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Long Established Cycle Retailer In Paignton For Sale

Paignton, Devon
Asking Price:
£120,000
Turnover:
£250,000
Net Profit:
Available on request

• Long established Cycle retailer
• Stocks a wide range of Bikes, Accessories and Clothing
• Well-presented throughout
• Located in sought after Devon Seaside town
• Healthy turnover and profits with scope to improve
• Excellent local reputation for first class service
• Well-equipped workshop
• Desirable town centre trading position
• Fantastic change of lifestyle opportunity
• Good mix of complementary businesses nearby

Falcon Commercial is delighted to offer for sale this extremely well-presented Cycle Retailer which occupies a prime trading position on one of the main shopping streets in this popular Devon Seaside town. Colin Lewis cycles has been serving the local area since the 1970’s and has been under the proud ownership of our clients since 2006. It is now reluctantly being placed on the market as the owner wishes to develop other business interests.
During our client’s stewardship the business has built up an excellent reputation for its welcoming atmosphere, friendly service and fantastic selection.

This well presented turnkey retail business enjoys a central town centre trading position on a busy shopping street with good pedestrian flow. Shoppers are attracted to the area by the range of independent and multiple owned businesses on offer. This rarely available opportunity has established itself as the area’s premier retailer of Bikes, Cycle accessories and clothing as well as offering servicing and repairs. This is largely due to the professional way the business is run with excellent presentation along with knowledgeable and friendly staff.

Colin Lewis enjoys an all year-round trade. Sales are in the region of £250,000 with excellent gross profit margins.

Property information

Property:

Leasehold

Lease Terms:

The business is offered for sale on a leasehold basis. Its currently held on a rolling rental agreement where the rent payable is £1250 per calendar month. We are advised that the landlord would grant a new lease to suitable applicants the details of which are to be agreed.

Leasehold Rent:

£15,000 per annum

Location:

Highly visible main road position in the sort after Devon Seaside town, Paignton.

Premises Details:

Substantial leasehold building, benefiting from being in a highly visible position on one of the main roads that runs through Paignton which is in Devon.
The premises are fitted and presented to create highly functional internal business accommodation.
The premises briefly comprise:

Ground Floor
• Main showroom
• Workshop
• Toilet

Lower Ground Floor
• Large basement currently used for storage

First Floor
• 2nd floor show room
• Office
• Changing room

External
• Customer parking to rear

Business Operation

Trading hours:

• 9.00am – 5.30pm Monday, Tuesday, & Friday
• 9.00am – 1.00pm Wednesday
• 9.00am – 7.00pm Thursday
• 9.00am – 5.00pm Saturday
• Closed Sunday and Bank Holidays

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  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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