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Transworld Business Advisors is pleased to offer for sale this high quality Pro bike retailer with a fully equipped bike maintenance workshop. The shop sells mountain, road, leisure and electric bikes from top brand manufacturers with whom the owner has established strong relationships. Customers can have a personal fitting with their bike purchase to ensure they experience the optimal riding experience. The owner has invested in the latest technology to evaluate the customers’ unique riding characteristics and set the bike up accordingly. This aspect of the business offers a level of service and value that the on-line bike market is unable to compete with.
In addition to bike sales the shop also offers a comprehensive range of accessories, clothing and replacement parts.
The shop is equipped with a fully fitted workshop which offers servicing, maintenance and repairs as well as maintenance courses for customers who want to learn more. The workshop is labour driven and consequently delivers a high margin and is a growing part of the business.
As part of the service the owner has sought to raise the profile of cycling in the community with guided shop rides, bike maintenance evenings and inspirational evening talks with guest speakers. Local cycling events and initiatives are also attended to raise the profile of the business.
The shop is spread over two floors with a large range of bikes on display, a workshop, changing room, bike fitting room, office, store room, kitchen and toilets.
The quality of the brands sold and the shortage of retail outlets through which they can be sourced generates demand from across the South East of England.
The shop is located in a Sussex town in a busy shopping parade with plenty of free parking. Its proximity to extensive local off-road riding (the South Downs National Park) is unique in the UK and ensures that it has a very active client base.
This is a rare opportunity to own a well established quality business in a market sector in which interest continues to grow, in a region where the geography compliments the cycling industry.
Reason for sale: Retirement
Turnover: In the region of £430,000
EBITDA: In the region of £35,000
Average bike price: £1411
Years Established: 13
Number of staff: 5
Stock: In the region of £100,000
Remaining Term: 5 years
Rent: 20,000 pa
All fixtures, fittings and equipment are included
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