Business for Sale in WELLINGTON, Somerset CYCLE SALES, ACCESSORIES, REPAIRS & SERVICING

Key Information

Reference

CY35605X

Tenure

Leasehold

Status

For Sale

Region

Somerset

Sector

Cycle Shops

Annual Sales

£189,215.00 Exc. VAT

Accommodation

No

Business Information

Destination CYCLE STORE, retailing new and used cycles and accessories, also undertaking servicing and repairs, situated on the SOMERSET/DEVON border, occupying easily accessible WELLINGTON town centre trading position, just off the main shopping thoroughfare of Fore Street, part of shopping arcade, surrounded by other popular businesses to include national retailers, close to car park, surrounded by residential areas, benefiting from new housing developments.

Deceptive premises, approaching 2,000 square feet, well organised and attractively presented. Providing 2 inter-connecting retail areas, 2 inter-connecting cycle display areas, workshop, office, store, and cloakroom. Benefiting from favourable premises costs, rent amounting to just over £150 per week, and receiving 100% business rate relief.

Respected business, established and in same family hands in excess of 50 years, offering wide selection of cycles and accessories for all uses, all age groups, and for all budgets, drawing trade from wide catchment area, enjoying a great deal of repeat business, and attracting new customers each week, with no real direct competition. Sales 2023 £189,215 ex Vat, Gross Profit 82,372 (44%), easily manageable, trading a 5 day week, current owner working part time, ideal for full time owner operator.

Leasehold £60,000 sav Ref: CY35605X