Business for Sale in PAIGNTON, Devon CYCLE SERVICING, REPAIR, & SALES PLUS ACCESSORIES

Key Information

Reference

CY36297N

Tenure

Leasehold

Status

For Sale

Region

Devon

Sector

Cycle Shops

Annual Sales

£127,567.00 Exc. VAT

Accommodation

Yes

Business Information

Respected CYCLE SERVICING & REPAIR outlet, also offering CYCLE SALES & ACCESSORIES, situated in desirable TORBAY resort on the SOUTH DEVON coast. Occupying high profile, easily accessible, main road trading position within sought after busy shopping parade, which is also host to national retailers. Situated a short distance from famous sandy beaches, attractions, and holiday accommodation, bordering popular residential areas with very limited competition in the area.

Fantastic premises presented and fitted out to the highest of standards at considerable cost, deceptively spacious, occupying a substantial site. Benefiting from substantial glazed double frontage, attractive retail area, immaculate workshop complete with pneumatic bike work stands, storeroom & cloakroom. Large self-contained flat above, offers sitting room with sea glimpses, kitchen, 2 bedrooms, bathroom. Masses of outside space, south facing roof patio also with sea glimpses, single garage, parking for 5/6 cars. Favourable overheads, rent for whole property £883 per month, currently receiving £800 per month for flat, zero rates.

Established business approaching 15 years, benefiting from being a Bosch Service Centre, drawing trade from a wide catchment area with a great deal of regular and repat custom ensuring ample work in hand at any one time with a variety of service plans offered. Income 2024 £137,167 ex Vat, Gross Profit £87,865, low overheads ensuring a profitable business, especially to owner operators. Offers excellent foundations to build on current levels of successful trade through attending events and linking up with clubs.

Leasehold £45,000 sav, Ref: CY36297N