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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.
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.
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