Businesses For Sale
Retail
Cycle Sales & Repairs
Sunderland
£95,000 (Leasehold)
REF: NE2229
Location
The premises are located at the junction of High Street West with John Street and Bedford Street, in the heart of the City centre. Sunderland has enjoyed high levels of investment over the last 5 years with improvements to infrastructure and the creation of Keel Square and the cultural quarter.
Business
This business was established in 1982 and has now been placed on the market as the owner is planning for retirement. This is a highly reputable business that offers a broad range of cycles, electric bikes and scooters with a customer base that includes both adults and children.
In addition to traditional brands and manufacturers, the shop has exclusive agencies for the sale of Raleigh, Ghost, Lapierre, Hai Bike, Kona, Stomp Motorcycles, Merida plus Revvi electric bikes for children. This draws high volumes of customers into the shop, with models often oversubscribed running up to Christmas. The owner runs a Christmas club which has around 500 members every year and the shop is also a click and collect centre for Brompton bikes.
Adjacent to the main showroom there is a separate service and repair area with extensive stores in the basement which allows the current owners to buy bulk.
This is a rare opportunity for a motivated owner operator to acquire and reposition an already reputable and successful business. Viewing is recommended.
Premises
Comprises a ground floor lock up retail unit with basement stores. Accommodation:
Ground Floor
Retail Unit 1,100 sq.ft. (103 sq.m.)
W.C.
Basement 1,980 sq.ft. (184 sq.m.)
Stores
Trading Hours
Sunday closed
Monday - Tuesday 9.30am – 5.00pm
Wednesday closed
Thursday – Saturday 9.30am – 5.00pm
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Staff
The business will be sold free of staff.
Rates
The premises are assessed as follows:
Rateable Value £15,500
Tenure
A new lease is available at a commencing rental of £16,800 per annum (£1,400 per calendar month). Full details on application.
EPC
Rating TBC.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations, the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.
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