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Cycle Shop In Essex For Sale

Westcliff-On-Sea, Essex
Asking Price:
£37,000
Turnover:
£30,000
Net Profit:
£15,000

Intelligent Business Transfer are pleased to have been appointed to oversee the sale of a business that has established an impressive reputation for quality and value and that enjoys high levels of repeat business from satisfied customers.

The shop’s popular niche brings business in from a wide area and is boosted by its proximity to the university. Revenue is generated by the owner on his own during normal weekday working hours – general servicing and repairs and some sales.

Most existing trade arises from repeat business and word-of-mouth recommendations, with no money spent on advertising. It is anticipated that a new owner could grow the business by making more of the opportunity to sell new (and refurbished) bikes. With cycling growing in popularity and customers looking for expert advice and recommendations, it’s an exciting prospect that could deliver considerable rewards for the right buyer.

The vendor is looking forward to retirement and has retained Intelligent Business Transfer to find a suitable buyer to take over.

It is a business that’s ready to move to the next stage; it would be ideal for a biking enthusiast looking for a steady income with potential for expansion or for an existing business looking for a bolt-on operation.

The vendor would be happy to stay on to help the new owner with the transition.

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  1. What will I 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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