Business for sale

Business description

Advent Business Sales are delighted to offer
to the market this extremely well established
and popular bicycle shop, which has been
trading profitably for the last 27 years.
Our client has a superb local reputation and
has the added benefit of being the sole
distributor in the region for ‘Giant’ and
‘Claude Butler’ bikes.
The shop was founded by our client and is
only now being reluctantly offered for sale
as he wishes to retire.
The business has an extensive stock of adult
bikes for sale, will repair any type and also
offers a range of accessories and even has
cycle hire.
The shop has an excellent web site with high
visitor numbers, with the business being the
only one in the city to offer cycle hire, which
has proven to be very popular and lucrative.
The business also has an ongoing contract
for the supply and repair of cycles to Thames
Valley Police.
We are advised that stock at cost is
approximately £50,000.
The premises have the added security of
being alarmed and having CCTV with 4
cameras and 24 hour recording.
TRADING HOURS
Mon-Sat: 9.00am – 6.00pm
Sun: 10.00am – 4.00pm
EXPANSION POTENTIAL
Whilst the business is very successful and
earns excellent profits, there is still good
potential to increase sales and profits by:
1. Having finance available for the
purchase of cycles
2. Advising and advertising the cycle
registration scheme, which is a tax
efficient way of buying a cycle
3. Pushing the point that they are the
only registered retailer for Giant and
Claude Butler cycles.
STAFF DETAILS
The business employs one full time employee
and four part time, each working
approximately 25 hours per week and the
vendor for 2 days per week. They achieved
an excellent turnover of approximately
£353,000 in the year to May 2008 with a
gross profit of circa £167,000.
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £352,817
Gross Profit: £166,415
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
Please can you fill this part out
Ground Floor


First Floor


External


TENURETENURE: Leasehold
Original lease: 15 years
Remaining lease: 15 years
Review every: 3 years
Rent: £30,000 P.A.
We are advised that the annual business
rates are currently: £7,392
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.