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Established Bicycle Shop & Repair Workshop for Sale in Prime London Location

Whitechapel, London
We Love Cycles, Bicycle Shop And Repair Workshop In London For Sale Photo 1
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We Love Cycles, Bicycle Shop And Repair Workshop In London For Sale
  • Status

    FOR SALE

  • Date Submitted:

    22/10/21

  • Advert ID

    284853

  • Leasehold: £95,000
  • Rent: £34,000
  • Turnover: £250,000 (£4,808 Per week)
  • Net Profit: £50,000 (20% Profit margin)

Key Features

  • Company for Sale
  • Fully Fitted
  • High Turnover
  • Accounts Available
  • Offers Invited
  • Established Business
  • Prime Location

Business Details

We Love Cycles, Bicycle Shop And Repair Workshop In London For Sale

BICYCLE SHOP & REPAIR WORKSHOP FOR SALE IN LONDON

It is a well-established bicycle, electric bicycle and electric scooter sales and repair company. We operate on the busiest London cycle superhighway connecting the two major financial districts and running from east to west London, making the organisation's location ideal for cycling commuters.

Business is both a repair workshop and a store. We sell all accessories and essentials for bikes and scooters such as lights, helmets, locks, and much more. Our workshop comes equipped with the best and complete set of tools supplied by Park Tools, which have high resistance to wear and tear.

The store also houses our Legal team, a growing organisation and helps get cyclists injured in car accidents, fully compensated by our team of lawyers in partnership with CAMS.

Along with our three trading names, we also have online sources of revenue from our three websites, from which we supply bikes, e-scooters and their respective components. We also possess other domain which adds to our income source. We do a lot of our outreach on social media such as Facebook and Instagram, where we have several followers and customers.

The store has set up a secure method of purchasing and exchanging second-hand bikes from which we make a greater return. The organisation also comes with our collect and return service and company vehicle, which we use to collect and repair bikes in London zones one and 3.

The business is for the leasehold value of £95,000 with annual payable rent of £34,000.

The premises of business have outstanding storage capability, especially for its highly sought-after location just five minutes walk from the City of London. It even has a free neighbouring car park for our staff and is close to major underground stations such as Aldgate East and Whitechapel Station.

For more information, please get in touch with us by email(available on request).

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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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