Profitable Electric Bicycle Retailer, Scottish Borders (Ref 2689)

Leasehold £100,000

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This is a rare opportunity to acquire a profitable electric bicycle retailer with agencies for many of the high quality European manufacturers.

This is a growing sector with global sales up 23% in 2020 and the market expected to grow 200% in next 5 years.

Willow eBikes is an approved dealer for Batribike, Gepida, Corratec, Raleigh, Haibike, Victoria, MBM, LaPierre and Bianchi ebikes. All brands synonymous with top quality, design and value.

Shop and online sales on target for £200,000 in 2021/22.


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Type of business
This profitable e-bike retailer is in the enviable position of having agencies for many of Europe’s leading manufacturers. With average sales values per bike of £1,500 - £2,000 the business is on target to sell well over 100 e-bikes this year. With global demand growing rapidly this is a market where there is no need to discount and good margins are made on every bike sold. The business operates from highly visible premises in the centre of Melrose close to the station. Melrose is also a popular tourist destination and a significant proportion of sales are to visitors who have time to browse while on holiday.
Opening hours
10am - 5pm Monday to Friday and 10am - 4pm Saturday.
Tenure
Leasehold. Rent £600 per month. Current lease runs until 2023 but can be extended. Rateable value only £7,900 so no rates payable.
Premises
The shop extends to 90m2 (957sqft) over two floors with the ground floor being retail and office space and the upper floor being used for storage of bike stock. There are toilets on both floors. The shop has a useful outdoor space for owner’s parking and the display of bikes.
Financial information
This is a growing market sector where only authorized dealers can get significant stock from the manufacturers. This is an easily managed profitable business with low overheads. Net sales expected to be £200,000 in 2021/22. Stock at cost varies but can be £50,000 - £70,000.