Hilton Smythe welcomes to the market Yarm Cycles. The business was originally established in 1977 and was taken over by our client in 1979. Our client has run the store to an exceptional standard but is now looking to sell, due to the desire to take a well-deserved retirement.
The business runs as a bicycle retailer, offering accessories, repairs and maintenance. The store stocks a variety of purpose built bikes, this includes mountain bikes, road bikes, children’s bikes and electric bikes. The store is also a main independent dealer for Giant branded bikes in Teesside.
Products can be bought in store or via the e-commerce website. () This is a great site that lists all products available. The site is also easy to use and looks presentable.
The business generated a turnover in the region of £94,000 as of the 2015 accounts, with a gross profit of 27%. This is a good turnover, with potential to increase this figure. We feel the purchaser could look to extend opening hours and open 7 days a week. This would maximise the amount of custom each day.
The store already has a Facebook page which has over 80 followers. We feel with further marketing and advertising the business could benefit from more trade from surrounding towns. The shop is well-known in Yarm and receives a generous amount of repeat loyal trade from locals that live in the area.
This is a fantastic Leasehold opportunity that would be perfect for a husband and wife team, or partnership. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
Yarm Cycles is located in Yarm, County Durham.
The business is situated in a residential location, to the back of the main high street. The high street is a bustling location with a plethora of retail outlets. The bike shop receives much of its trade from the locals and benefits from great on street parking facilities. The shop is amongst some industrial style units, which attract trade to this location.
Yarm is a market town with the River Tees flowing through it. Yarm is a scenic town with lots of character and history. There are several landmarks including Yarm Viaduct and the 18th century town hall.
The town has great public transport with bus stops within walking distance and a train station approximately 1.2 miles away. Durham Tees International Airport is also close by. The A66 and A19 run either side of the town, these major a-roads connect to the national motorway networks.
Yarm Cycles is situated in a large unit. The property is well-signed this is clearly visible to passing trade.
To the front of the shop is the serving area, with till and card payment machine. The repairs workshop is also in this area with some shelving for the retail accessories and storage for the workshop. Across from the till area is a toilet, kitchen and changing room.
From the serving area, the shop opens into a large open plan retail area with display stands, and shelving for the bicycles and accessories. Centre displays fill the room. To the rear, a wall has been built which offers storage behind for packaging.
Equipment included in the sale includes: -
All fixtures and fittings
We are advised the business is being sold as a Leasehold opportunity.
New lease available to negotiate.
Rent: £8,500 per annum.
The business opening hours: -
Tuesday: 10am – 5:30pm
Wednesday: 10am – 5:30pm
Thursday: 10am – 5:30pm
Friday: 10am – 5:30pm
Saturday: 9am – 5:30pm
The business is run and managed by our client and their partner.
The business generated a turnover in the region of £94,000 as of the 2015 accounts, with a gross profit of 27%.