Total of 18657 firms and businesses for sale today Friday 29th March 2024
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Sold. High End Bicycle Retailer: Specialists In Mountain Bikes And Road Bikes (sales,service, Repair)

LISTING DETAILS
Firms For Sale ID:
34030
Vendor reference:
AM162
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£70,000  
Turnover / revenue:
£300,000
Net profit / cashflow:
Undisclosed
Years established:
13
Trading hours:
Mon-Fri 0930-1730 Sat 0900-1730 Sun closed
Number of employees:
6
Employees / staffing:
There are two directors in the business. One director works full time in the business and the other is part-time (remote worker). The business usually employs a Shop Manager (full time however this position is currently vacant) and 5 part time staff (sales assistants and workshop). All staff are keen cyclists and passionate about the sport.

OTHER DETAILS
Reason for selling:
The vendor is looking to semi-retire.
Support and training:
The vendor will provide a comprehensive support and handover period to ensure a seamless transition of ownership. This should be a relatively simple process as the business has excellent systems and staff in place
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
High End Bicycle Retailer: Specialists in Mountain Bikes and Road Bikes (sales,service, repair)
Ref.AM162
Location Central Scotland
Asking Price GBP 70,000
This business was established in 2002 and has since grown in size and stature to become one of the regions pre-eminent bicycle retailers specialising in high end mountain bikes and road bikes from leading manufactures that are very much in demand. Ideally located on a major thoroughfare into the city the company has excellent exposure and good accessibility for its large, loyal and growing customer base, many of whom will travel significant distances (up to 100 miles) to benefit from this retailers superb offering in terms of merchandise and advice. The company also has its own interactive e-commerce website which is ripe for future development in terms of online sales.
As well as offering a large range of quality bikes for all activities (including road and mountain bikes, hybrid bikes, childrens bikes and cyclo-cross) the business also retails cycle clothing, parts and accessories.
The business also has its own fully equipped workshops on site which provide full servicing and repair. With the prices of bikes in some cases entering five figures and with cycles becoming increasingly sophisticated in their engineering self-servicing is becoming less of an option and this part of the business is thriving.
As part of this the business has invested in additional machinery to provide custom made parts to meet customers exacting requirements where necessary. It prides itself on the precision workmanship that it offers clients and this ensures excellent customer retention and new referrals, particularly from competitive and club cyclists. This area of the business has been fuelled by the fact the company currently has its own successful racing team that gives it unprecedented exposure to the professional cyclist market.