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Vintage Bicycle Shop in Edgware London, Operating Since 1980, Now for Sale

Edgware, London

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    07/09/21

  • Advert ID

    282388

  • Leasehold: £40,000
  • Rent: £14,000
  • Turnover: £250,000 (£4,808 Per week)
  • Net Profit: £100,000 (40% Profit margin)

Key Features

  • Adjacent to Multiple Retailers
  • Attractive Business
  • Small Business
  • Town Centre location
  • High Turnover
  • Close to Local Amenities
  • Accounts Available
  • Prime Location
  • Price Reduced
  • Unique Business
  • Fully Fitted
  • Planning Consent Available
  • Established Business
  • Offers Invited
  • New Lease

Business Details

Established Edgware London Bicycle Shop, Established Since 1980

Unique Business acquisition opportunity to work as a proud owner of a bicycle shop, the oldest bike shop in Edgware, on the sale of the business.

Edgware Cycles was established in 1980, making it Edgware’s oldest bike shop. Now run with a personalised approach by a professional team, the shop has become a destination for seasoned cyclists and beginners alike, as well as a place to bring any bicycle for repair and services.

Edgware cycles is a well-known local well-known brand among cyclists of all kinds and ages.

The business is run from a fantastic, purpose-built and fitted retail unit on a small parade of shops just yards from The Broad walk Shopping Centre and among all the local Cycle routes, which makes it a perfect location to call into on your cycle!

A small independently run cycle shop, service and repair centre, and a box bike assembly in-store by experienced technicians. We carry around 80-100 bikes in stock on display and have a place to store 30-40 bikes and lots of accessories and tyres wheel etc. We have recently started Electric cycles and scooters and had a very good local response.

We are an authorised dealer and supply some top name brands in the bikes world such as.

Claud Butler.
EMU - Electric - Exclusive supplier.
Batribike-Electric.
Dawes.
Forme.
Raleigh.
Roux.
CBC.
Romet.
Probike.
Python.

We are really not an ordinary bike shop; the custom-built optimized website and social media presence make us very unique among our competition and give us. Electric bikes as well as scooters, new and secondhand bikes.

Viewing is strictly by appointments made via our offices by email or phone.

Read more

Map

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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.

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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.

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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.

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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.'.

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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.

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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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