Bikebug is the only established bike shop within the charming coastal town of Nairn and has been trading continuously since 1991. The business operates to a very high professional standard providing a full range of bike sales and services. This very popular business has a strong reputation, enjoying a customer base from across the region which is supplemented with the influx of tourists who enjoy the beautiful Moray seaside and array of attractions in the area.
The shop is a busy, yet simple operation meeting a most specific need within its trading location. This business model would ideally suit a first-time entrepreneur looking to run their own business and take the business to the next level. The premises offer spacious and flexible trading areas. New owners who wished to expand the business further or diversify have sufficient space to do so. The net internal area extends to around 135m2 and includes open retail areas, servicing workshop and good staff spaces.
The current owner /operators took over the business in September 2012 and it is their desire to retire and pursue less rigorous interests that bring this attractive and established business to the market.
Bikebug is a charming business which has a successful trading pattern and is set within an attractive working space off the High Street of Nairn. The shop benefits from 3 main trading income streams; bike and ancillary sales, repairs and servicing, and rentals. Sales include a wide range of cycles, including electric bikes, full selection of cycle clothing, helmets, lights, luggage and other accessories. In addition the shop sells energy drinks and bars. The sale of gift vouchers is also popular especially at Christmas. The fully equipped workshop allows for expert servicing and repairs and accounts for 25% - 30% of business income. The shop has a great reputation locally and the vendors pride themselves on their service levels; turnaround time for servicing is usually 24 hours with smaller jobs being completed on the same day. The hire of bikes normally takes place during the spring and summer seasons and includes all safety equipment. This diversity in trade ensures that the business is sustainable whilst offering an excellent service to the local population and to the many tourists who visit the area in the main season (Easter to October). The current owners trade the business on a fairly leisurely basis opening 3 days during January and February and 5 days for the rest of the year. The business trades with no additional staff and routinely operates with one only of the owners providing customer service.
Turnover sits at c£114,000 (31 March 2016) and is represented approximately as: Sales - £77,000; Repairs - £34,000; Hire - £3,000. The net profit sits at c£30,000. The vendors believe there is scope to extend trading hours and therefore increase turnover. Additionally, the business has a one-page website and with more dynamic marketing our clients are confident that further trade could be generated.
Bikebug is located in the town centre of Nairn which is a popular residential town with many local amenities including a modern cottage hospital, varied shops and supermarkets, Post Office, hotels, restaurants and primary and secondary schools. A popular holiday destination since Victorian times, Nairn has a host of features which continue to draw in tourists such as sandy beaches, riverside walks and the promenade with fantastic views over the busy harbour across The Moray Firth. Nairn is a popular town for cycling families with the surrounding countryside providing excellent on and off road riding for both the leisure and the more dedicated cyclist. Nairn East beach stretches for miles all the way along the coast to Findhorn. The town is home to the world-famous Nairn Golf Club and also Nairn Dunbar Golf Course, another highly-rated championship course. Nairn is sixteen miles from the Highlands capital city of Inverness where an even wider range of facilities are available along with excellent cultural, educational, entertainment and medical facilities. Communication links include railway and bus stations plus Inverness Airport (9 miles) is well connected to other UK and overseas destinations. The Scottish Highlands are a magnet for lovers of the outdoors with easy access to the winter and summer sports playgrounds of The Cairngorms National Park.
The property extends to c135m2 and is situated over a single ground floor unit with street level access off a pedestrian walk-way. The business is located off the main carpark in the town. Entry to the shop is via a double door where customers enter into the main sales area where service counter and till point are located. This first area is set to a wide variety of sales items. To the left of the reception area is a room where an excellent range of bikes, including electric bikes, are displayed. To the rear of the shop is a further area set to displaying bikes, tyres etc. A further space is set up as a repair and servicing facility with a work bench, spares area and steel shelving units.
Internally the property has ladies and gents toilet facilities plus there is a separate W.C. In addition there is a staff kitchen and utility area. All areas are spacious with excellent lighting.
January / February: Thursday, Friday, Saturday - 10am to 4 pm.
March to December: Monday, Tuesday, Thursday, Friday - 9:30am - 5pm and Saturday 9:30 am to 4 pm.
The premises are connected to mains water, electricity and drainage services.
The business benefits from 100% Small Business Bonus Scheme.
Offers over £15,000 are sought for the assignation of the lease and to purchase all fixtures and fittings plus trade goods as seen. Stock will be purchased at cost.
Rent is currently £6,500 (2017). Full details of the lease will be made available to interested parties post viewing.