Sold
Well Established Bike Shop For Sale
Bristol,
- Asking Price: £94,995 +SAV
-
Turnover:
Further financial information can be made available upon request.
Please quote reference B06892
- Tenure: Leasehold
Please quote reference B06892
Hilton Smythe welcomes to the market Rollquick Bicycles. The business was originally established by our client over 10 years ago. With many years’ experience in the industry our client has been able to provide knowledge and a high-quality service to local and passing trade. The owner is now looking to sell, due to concentrating on other business ventures outside of Bristol.
The business runs as a bike shop offering adults and children’s bikes, clothing, and accessories in a variety of brands, our client also offers repairs. Rollquick Bicycles is a popular destination in the area as it is only 1 of 2 bike shops in the area and who provides a generous range of stock.
This is a well-run store that benefits from a generous amount of repeat loyal trade along with a generous amount of passing trade to the area.
Reasons to buy -
- Very large customer base (currently 6675 customers)
- Extremely busy workshop
- One of the highest rated shops in Bristol (see google reviews)
- Located on one of the busiest commuter routes in Bristol
- No other local bike shops in the area
- Well known and good local support with customers
- Won numerous awards
- Scope for further development
- Well established business
- Cross over period with advice and hands on help can be given for the first month of purchase
The Business has been built up from scratch over the last 10 years, and now boasts an enviable reputation of thousands of customers, with keen knowledge in the industry and looking into current trends the online presence has improved over the last year and as a result keeps up with demand.
Servicing is a large part of the business which is extremely busy currently with waiting times roughly a couple of months and that’s with 2 mechanics working full time. The business benefits from being upto date with all relevant tools in the workshop and stands that are needed to complete any manor of task.
The shop has an excellent online presence with regularly updated social media pages. The business has a large Facebook following, which is ever increasing. Also, included in the sale is a business website, this is one of the many ways the business shows the stock option available along with the social media platform. The site also allows for online purchases. (https://www.rollquick.co.uk/)
Included in the sale of the business is everything that can been seen on pictures attached including the following:
All Stock
- Full workshop set-up
- Full customer list (currently 6675 customers)
- Optional crossover period with current owner
The business is run and managed by 2 full time and 1 part time staff member.
The business trading hours are:
Monday - Closed
Tuesday to Saturday - 10:00am - 18:00pm
Sunday - Closed
The business is located on a busy main road amongst ample retail outlets. The area has a range of independent and big named brands, this includes greengrocers, key cutters & shoe repairs, furniture store and a barber, along with many more.
The business is based on Gloucester Road which is one of the busiest bike commuter routes in bristol.
The area is served by several A roads and the M32 connects the city to the national motorway network, via the M4 and M5 motorways, offering easy access to all areas.
The business is briefly comprised of the following:
The business is separated into a retail space at the front and in the middle room. Out the back is a large workshop with a generous amount of space for stock/bikes etc.
There is a Separated office and toilet, to the back of the shop there is a service counter with a computer till and card machine.
The business also has space out the back of the premises.
Tenure
We are advised the business is being sold on a Leasehold basis with 3 years remaining on the Lease, the rent is £775 per month.
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