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Profitable Cycle Hire Business At Barnstaple Station For Sale

Barnstaple, Devon, UK
Asking Price:
£84,950 Furniture / Fixtures included
Turnover:
£115,000
Net Profit:
£58,000

Highly profitable and long-established cycle hire business occupying an excellent position at Barnstaple Railway Station with direct, convenient access to North Devon’s popular Tarka Trail.

Established in the early 1990s and described as the first cycle hire operator on the trail, the business benefits from decades of brand recognition, online bookings, telephone enquiries and passing trade. Turnover for 2025 was £115,000, generating approximately £58,000 net profit, supported by low overheads including annual rent of £6,400 and 100% Small Business Rates Relief.

The business operates seasonally from March to October and primarily generates income through cycle hire, with additional workshop and servicing activity. The operation includes a website with online booking system, reception, fully equipped workshop, storage facilities and hardstanding areas.

Significant growth opportunities include expanding the e-bike fleet, extending the operating season, increasing workshop and servicing income, developing coast-to-coast packages and experiences, and increasing online marketing and advance bookings.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

Assignment of the existing agreement at a current rent of £6,400 per annum.

Leasehold Rent:

£6,400 per annum

Location:

Located within Barnstaple Railway Station, providing a highly convenient collection point for customers with adjoining station parking and quick access to the Tarka Trail. The location benefits from railway passengers, visitors and established tourism throughout North Devon.

Premises Details:

Self-contained premises within Barnstaple Railway Station comprising a 240 sq ft reception, 161 sq ft equipped workshop, two bicycle stores including mezzanine storage, toilet facilities and two hardstanding areas, one of which is covered.

Size in square feet:
Reception: 240 sq ft Workshop: 161 sq ft

Business Operation

Expansion Potential:

Strong potential to expand the e-bike fleet, extend the March–October operating season and opening hours, increase workshop and servicing income, develop coast-to-coast packages, luggage transfers and guided experiences, and increase online marketing and advance bookings.

Trading hours:

March–October, seven days per week except March when currently trading six days per week. Stated operating hours are approximately 9:15am–5:00pm.

Years established:
Over 30 years

Other Information

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