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Iconic Bicycle Retail Store In Port Elizabeth For Sale

Port Elizabeth, Eastern Cape, South Africa
Asking Price:
R750,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

This Iconic bicycle store has been around for many years, established in 1968. Many past generations will fondly remember buying their first “bike” from this store. This store has been modernized complete with architecturally designed shop fittings and layout. The store fully set up and offers both beginner and serious cyclists to get all their bicycle needs be that buying or servicing.

Included in the sale is the start of the art e-commerce website, which receives weekly orders online.

No cost has been spared in this business and the sale includes a Point of Sale system as well as strong relationships with existing suppliers.

The current owner has emigrated and this has created an excellent opportunity for a vibrant buyer with a love for cycling to buy this business.

The business truly offers endless potential. If you are a bicycle enthusiast and looking for your own business then this will tick all the boxes.

To find out more about the business turnover and financial position make contact with the listing broker.

Property Information

Real Estate:

Lease

Lease Terms:

The landlord is willing to reduce current rental.

Location:

Current lease ends August 2020.

Business Operation

Trading hours:

Thursday 8:30 AM–5:30 PM
Friday 8:30 AM–5:30 PM
Saturday 9 AM–1 PM
Sunday Closed
Monday 8:30 AM–5:30 PM
Tuesday 8:30 AM–5:30 PM
Wednesday 8:30 AM–5:30 PM

Employees:
3 (1 x Manager front shop, 2 x mechanics)
Years established:
5 years.

Other Information

Inventory / Stock value:
R700,000

Contact Information

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