Hilton Smythe welcomes to the market Hobson Cycles Ltd. The business was originally established by our client in 2009. The owners then relocated to this location in 2013 to expand the business further. With over 40 years' experience our clients have been able to give knowledge and a high-quality service. The owners are now looking to sell, due to the desire to focus on other interests.
The business runs as a bike shop offering, adults and children's bikes, clothing and accessories in a variety of brands. Our clients also offer repairs in a workshop on the first floor. Hobson's is popular in this location and provides a generous range of stock.
The business generates a turnover in the region of £120,000 per annum, with a gross profit of 46%. This is a well-run store that benefits from a generous amount of repeat loyal trade.
The shop has an excellent online presence with regularly updated social media pages. The business Facebook page has nearly 6,000 followers. This is an exceptional amount and a great way advertising the shop. Also, included in the sale is a business website. This is a great site that advertises all stock available. The site is e-commerce and allows for online purchases. (www.hobsoncycles.co.uk)
The business has a EBay site to allow for further online sales.
This is a fantastic Leasehold opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.
TENUREWe are advised the business is being sold as a Leasehold opportunity.
Original lease length: 2 years
Remaining lease length: 3 years as of 2016.
Rent: £8,000 per annum
HOURSThe business opening hours: -
Monday - Friday: 9:30am - 5pm
Saturday: 10am - 5pm
STAFFThe business is run and managed by our clients, with the help of one part-time member of staff.
FINANCIAL PROFILEThe business generates a turnover in the region of £120,000 per annum.
Gross profit 46%
Hobson Cycles Ltd is located in Walton, Liverpool within Merseyside.
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 Max Spielmann, Iceland, Home Bargains, Heron Foods, Card Factory and a Boots. The shop is also close to Aintree Racecourse, a popular destination which attracts a large amount of footfall and passing trade to the area.
The town was originally home to Goodison Park, the football stadium of Everton Football Club. This was one of the first purpose built stadiums in the UK.
The road on which the business is located is the A59. An arterial road that runs from Liverpool up north to Preston. The town further benefits from great public transport. The town has its own train station and there are two others within walking distance. Directly outside the property is a bus stop with regular daily routes.
Hobson Cycles Ltd is well-signed and looks presentable. There is a large window across the front, this allows for eye-catching displays. The shop is fitted with roller shutters and CCTV.
The property is open plan with shelving on either side. To the back of the room is a glass service counter with computer till and card machine.
On the first floor of the property is a repair room come workshop with benches and tools included. This is a fantastic sized space that is also used for storage. There is also a staff kitchen with wall and base units plus a stainless-steel sink. There is an office used for staff with a computer, desk and printer. This floor also has two WC's with sink.
The business has an online integrated till stock control system. This is linked with the till and website. This costs £13,000 our clients pay £110 per month to have this service. The system was regularly updated and now has a scanner on the till.