Buy a business

Retail & Servicing of Cycles Scooters & Skateboards in Midlands

West Midlands

Advert ref: 1778TRB

Business Partnership are very pleased to be marketing for sale this long established and successful bike, scooter, skating and accessory store located in the West Midlands. Together with a retail outlet the Company offers servicing and e-commerce facilities from ideally located premises to the north of the City Centre.

The business was established by the present owners in 1999 after a long family history in competitive cycling. The business stocks a wide ranging inventory of mid to high end bicycles, scooters and skateboards together with clothing accessories. They offer full repair and servicing for all of their products and are well renowned throughout the region for the level customer service provided.

Turn-over for the FYE 30 Sep 2021 is £325k (2021 £350k)  on GPM 33% and the latest year will show similar figures.

This is a strictly confidential sale. For further information please click through or contact Business Partnership Birmingham and Warwickshire directly.

Key features:

  • Long Established and Highly Successful Company
  • Opened by the Vendors in 1999
  • Stocks Varied Range of Bicycles, Scooters and Skateboards plus Accessories
  • T/O £335k @ 33% GPM
  • Lease Terms are Attractive at circa £15k Per Annum
  • Stock Value Circa £100k
  • All Reasonable Offers will be Considered!!

Property Details: Leasehold
Asking Price: £20,000 + SAV (Leasehold)
Turnover: £350,000 Annual
Lease Terms:

The lease has expires later in 2023. The landlord has confirmed that he would be willing to negotiate a new lease with a prospective purchaser at an annual rent of circa £14-15k per annum.

Reason For Selling:
Our client is looking to sell to follow opportunities now available to themselves.

Retail & Servicing of Cycles Scooters & Skateboards in Midlands  West Midlands

Financial Details

  • Leasehold: £20,000 + SAV
  • Turnover: £350,000 Annual