Total of 18657 firms and businesses for sale today Friday 29th March 2024
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Sold. Cycling Retail Shop In Two Prime High Street Locations

LISTING DETAILS
Firms For Sale ID:
35066
Vendor reference:
AM177
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£100,000  
Turnover / revenue:
£1,300,000
Net profit / cashflow:
£35,000
Years established:
70
Trading hours:
MONDAY: 9AM - 5:30PM TUESDAY: 9AM – 6:00PM WEDNESDAY: 9AM – 6:00PM THURSDAY: 9AM – 6:00PM FRIDAY: 9AM – 6:00PM SATURDAY: 9AM – 5:30PM SUNDAY: 11AM – 5:00PM BANK HOLIDAY: 11AM – 5:00PM
Number of employees:
10
Employees / staffing:
The Company currently employs 10x Staff across the two stores. Store 1: • 1x Store Manager • 1x Assistant Manager • 3x Sales Assistants • 1x Workshop manager Store 2: • 1x Store Manager • 1x Assistant Manager • 3x Sales Assistants • 1x Workshop manager

OTHER DETAILS
Reason for selling:
The vendor has decided to move on to other opportunities.
Support and training:
The vendors would be happy to stay and hand-over and are happy to provide training for an agreed handover period.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The two premises are leasehold and a new lease will be available to the new owner and is negotiable. Store 1: The total square footage is circa 1,400 sq. ft. and includes a shop floor, stock room and workshop. Store 2: The total square footage is circa 1,600 sq. ft. and includes a shop floor, stock room and workshop.
 
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BUSINESS DESCRIPTION
Cycling Retail Shop in two prime High Street Locations
Ref. AM177
Location : Middlesex
Asking Price : £100,000 + SAV
Turner Butler is pleased to offer for sale an extremely well established bicycle and bicycle accessories shop, owned by the present Family team since the founding of the business more than 70 years ago.
The business is operated from two prime high street locations, both being main thouroughfares in their parts of this busy and popular South West London Borough and well positioned among other popular retailers with established clientele. Conveniently located near central London, in close proximity to many well established, affluent residential areas and provides an excellent and growing customer base.
Well known in the locale for the wide selection of products, from recognisable road & off-road leisure bikes to electrically assisted bikes and prides itself on being the best independent bike shop for choice, value and sound advice for customers. The business benefits from largely unopposed high street competition and has dealership agreements with many prestigious Brands. The shops have become destination locations for local customers requiring parts, accessories and repairs. Retail for new bikes is very well backed up by the individual shop’s fully equipped workshops.
As a family owned business, the company’s ethos has always concentrated on the fun & spirited experience that cycling can be. Staff are all lively, enthusiastic cyclists, whether their passion is road cycling, mountain biking or a leisurely ride with the family, so they are all well placed to advise customers.
We run regular bike maintenance evenings, women’s cycling evenings, and support many community cycling and sports events throughout the summer months.
The real power and energy of the shop comes from the attentive and courteous service provided by the staff and the high levels of customer service and satisfaction they generate. This includes the full assembly of ordered bicycles, whether online through the company’s attractive website or instore, which are then delivered to customers, whole.
Not surprisingly, the shop enjoys a good level of patronage – including circa 5,000 active customers on company database; the store enjoys a high perecentage of repeat custom.
The business generates circa 20-25% of its total income from its workshops and also has contracts to supply bicycles to corporate clients.
This opportunity is an ideal business for anyone looking to engage with the Cycling sector or for someone already in the sector looking for strongly performing, additional outlets to bolt on to their existing business activities.

Expansion Potential
The business has grown organically and with further marketing for both the shop and the regular updating of the website could build on the existing excellent customer base.

In addition to this a new owner could open the shop for longer hours or bring new ideas for new product ranges to the customer base.

Market / Competition / Non-Competition Agreements
The business has an attractive and informative website and free listings in local publications and their online versions.