Profitable Ebike MTB Retail Business Bigpeakes in Newton Abbot Devon Up For Sale
Newton Abbot, Devon
- Status
FOR SALE
- Date Submitted:
16/10/23
- Advert ID
601130
- Reference
Ebike 2 / Rightbiz
- Call Agent:
- Asking Price: £320,000
- Turnover: £706,000 (£13,577 Per week)
- Net Profit: On request
Key Features
- Retirement Sale
- Attractive Business
- Fully Fitted
- Prime Location
- New Lease
- Accounts Available
- Established Business
- With Car Park
- Company for Sale
Business Details
Ebike MTB Retail Business For Sale on the Edge of Dartmoor,
This is a fantastic opportunity to purchase a well established, profitable, ebike retail business situated on the edge of Dartmoor, Devon.
The business started in 2000 and has grown from strength to strength, they have created a very loyal customer base across the whole of the South West region.
Bigpeakes sells a range of board sports products as well as an extensive range of over 80 road and mountain bikes.
The staff are well trained and passionate about all things ebike. The workshop is highly regarded as one of the best in the region.
The store also sell a range of clothing, tools and accessories which creates additional revenue and profit.
The new owner has an opportunity to buy the remaining 974 year lease on the building (was 999 yrs) and that a renewable 6 year Lease is available with a 3 year opportunity to buy.
The building was valued 2022 at c.£560k and the annual rent in 2022 was £37,500
The owner will provide a full handover.
There are a number of growth strategies for a new buyer to consider
1. Build an Ecommerce channel to sell ebikes across the UK
2. Open new Bigpeakes branches across the UK
3. Build on the previous success of running MTB events and create some new races around Dartmoor that will bring in more customers from outside the region.
The owner is now looking to sale the business to the right buyer who can really grow the business and continue the legacy of Bigpeakes while he enjoys his retirement.
If you love ebikes, this is the business to buy
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Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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