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Businesses For Sale > Business For Sale in Hertfordshire, UNITED KINGDOM - UK (UK)

AM175-Hertfordshire-100,000-Cycling & Skateboard Retail Shop for sale in Hertfordshire, UK

Hertfordshire, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
£ 100,000 £ 140,000 £ 60,000

Business Summary:
Cycling & Skateboard Retail Shop in a prime High Street LocationRef. AM175Location : HertfordshireAsking Price : 100,000 + SAVExtremely 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 thouroughfares 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 perecentage 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.

 

   
Year Business was Established: 2016
   
Number of Employees: 01FT/02PT  
   
Facilities / Terms of Lease: 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 875.00 /month The lease contract is due for renewal in 2023  
   
Potential Growth/Expansion: 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.  
   
Competition: The business has an attractive and informative website and free listings in local publications and their online versions.  
   
Owner willing to train: The vendors would be happy to stay and hand-over and are happy to provide training for an agreed handover period.  
   
Reason for selling: Genuine retirement sale.  
   
Seller Reference Number: AM175
BusinessMart.com Listing Number: 235063
 

 

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For more info contact:

Andrew Hudson

Turner Butler
01895 25 6000

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