Established Cycle Sales, Service & Repair Shop in County Durham

  • Proof of funds required
  • Huge potential
  • Prime location
  • Unique opportunity
  • All fixtures and fittings included
  • Excellent client base
  • Highly rated
  • Established business

Description

Business Description:

 

Silk Letting Ltd is delighted to welcome to the market a successful cycle and accessory shop in County Durham.

 

This highly successful independent retailer has been established since 1997 specialising in the sale and servicing of cycles and accessories. The friendly and knowledgeable staff have over 20 years experience in the sport at local and national level providing advice and service including:

 

  • Mobility specialists, wheelchairs and pushchairs
  • Racing bikes, MTB bikes, BMX, Touring, Hybrid, Sales
  • Maintenance and repairs
  • Custom builds
  • Wheel building and truing
  • Di2 specialists in diagnostics and resetting

 

The business has an excellent client base benefiting from a high volume of new and repeat loyal clients and has gained 5 star reviews on many online platforms. The premises has a fully equipped workshop where staff carry out servicing, repairs and full custom builds and registered Cycle scheme members (amongst various other bike to work schemes).

 

Premises, Fixtures and Fittings:

 

The business includes all stock, fixtures and fittings meaning it is fully equipped and ready for any new owner to take over. The premises comes with a fully equipped workshop.

A full list of assets is available upon request.

 

Location:

 

Ideally located at the heart of the community and close to a residential area means the business benefits from a high number of returning clients. Situated close to the A167 the business is in a prime location to receive a high number of new and existing customers.

 

Business Hours:

 

Monday – Friday – 10 am – 5 pm

Saturday – 10 am – 2 pm

 

Tenure and Financial Profile:

 

This property is Leasehold. There are 6 years remaining on the current lease

 

Business Rates:

 

The business benefits from a small business rates relief and is exempt from paying any business rates.

 

Reason for sale: 

 

Our client is selling the business due to retirement. Creating a fantastic opportunity for any new owner to take over an existing and established business.

 

Growth Potential:

 

This is a fantastic opportunity for any new owner to continue to build on the solid foundations of an already successful business.

 

The business currently has a website that could be expanded to enable clients to book/order and pay online. Any new owner could also promote social media pages like Instagram and Facebook.

 

A viewing of this business is highly recommended to appreciate its true value and the potential it has for a new owner.

 

VIEWING STRICTLY BY APPOINTMENT!

 

If you are interested, please contact us to discuss any sales enquiries or arrange a viewing on 03333 350218.

 

Gallery

Contact Us

VIEWING STRICTLY BY APPOINTMENT!

0333 335 0218

admin@silkletting.co.uk

Finance options available

Speak with us about our flexible financing options

0333 335 0218

info@silkletting.co.uk

Contact us for more details, or book a viewing

Once an enquiry has been submitted you will receive a call from our team within 3 business hours.