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Retail premises for sale

£25,000

12 Park Square, Northampton NN5

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Property description

Business
The Bikeshed is a friendly, family owned independent bike shop, which has been successfully run by the current owners for over 18 years and is well established in the local community and surrounding areas.

The business has built up an enviable reputation for bicycle repairs and maintenance, supplying spares as well as sales of new and used cycles and equipment to suit all budgets. The shop stocks a wide range of bikes including well-known brands such as Raleigh, Dawes and Merida to name a few.

This is a rare and exciting opportunity for new operator to take this site to the next level, building upon a strong local reputation as well as introducing new lines to the business and putting their own spin on things.

The business could be expanded to offer a mobile repair and delivery service as well as expanding the online footprint and e-bay possibilities to increase turnover and profitability.

This is a turnkey business opportunity and would suit anyone who is a cycle enthusiast and has been priced to be an affordable operation for the purchaser.

A very rare opportunity.

Location
The Bikeshed is situated within Park Square shopping precinct in Northampton.

The shop is surrounded by additional businesses with the entire development now earmarked for refurbishment by the borough Council. The site has the benefit of being easily accessible with plenty of free on street parking around as well as the shop having a separate rear entrance for customers and deliveries.

The centre is surrounded by residential dwellings in a sought after part of Northampton.
Premises
Mid parade unit circa 91sq m.

Located within a row of retail shops the site is spread over one floor and includes a large workshop with rear access for deliveries and parking.

Shelving, display racking and all shop fixtures and fittings are included.

The current owners are also happy to discuss the possibility of tools and machinery being purchased by the new operator by separate negotiation.
Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £375 per month to Northampton Borough Council.

There are no rates payable.
Hours
The opening hours are currently:-

9am to 5pm Tuesday to Friday,

9am to 4pm Saturday,

Closed on Sunday and Monday.
Staff
The business is run and managed by the current vendors.
Financial profile
We are advised the business is currently turning over in the region of £44,000 per annum.

Bikes and stock by separate negotiation with a value at circa £30k.

What Zoopla users think of Northampton

Overall rating:

  • currently 4 stars
Very good - 75% (202 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Northampton (1.4 miles)
  • Long Buckby (7.5 miles)
  • Wellingborough (10.8 miles)
  • Coventry Airport (24.9 miles)
  • London Luton Airport (35.3 miles)
  • Birmingham International Airport (37.6 miles)
  • Kew Pier (59.7 miles)
  • Richmond St. Helena Pier (61.0 miles)
  • Richmond Landing Stage (61.2 miles)

Nearby schools

View all schools in Northampton
  • Kings Heath Primary Academy (0.1 miles)
  • St Mary's Catholic Primary School (0.3 miles)
  • Earl Spencer Primary School (0.6 miles)
  • Bosworth Independent College (1.1 miles)
  • Progress Schools Ltd (1.6 miles)
  • St Andrew's College (2.3 miles)
  • Northgate School Arts College (0.8 miles)
  • Cambian Northampton School (0.8 miles)
  • Northampton International Academy (1.2 miles)
Note: Distances are straight line measurements

Local info for Northampton

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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