A Long Established Bicycle Business And Shop For Sale.
BUSINESS OVERVIEW
Business Description:
Located in East London this family-owned business has been trading since 1994
This business stocks a wide variety of leading bicycle brands, accessories, clothing, spares and supplements that caters for all cyclists.
In addition, the business provides both major and minor bike services to its customers.
The value in this business lays in the stock on hand which is INCLUDED in the asking price and is bought and paid for.
All Assets that are currently utilized by the business are INCLUDED in the Asking price as well
Due to serious health complications the Seller has been unable to drive and grow the business as it was doing in the past and is now in the unenviable position where they have no alternative but to sell the business.
The new owner can begin trading immediately and with a decent marketing strategy will be able to take the business to new levels of success.
The seller will provide a proper handover and training period for the new owner.
Popular, priced to sell and long established this business is perfect for any cycling entrepreneur who wants to peddle themselves into a successful future
Annual Turnover:
R2 922 447 (Aug 2023)
Operating Net Profit (EBITDA)
+-R212 883 (Aug 2022)
Assets:
+-R100 000 (Included in the Asking Price).
Rent per Month:
+-R 26 806 per month
Vat registered:
Growth Potential:
This business has an already established client base, thus expansion possibilities include the expanding of the current client base even more, opening of additional branches in other areas, Online sales, creation of a website and an improved marketing campaign
MORE DETAILED FINANCIAL INFORMATION IS AVAILABLE BUT WILL ONLY BE PROVIDED TO SERIOUS QUALIFIED BUYERS AT A TABLE TOP MEETING AND ON COMPLETION OF A NON DISCLOSURE AGREEMENT
Business Type
Bicycle Business / shop.
Asking Price
R1 850 000
Stock on Hand
+-R1 500 000 (Included in the asking price
PROVINCE
CITY
East London
Premises:
Leased (landlord approval will be required)
Trading Hours:
Mon to Fri: 08h30 to 16h30 Sat: 08h30 to 12h30 Sun: Closed
Staff Compliment:
3 x Full time employees (Owner works Flexi time)
Buyer Profile:
This business will suit a husband-and-wife team / family or another similar type of business that is looking to expand their current business footprint or a person / entrepreneur who is looking to become the master of their own destiny.
Full training and support will be provided by the seller to the new owner.
Reason for selling:
Health Reasons.