FOR SALE
13/08/21
281063
2689 / Rightbiz
This is a rare opportunity to acquire a profitable electric bicycle retailer with agencies for many of the high quality European manufacturers.
This is a growing sector with global sales up 23% in 2020 and the market expected to grow 200% in next 5 years.
Willow eBikes is an approved dealer for Batribike, Gepida, Corratec, Raleigh, Haibike, Victoria, MBM, LaPierre and Bianchi ebikes. All brands synonymous with top quality, design and value.
Shop and online sales on target for £200,000 in 2021/22.
Business, leasehold interest, fixtures & fittings for sale at offers over £100,000 plus stock at valuation.
Further Information:
Type of business:
This profitable e-bike retailer is in the enviable position of having agencies for many of Europe’s leading manufacturers.
With average sales values per bike of £1,500 - £2,000 the business is on target to sell well over 100 e-bikes this year.
With global demand growing rapidly this is a market where there is no need to discount and good margins are made on every bike sold.
The business operates from highly visible premises in the centre of Melrose close to the station.
Melrose is also a popular tourist destination and a significant proportion of sales are to visitors who have time to browse while on holiday.
Financial information:
This is a growing market sector where only authorized dealers can get significant stock from the manufacturers.
This is an easily managed profitable business with low overheads.
Net sales expected to be £200,000 in 2021/22.
Stock at cost varies but can be £50,000 - £70,000.
Staff:
It is run by a husband and wife.
Opening hours:
10am - 5pm Monday to Friday and
10am - 4pm Saturday.
Premises:
The shop extends to 90m2 (957sqft) over two floors with the ground floor being retail and office space and the upper floor being used for storage of bike stock. There are toilets on both floors.
The shop has a useful outdoor space for owner’s parking and the display of bikes.
Tenure:
Leasehold. Rent £600 per month. Current lease runs until 2023 but can be extended.
Rateable value only £7,900 so no rates payable.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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