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High Profile Retailer Of Cycles For Sale

West Midlands
Asking Price:
£45,000
Sales Revenue:
£225,755
Cash Flow:
Available on request

Description:
Business Partnership is pleased to have been appointed as sole selling agent in order to seek a purchaser for this very well established and high profile business, situated in West Midlands, which is hugely respected with industry!

The business has been trading for over 70 years and has only been made available for sale due to the pending retirement of our client.

The business supplies cycles to a broad spectrum of customers and could be classed as an 'all round family' business, with cycles generally being up to approximately the £1.000 mark.

Main suppliers stocked are Raleigh, Diamondback, Claud Butler, Pro and GT.

The business thrives on its highly regarded reputation for attentive and experienced services, for both new cycles as well as a thriving repair department, which often picks up service agreements for companies and organisations, as well as a discerning public.

We strongly urge any seriously interested party to view this business at the very earliest opportunity, as our client is seriously looking to retire at the very earliest opportunity now!!

Property information

Property:

Leasehold

Lease Terms:

Leasehold – we understand that a fully renewable 10-year lease, which commenced in 2009, is in place for any purchaser at a rental of £13,750, per annum, and is subject to 5-year reviews.

Location:

Situated in an excellent position on one of the main arterial routes into the City Centre.

Business Operation

Reasons for selling:

Genuine retirement sale; therefore all serious offers will be considered!

Years established:
70 years

Contact Information

    1. Your Address

    2. Optional
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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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