Profitable Cycle Repair Workshop with Loyal Customer Base for Sale in Chelmsford, Essex
Chelmsford, Essex
- Status
FOR SALE
- Advert ID
614456
- Leasehold: £35,000
- Turnover: £67,000 (£1,288 per week)
- Profit: £41,000 (62% Profit margin)
Key Features
- Offers Invited
- Fully Fitted
- Retirement Sale
- With Car Park
Business Details
Top rated and Profitable Cycle Repair Workshop for Sale in Chelmsford, Essex
For sale is a long-established bicycle service and repairs workshop, located in Chelmsford, Essex.
This well-running business is located in a small industrial estate close to the city centre and offers ample car parking facilities. Known for its friendly and knowledgeable staff, this cycle repair and service shop has earned a large, loyal customer following over the years and continues to attract new business.
The store has been successfully operational for a total of 16 years and has demonstrated consistent turnover. Currently, the business is boasting a turnover of £67,000 with a profit margin of £41,000. The price set for this business stands at £35,000 and is open to negotiation and potential offers. A new ownership hand-over period, to ensure a smooth transition, is also negotiable.
Included in this sale are all fixtures and fittings associated with the store. This encompasses workstands, workbenches, a comprehensive range of quality tools, and a variety of stock necessary for the daily operation of the workshop. Trade valuation of assets and stock is in the region of £17,000.
The business also comes with Trade Accounts under all leading UK Distributors a Website and Facebook page.
For those interested to know more or those desiring a complete rundown of the business, contact information is available upon request.
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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.
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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.
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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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