Popular Cycle Shop In Loughborough | | Loughborough Leicestershire | | Cycle Shop Loughborough, Leicestershire T/O: £80,000 GP: 50% Scope to develop further Same owner 40 years Prominent location on A6 Excellent opportunity | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 56055
ADVERT IMPRESSIONS : 11,073 TIME(S) | | | | BUSINESS SECTOR: | Retail | | TRADE TYPE: | Sports Shops | | SALE: | Agent Sale | FREEHOLD: | £164,950 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
Beacon Cycles occupies a prominent corner trading position among a small parade of shops and businesses on Derby Road in Loughborough, Leicestershire. The business is surrounded by a densely populated residential area popular with students. The university is just a short walk from the shop and there is a bus stop to the front. Derby Road is the A6, the main road through the town, linking Derby, approximately 18 miles to the north west, and Leicester 12 miles to the south. Junction 23 of the M1 motorway lies just 3 miles away.
Business History
Preferred Commercial is pleased to offer for sale this popular cycle shop, which was established by our client in 1971 and which is only now being placed on the market due to his wish to retire. The business is currently run at a pace to suit our client and generates a turnover in the region of £80,000 per annum with a gross profit of 50%, derived from the sale, service and repair of bicycles. The 3-storey premises have showrooms on 2 floors and storage on the top floor. A new owner could, if desired, extend the sales area into the rear of the premises and convert the first and second floor into living accommodation, either for themselves or to let out. There is also potential to introduce a web site with e-commerce facilities. We feel this is a rare opportunity to acquire a thriving cycle shop with scope for even further growth. Early discussions, With Preferred Commercial must come highly recommended.
Financial Details
T/O: £80,000 approx.
GP: 50%
Opening Hours
Mon - Sat: 9.00am - 5.30pm
Sun: Closed
Accommodation Details
Prominent corner position 3-storey premises. Briefly comprising:
Ground Floor
• Main sales and display area with display windows, tyre racks and display, shelving for parts and accessories, Raleigh clothing display, retail counter with display beneath and electronic cash register
• Workshop with central work bench and shelving to perimeter walls
• Store room
• WC
• Kitchen
Lower Ground Floor
Large cellar, currently unused
First Floor
• Office with desk and filing cabinet
• Showroom with cycle displays and suspended cycle display
• Store room and second display area
• Bathroom with bath, WC and wash basin
Second Floor
• 2 x large unused rooms, could be used for storage or conversion
External
• Enclosed yard to rear
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2087 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
