Highly Reputable Cycle Shop in County Durham

  • Rental Property
  • Huge Potential
  • Prime Location
  • Unique Opportunity
  • All Fixtures and Fittings Included
  • Excellent Client Base
  • Highly Rated
  • Established Business
  • Proof of Funds Required

Description

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

This family-run business has been situated at the heart of the community since 1997 and has gained a reputation for offering a friendly but knowledgeable service. This highly successful independent retailer specialises in the sale and service of cycles and accessories 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).

 

Location and Amenities:

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. Surrounded by local amenities.

 

Growth Potential:

This is a fantastic opportunity for any new owner to continue to build on the solid foundations of an already established and successful business and to take it to the next level.

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.

 

Financial Profile:

Tenure: Lease – The seller rents the property only. The business has 6 years remaining on the current lease.

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

Turnover is available upon request.

 

Property:

The property is over 1 floor and includes a large sales area, workshop and storage room located at the rear of the property.

 

Security Features:

The property is fully alarmed.

 

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.

 

Staff:

The business currently operates with 1 staff member who wouldn’t be staying once the business is sold, creating the perfect opportunity for any new owner looking to run a well-established business themselves or to build their own team. The current owner will offer a handover period if required.

This is a turn the key opportunity for any new owner looking to purchase an already existing business with the opportunity to increase opening hours.

The business is currently open:

Monday – Friday – 10 am – 5 pm

Saturday – 10 am – 2 pm

 

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.

Would you love to be running an already successful business and to call it your own?

This is a business to get excited about and it is a rare opportunity in the market. We anticipate great interest in this amazing listing, and we don’t anticipate this business to be on the market for long.

This is a huge and unique business opportunity to become your own boss and carry out your passion daily.

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 0161 519 1205.

Contact Us

VIEWING STRICTLY BY APPOINTMENT!

0161 519 1205

admin@silkletting.co.uk

Finance options available

Speak with us about our flexible financing options

0161 519 1205

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.