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Bicycle Sales & Repair Business Manchester

City of Manchester, Manchester
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  • Leasehold: £65,000
  • Turnover: £163,060 £3,136 Per week
  • Net Profit: Not Applicable

Business Details

    Main Road Position

    Accounts Available Year End 31st March 2021

    Annual Turnover (Year end 2021) £163,060

    Gross Profit (Year end 2021) £65,889

    Accounts Available After Viewing

    Established 1995

    Retirement Sale

    New Lease Available

    Close To City Centre

    Owner Operator

    Scope To Expand Opening Hours

    Potential For Accessory Sales

    EPC - D

Description:
REF 7415 – Leasehold Bicycle Sales & Repair Business
Blacks Business Brokers are pleased to bring to the market this leasehold bicycle sales and repair business located in Manchester.

INTRODUCTION
Ugo Cycles was established by our client in this busy area of Manchester in 1995. The business offers both repairs and sales with a diverse collection of bicycles from mountain bikes to BMX's and Scooters on offer. It has become very well known in this sector and local area and has a strong base of regular customers in place. The business also benefits from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google. Ugo Cycles has a comprehensive website in place.

LOCATION
Ugo Cycles occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers and large multiples such as Asda. There are also a number of local amenities nearby including schools and parks. The area is well linked by the M60 with very strong public transport links and parking is available in the immediate area.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. A new five year lease is available for a new owner and this will run at a cost of £196 per week with break clause at three years.

STAFF
The business operates with one full time member of staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS
Ugo Cycles has traded solidly since opening and our client has established a strong repeat customer base. Accounts Available Year End 31st March 2021 Annual Turnover (Year end 2021) £163,060, Gross Profit (Year end 2021) £65,889. Full financial information is available upon request.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This well known and long established business occupies an enviable trading position in a busy area of Manchester. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new product lines and longer opening hours, possibly a collection and drop off service where appropriate. A new owner could also benefit from a strong online marketing drive, possibly with the use of a new social media presence. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Accomodation:
BUILDING LAYOUT AND DESIGN
Ugo Cycles operates from a spacious terraced property on a busy road. The business has large branding and signage on display above a glazed, triple frontage. Inside, the main shop and showroom is positioned within the ground floor and this is impressively stocked and presented well with workshop to the rear of the space. The first floor comprises of a private office, toilet facilities and three large storage rooms. There is a lower ground floor which is currently used for storage. All areas are well equipped and presented nicely.



Fixtures & Fittings:
Counter
Bicycle Stands
Racks
Wall Fittings
Tills


Opening Hours:
MON - SAT: 10:00 - 17:30 SUN: CLOSED


Weekly Rent:
£196 Per Week. Weekly Rent:
£196 Per Week.
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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.

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