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Business For Sale. Cycling & Skateboard Retail Shop In A Prime High Street Location

LISTING DETAILS
Firms For Sale ID:
34956
Vendor reference:
AM175
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Commercial property:
Asking price:
£100,000  
Turnover / revenue:
£140,000
Net profit / cashflow:
£60,000
Years established:
2
Trading hours:
Monday Friday : 10:00 17:00 Saturday: 10:00 17:00 Sunday: Closed
Number of employees:
3
Employees / staffing:
The Company currently employs 3x Staff: 1x Managing Director (Vendor) 1x Sales Assistant (working at the shop, part time, Saturdays) 1x Marketing Assistant (working from home, part time, 8 hours/ month)

OTHER DETAILS
Reason for selling:
Genuine retirement sale.
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 premises are leasehold with a 5 year renewable lease. The square footage is circa 800 sq. ft and includes a shop floor, stock room and office area with a large safe. Rent is currently GBP 875.00 /month The lease contract is due for renewal in 2023
 
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BUSINESS DESCRIPTION
Cycling & Skateboard Retail Shop in a prime High Street Location
Ref. AM175
Location : Hertfordshire
Asking Price : GBP 100,000 + SAV
Extremely well established cycling and skateboard shop, owned by the present Husband & Wife team since 2016. The business is in a prime high street location, being one of the main thoroughfares in this busy and popular Hertfordshire Town and well positioned among other popular retailers with established clientele. Conveniently located at 25 min train from central London, in close proximity to many well established residential areas and other new residential & large developments 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, including tricycles. The business benefits from unopposed competition and dealership agreements with many prestigious Brands. As well as bikes the business has a growing following with the local skateboarding and stunt scooter communities and is a real destination location for young and old enthusiasts to visit for boards, parts, accessories and repairs with its fully equipped workshop with approved Bosch ebike Dealer and Bosch Certified ebike Service Centre credentials.
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.
Not surprisingly, the shop enjoys a good level of patronage including circa 300+ active customers on company database the store enjoys a high percentage of repeat custom.
This opportunity is an ideal business for anyone looking to engage with the Cycling or Skateboarding sector or for someone already in the sector looking for a strongly performing, additional outlet 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.