had a residential population of 13,759. The town is situated at the heart of the National Forest, approximately 24 miles due south of the Peak District National Park.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. The nearest railway station is in Burton-upon-Trent, which is approximately 8 miles away.

The area is also well served by the A-roads, with both the A511 and A42 being within easy driving distance, which link to the national A-road and motorway networks. East Midlands Airport is 9 miles northeast of Ashby and provides flights to and from other parts of the UK and Europe. Derby is approximately 14 miles away and Nottingham is 22½ miles away.

Premises
Substantial two storey premises in an ideal trading location, briefly comprising:
Ground floor:
Double fronted shop.
Window displays.
Cycle racks with a wide range of adult cycles.
Units and racking for accessories, helmets, clothing and spare parts.
Cupboard to rear for storage.
Serve over counter with electronic cash register and credit/debit card terminal.
Rear door with security grill.
CCTV with 4 x cameras.

First floor:
Lounge.
Kitchen.
Bathroom.
Double bedroom.

External:
Rear yard with external access to metal workshop, which is fully equipped for repairs and servicing with work benches.
External bike racks to front.

Tenure
We are advised Leasehold:
Original lease length: 6 years
New lease available.
Rent: £11,460, which includes the flat.

Hours
The business is open:
Monday – Saturday: 9.00am – 5.00pm
Sunday: Closed

Staff
The business is owner run and managed.

Financial Profile
The business generates a turnover in the region of £157,400 per annum, according to the 2016 accounts.

Property information

Property:

Leasehold

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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