Established Bike Shop & Webshop in Dorset

Swanage, Dorset
REF: 04969

Asking Price:
£95,000
Annual Turnover:
£576,000
Annual Net Profit:
£31,000
Reduced
Recently Sold
REF: 04969
Photo of Established Bike Shop & Webshop in Dorset
Photo of Established Bike Shop & Webshop in Dorset
Photo of Established Bike Shop & Webshop in Dorset
Photo of Established Bike Shop & Webshop in Dorset

Overview

Tenure:
Leasehold
Established:
2008
  • Excellent Reputation
  • Very Loyal Customer Base
  • Well Equipped Business
  • Huge growth potential

With a long-standing local reputation for bike sales and repair services, this business represents an outstanding opportunity for the right buyer.

Established at this location for 4 years and operated by the current owner throughout, it provides a trusted service to a large and loyal customer base.

Specialising in the distribution of Marin, Diamondback, Jones, Brooks England, Surly and Salsa brands, it is a highly profitable business with growth potential. And with internet sales accounting for almost 90% of business, there is the possibility of relocation. A closer inspection is highly recommended.

The business has been owned and operated by the vendor since 2008. It is well established within the area and enjoys a good reputation as a high-quality, good-value specialist retailer offering excellent service online and off.

It was recently an Online Service Award finalist. Although the business offers retail sales via the shop plus repairs, servicing and bike hire option, a large proportion of sales comes via the well-used online shop.

The business has seen year-on-year growth and now boasts a £576K annual turnover with low overheads.

The leasehold premises comprise a single-storey building in a residential area with a well-equipped workshop and retail area to the front, totalling an area of approx. 1400 sq ft. There’s a large storeroom to the rear plus a small kitchen area and WC facilities. It’s a friendly and welcoming space just a stone’s throw from the beach.

With a long-standing local reputation for bike sales and repair services, this business represents an outstanding opportunity for the right buyer.

Established at this location for 4 years and operated by the current owner throughout, it provides a trusted service to a large and loyal customer base.

Specialising in the distribution of Marin, Diamondback, Jones, Brooks England, Surly and Salsa brands, it is a highly profitable business with growth potential. And with internet sales accounting for almost 90% of business, there is the possibility of relocation. A closer inspection is highly recommended.

Specialist bike sales and servicing
Loyal customer base
Excellent local, national and international reputation
Well-equipped workshop
Potential for growth

Features

Online Presence

Website: www.bikemonger.co.uk

Location

Property

Annual Rent
TBC
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
TBC
EPC Rating
C 51-75

Financial & More

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