Cycle Servicing, Repair, & Sales Business with Accessories in Paignton Devon for Sale
Paignton, Devon
- Status
FOR SALE
- Advert ID
629089
- Reference
CY36297N / Rightbiz
- Call Agent:
- Leasehold: £45,000
- Turnover: £127,567 (£2,453 per week)
- Net Profit: Not Applicable
Business Details
CYCLE SERVICING, REPAIR, & SALES PLUS ACCESSORIES
Respected CYCLE SERVICING & REPAIR outlet, also offering CYCLE SALES & ACCESSORIES, situated in desirable TORBAY resort on the SOUTH DEVON coast. Occupying high profile, easily accessible, main road trading position within sought after busy shopping parade, which is also host to national retailers. Situated a short distance from famous sandy beaches, attractions, and holiday accommodation, bordering popular residential areas with very limited competition in the area.
Fantastic premises presented and fitted out to the highest of standards at considerable cost, deceptively spacious, occupying a substantial site. Benefiting from substantial glazed double frontage, attractive retail area, immaculate workshop complete with pneumatic bike work stands, storeroom & cloakroom. Large self-contained flat above, offers sitting room with sea glimpses, kitchen, 2 bedrooms, bathroom. Masses of outside space, south facing roof patio also with sea glimpses, single garage, parking for 5/6 cars. Favourable overheads, rent for whole property £883 per month, currently receiving £800 per month for flat, zero rates.
Established business approaching 15 years, benefiting from being a Bosch Service Centre, drawing trade from a wide catchment area with a great deal of regular and repat custom ensuring ample work in hand at any one time with a variety of service plans offered. Income 2024 £137,167 ex Vat, Gross Profit £87,865, low overheads ensuring a profitable business, especially to owner operators. Offers excellent foundations to build on current levels of successful trade through attending events and linking up with clubs.
Leasehold £45,000 sav, Ref: CY36297N
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
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Listing Statistics
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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.
Be safe, use a Rightbiz Solicitor
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