Bicycle Sales, Service & Repair Shop in Doncaster

Doncaster, South Yorkshire
REF: R08217

Asking Price:
£39,999
Annual Turnover:
£90,000
Annual Net Profit:
£13,500
Reduced
REF: R08217
Photo of Bicycle Sales, Service & Repair Shop in Doncaster
Photo of Bicycle Sales, Service & Repair Shop in Doncaster
Photo of Bicycle Sales, Service & Repair Shop in Doncaster
Photo of Bicycle Sales, Service & Repair Shop in Doncaster

Overview

Tenure:
Leasehold
Established:
1994
  • Excellent Reputation
  • Huge growth potential
  • Well Equipped Business
  • Equipment Included
  • Low Overheads
  • Wide Variety of Products & Services

This is a unique opportunity to acquire a successful business, which sells, services, and repairs bicycles, and is based in Rossington, near Doncaster.

The business was first established in 1994 and the current owners took over in 2016. Under the present ownership, the business has experienced significant growth, whilst also continuing to gain an excellent reputation and a loyal customer base in the local community.

The company aims to help their customers in any way possible, whether this be for cycle sales, repairs, disabled adaptions, or simply for some friendly advice. They also offer electric conversions to bikes, trikes, recumbents, and velomobiles.

The bike shop prioritises providing an all-inclusive service, for the whole family, and is incredibly affordable. They stock a wide variety of branded bikes, which could normally be hard to attain for a new business.

Many of the company’s customers live in the local area, with the business receiving huge volumes of repeat custom. This is a testament to their brilliant customer care and excellent service and product offering.

With huge potential for growth and low overhead costs, this fantastic business would be the perfect acquisition for an owner-operator with experience selling, servicing, and repairing bikes.

The business has a brilliant location, with plenty of free street parking nearby and high passing footfall. This should ensure there is plenty of trade for the new owner.

The premises are based in a parade of shops in a residential area, in Rossington, near to Doncaster. The building has two storeys; however, the upstairs is not part of the lease or the sale. The ground floor is around 140 m², with a showroom for bikes at the front of the shop and a workshop to the rear. The property also has a kitchenette and a bathroom, which has a toilet and shower. Rear access to the building is through double steel doors, leading to the bins. There is also a full alarm system, which links to the police.

All equipment will be included in the business sale, which means the new owner should be able to get to work straight away.

A time-limited handover period can be negotiated with the current owners, to ensure a smooth and efficient transitional period.

This would be the perfect opportunity for an owner-operator, who has previous experience mending, servicing, and selling bikes, and is now looking to acquire their own, successful business.

There is huge potential for growth with this business, as there is a massive opportunity to extend opening hours and increase the company’s earning capability. It would also be a great idea, if the new owner considered developing the online side of the business.

The company already has a brilliant, easy-to-use website and several popular social media channels, with 1,900 Facebook followers and 150 Instagram followers. These platforms act as an excellent sales window for the business. It would be beneficial if the new owner continued to utilise and optimise these online channels.

Features

Online Presence

Location

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  • Nearby Car Parking
  • Residential Location
  • High Footfall
  • High Street Location

Property

Annual Rent
£6,000
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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