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Established And Reputable Electric Bike Retailer In Worcestershire For Sale

Worcestershire, UK
Asking Price:
On request
Turnover:
£650,000
Net Profit:
Available on request

This is an exceptional opportunity to acquire a well-established and reputable electric bike retailer business that has been successfully trading for 16 years. The business specialises exclusively in the sale of electric bikes, catering to a growing market of eco-conscious consumers seeking efficient and sustainable transportation options. The current owner is seeking to retire, presenting a rare chance for a new proprietor to take over a thriving business with a proven track record of profitability and a solid customer base.

Key features:
- Healthy trading history.
- Product specialisation.
- Quality brands.
- Fantastic location.
- Double fronted showroom.
- Great online reviews.

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on two contemporaneous 5-year leases from 3rd March 2021 at a combined passing rental of £21,100 per annum, exclusive of rates. Rent is payable quarterly in advance. The leases fall within the renewal provisions of the Landlord & Tenant Act and we understand the landlord is prepared to grant longer lease terms if required by the purchaser of the business, subject to status – further details on application.

Subject to the status of the purchaser, the landlord may request payment of a deposit equal to 3 or 6 months’ rental to be held for the duration of the lease. Prospective purchasers are advised to take this into consideration when preparing financial forecasts and budgets.

Location:

Located on a main arterial road.

Premises Details:

Well-equipped 2,100 sq. ft. premises. The space includes a double-fronted showroom, workshop, storage area, kitchenette and toilet.

Size in square feet:
2,100

Business Operation

Reasons for selling:

Owners retirement.

Years established:
16