Featured Brokers
CONFIDENTIAL
FOR SALE
659961
Located in Berwick upon Tweed, Northumberland, this thriving cycle hire business specialising in electric bikes (ebikes) is now available for sale. It has built a strong reputation and a loyal customer base since its establishment in 2020, thanks to its strategic position on the main street, attracting a steady footfall. Our extensive online presence complements the physical shop, allowing us to sell ebikes and accessories nationwide. In addition to sales, we offer exceptional repair services and ebike hire, catering to a growing number of tourists who flock to nearby attractions such as Bamburgh, Holy Island, and Lindisfarne.
The business has experienced positive growth, with an increasing turnover observed over the years. Our competitive edge lies in the absence of other local providers, making us the sole specialist in this attractive location. Selling primarily due to retirement, the current owner is committed to providing comprehensive training to ensure a smooth transition for the new owner.
Assets and Opportunities
This business comes with a wealth of assets that significantly enhance its appeal: a comprehensive range of accessories is available for retail, along with an established customer database. The location enjoys high foot traffic, signalling a robust potential for growth. The profitable business model is further supported by superior customer service and high-quality product offerings, which solidify our strong brand reputation in the local community.
Moreover, the business boasts an impressive online sales platform, including a strong social media presence that fosters regular customer engagement. Long-term lease agreements contribute to low overhead costs, while tools and equipment required for the operation are included in the sale. The operation is ready-to-go, with all necessary components for a seamless takeover.
Why Invest?
This opportunity is not just about purchasing a business; it’s about acquiring a well-respected brand with a strong foothold in the local market. With no competition in the area, the potential for expansion is significant. The business benefits from year-round operational capabilities and a favourable commission structure, further ensuring its profitability. For anyone looking to dive into the ebike market or expand their existing business, this cycle hire venture represents an outstanding opportunity.
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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