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Retail premises for sale

£37,995

109 Friary Road, London SE15

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Property description

Business
Hilton Smythe are delighted to present to the market Jozefs Cycles and Repairs, established by our client in 2009 and now offered for sale due to his wish to relocate.

The much-loved business offers bike sales, bike parts and accessory sales and repairs.

The businesses loyal customer base includes families, students, professionals and lots of commuters into the city. Sought after location and very good lease terms available.

The business previously enjoyed 50% of turnover of sales of bikes and is a main supplier for English bikes including Raleigh, Claud butler and Shimano, including a large range of parts and some second-hand bike sales. 50% of turnover generates from the repair of bikes onsite.

Our client currently repairs 15 bikes per day in the summer and 8 bikes a day in the winter by himself.

Opportunity to grow the sales side could easily be achieved through increasing the current shop stock, adding more accessories, linking to local bike clubs, adding new staff, new advertising, leaflet distribution and using the pavement area for displays.

Solely run by our client with some help from his wife, the shop operates on a customer appointment opening time only. Adding a retail full or part time person with longer and more consistent opening times would help increase passing trade.

Handover period offered.

Would suit 2 bike repairs people looking for their own business with retail.

Location
Jozefs Cycles & Repairs is well positioned on Friary Road, Peckham, London.

The ground floor shop unit is a part of an eclectic mix of independent retailers and cafes on the street including traditional brick built Victorian terraces.

Peckham is a district of south east London, 3.5 miles southeast of Charing Cross undergoing extensive redevelopment including new residential projects, new offices and improved transport links into central London.

The business is fortunate to come with free customer parking directly outside.

Premises
Jozefs Cycles & Repairs is well positioned on Friary Road, Peckham, London.

The ground floor shop unit is a part of an eclectic mix of independent retailers and cafes on the street including traditional brick built Victorian terraces.

Peckham is a district of south east London, 3.5 miles southeast of Charing Cross undergoing extensive redevelopment including new residential projects, new offices and improved transport links into central London.

The business is fortunate to come with free customer parking directly outside.

Tenure
We are advised the business is on a rolling yearly renewable lease paying just £6,000 per year, current business rates are exempt.

Hours
Appointment only.

Staff
Just the owner with help of his wife.

Financial Profile
£68,610 turnover with net profit of £11,006.

What Zoopla users think of SE15

Overall rating:

  • currently 4 stars
Very good - 78% (215 ratings)

Ratings breakdown:

  • currently 4 stars
Community & safety
  • currently 4 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
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  • currently 0 stars
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  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
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  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
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  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
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  • 4
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Nearby transport

  • Queens Road (Peckham) (0.4 miles)
  • Peckham Rye (0.6 miles)
  • South Bermondsey (0.8 miles)
  • London City Airport (5.5 miles)
  • London Heathrow Airport (17.1 miles)
  • London Gatwick Airport (23.4 miles)
  • Greenland Pier (1.8 miles)
  • Masthouse Terrace Pier (2.0 miles)
  • St Katharine's Pier (2.0 miles)

Nearby schools

View all schools in Southwark
  • Harris Primary Academy Peckham Park (0.1 miles)
  • St Francis RC Primary School (0.2 miles)
  • Camelot Primary School (0.2 miles)
  • Bellerbys College London (1.9 miles)
  • King's College London Maths School (2.4 miles)
  • City Gateway 14-19 Provision (2.4 miles)
  • Harris Academy Peckham (0.5 miles)
  • Tuke School (0.6 miles)
  • The St Thomas the Apostle College (0.6 miles)
Note: Distances are straight line measurements

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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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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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