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Lot 1: High End Bicycle Business Opportunity

Item information

Description

Marriott & Co. are seeking a buyer to purchase the business assets of a popular and specialist road bicycle sales and servicing business, located in the South East of the UK within the M25. This is a successful business that has made considerable investment into ensuring it is at the forefront of bicycle fitting, training and sales within its community and beyond, in what is an ever-growing market. 

Established twelve years ago, the business has built up a loyal following within its locality, able to service all their customers’ bicycle needs under one roof, from repairs and bicycle fitting to custom builds and personal training. 

The rented business premises consist of a showroom, workshop, fitting room and training room (as well as kitchen, shower & toilet facilities and considerable storage space). It has been refurbished to a high standard and encompasses a trendy retail space. Further, the business shareholder owns the premises freehold meaning that a transfer of the premises lease to a buyer of the business will be possible. The shop is ideally located on a main road, near the town centre and can cater for both inner-city and outer-city cyclists. 

The shop stocks high end and renowned bicycles and accessories, including three premium main stream brands as well as being the sole UK trader of some other popular USA brands. Existing stock also includes various clothing, helmets, nutrition products, GPS systems and accessories. The shop has been efficiently managed and the vast majority of remaining stock is therefore fast moving. 

The business has created an attractive brand, building a following on its social media pages and establishing an interactive and customer friendly website. It also prides itself on its excellent customer service, evidenced by its positive reviews online. There is no doubt that this business poses a great opportunity for a prospective new owner. Turnover for the current financial year is expected to be in the region of £450,000. 

Should you have any interest in this opportunity then further information (a business prospectus, assets inventory, financial statements etc.) is available once a Non-Disclosure Agreement (NDA) has been signed. 

Interested parties should be in touch by email to sales@marriottco.co.uk, and, if appropriate, we will send you a NDA. 

 

All bids are made in accordance with our conditions of sale.

Other info

Please read the terms & conditions before you bid on this item.

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