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Derbyshire Cycle Shop Specialising in Repairs, Sales, and Custom Frame Building for Sale

Undisclosed, Derbyshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    26/04/21

  • Advert ID

    275673

  • Leasehold: £300,000 (Stock at valuation)
  • Rent: £3,000
  • Turnover: Not Applicable
  • Net Profit: £50,000

Business Details

Cycle shop specialising in all types of repairs and sales

Cycle shop specialising in all types of repairs and sales, including frame building, frame repairs and frame resprays.

Selling due to retirement.

Selling price excludes stock at value (currently approx. £8000.00)

Selling price includes equipment but there may be an option by negotiation to exclude some equipment so that the business can be run as a more traditional cycle shop with the addition of frame painting.

Established in 1979 with a national reputation.

Based on the main Chesterfield Road, which is the main road linking Sheffield and Chesterfield.

Close to Dronfield town centre.

Rented property including two workshops, paint room, oven room and lobby.

Strong, well-established customer base locally and throughout the country.

Business run by the owner (sole trader).

No current employees.

Read more

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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.

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