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Cycle Hire Business For Sale

Bideford, Devon, UK
Asking Price:
£375,000
Turnover:
£50K - £100K
Net Profit:
Available on request

Offering around 1,000 square feet of industrial space this depot is used for bicycle sales, hire and repairs as well as secure storage and refreshment. Within the compound is a shipping container for further storage as well as a large car park for customers.
The yard has access directly to the Tarka Trail for which an annual fee of £380 is paid to the Torridge District Council and a single track to a parking area for about a dozen cars has an annual rental of £800 per annum.
We are offering for sale the freehold of Bideford Cycle Hire and yard – please note South West Water have a right of way over as they own the parcel of land immediately behind.

This is a retirement sale for the current owners, having worked at the business since 1997 and purchasing it in 2007.
Operating the business currently on a seasonal basis (with scope to open all year round) and opening 5 days a week 9 am to 5 pm. The business is traded by the two owners with no staff.
There is a choice of around 200 bicycles including accessories and the bikes themselves can be hired from £13 per day.
Takings are in the region of £80,000 per annum but could be increased by offering food/snacks as well as the ice creams sold at the present time as well as expanding sales of electric bikes/scooters etc.
In addition the opening hours could be extended and the kayak hire trade which was once a busy part of the sales offering, could easily be re-instated.
Income is derived from bicycle rentals and sales, repairs and sale of parts.
There are cycles to suit all ages and abilities from tandems, trailers, tag-a-longs and trikes, to mountain bikes & hybrids.
The Dawes, Land Rover or Claud Butler hybrids offer the comfort of a touring bike and the gears of a mountain bike, they have a back rack for carrying bags and mudguards.
Stock at valuation, bicycle inventory and general stock value of around £30,000.

Property Information

Property:

Freehold

Location:

Adjoining The Tarka Cycle Trail at East The Water with Bideford on one side and the Torridge Estuary on the other boundary; therefore The Bideford Cycle Hire is therefore ideally placed for passing trade. The property has access next door to a public slipway that slopes down to the River.

Energy Performance Rating:
D

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