Highly Successful Bike, Skateboard & Biking Accessories Business for Sale Hertfordshire
£67,995
£199,516
£24,705
Overview
Leasehold
2016
- Excellent Reputation
- Friendly & Professional Team
- Very Loyal Customer Base
- Huge Growth Potential
- Wide Variety of Products & Services
This is a brilliant opportunity to purchase a bike business retailing bikes, tricycles, electric bikes, BMX, MTB, skateboards, longboards, stunt scooters, parts and spare. The business is located in Hertfordshire and offers a niche stock of bikes that puts them at the forefront of other competitors.
Alongside their standard B2C sales, the company also offers a B2B website with nearly 40 trade customers registered. They are also operating as a distribution company, supplying other shops and competitors at trade prices via the B2B avenue.
They have a strong relationship with their efficient import agent company which provides fantastic import services with remote warehouse storage and industry-leading fulfilment services.
The company has perfected its business model, with a bespoke ordering system that syncs their website with supplier stock levels, managing over 50K stock items seamlessly. Additionally, they have an exclusive UK dealership for 2 prestigious international products.
The company is extremely profitable, with niche stock and exclusivity within some products and a fantastic business model. The stock is an additional cost in the range of 100,000 -125,000 the vendor open to discussions regarding stock purchase.
Located in Stevenage, this business thrives in a leased 1200 sq/ft premise with fixtures and fittings, including computers, printers, CCTV, and an alarm system. Furthermore, a well-organised stock system is maintained at both the shop and external warehouse locations - essential machinery, particularly tools for bike service and repairs, is also in place. Their excellent website integration streamlines sales, managing 50k+ stock items.
Securing exclusivity as the UK dealership for two renowned international brands, the business stands out in the market. It is proudly VAT, EORI and LEI registered, demonstrating a commitment to regulatory compliance. The establishment's involvement with three cycle-to-work scheme providers further signifies its dedication to promoting sustainable transportation options.
The business is also engaged in the financial realm, maintaining an active commercial stock market investment trading account with a major broker.
Engaging in strategic marketing and advertising initiatives could significantly amplify brand visibility and attract a broader customer base. The untapped market for repair services presents a promising opportunity - capitalising on the strong demand for second-hand bikes could unlock an additional revenue stream. The burgeoning interest in bike rentals offers a chance to tap into a growing market segment.
Expanding services to include finance payment options would cater to a substantial demand, making products more accessible to a wider clientele. While the current turnover is primarily generated from in-store, website, and third-party online sales, there is potential for further diversification.
Exploring B2B trading could open doors to partnerships and bulk orders - delving into the expansive reach of Amazon through established dormant accounts across multiple regions (UK, Europe, USA, Canada, Mexico) would be beneficial.
Features
Key Information
- Sells Online: Yes
- Products Sold: Accessories, Clothing - Sportswear, Other
Reputation
- Google: 5
Online Presence
- Facebook: Yes
- Twitter: Yes
- Instagram: Yes
Location
- City Centre Location
- High Footfall
- Nearby Car Parking
- Limited Competition