Profitable Cycle Hire Business Located at Barnstaple Railway Station on Well Known Tarka Trail / South West Footpath Route
- Train Station car park adjoining
- Self contained office, fully equipped workshop and covered hardstanding within Barnstaple Train Station
- Operating March – October, 7 days per week, 9.15am-5pm, with vast majority of income from bike rental but additional servicing undertaken
- Low cost base with rent of £6,400 per annum and business rates exemption
- Stock comprising of 186 bikes, including e-bikes, and sign written van
- Website included with online booking system
THE ACCOMMODATION(comprises)
GROUND FLOOR
Fenced hardstanding area
RECEPTION
240 sq.ft (22 sq.m) Double entrance doors, counter, skylight, bike display / storage
WORKSHOP
161 sq.ft (15 sq.m) Door to covered hardstanding overlooking station platform, assorted bike repair and servicing clamps, stands and tools.
2 x BIKE STORES
One with mezzanine floor for further bike storage
TOILET
Hand washing facilities
Commercial Funding
Having been in the trade for many years we have established good connections in the finance sector. Our association with these Banks and Commercial Brokers mean that we are able to offer you introductions to competitive finance packages, for a new purchase or refinance purposes alike. Whether it is initial advice on your likely purchase level or if you are at the point of making an offer, you will often be able to achieve preferential rates, possibly saving you thousands of pounds. Please call for more information.
Important Notice
JD Commercial for themselves, and for the Vendors of this property whose Agents they are, give notice that:
- The Particulars are set out in general outline only for the guidance of intending purchasers and do not constitute part of an offer or contract. Prospective purchasers should seek their own professional advice.
- All descriptions, dimensions and areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchaser should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them.
- No person in the employment of JD Commercial has any authority to make or give any representation or warranty whatever in relation to this property or these particulars nor to enter into any contract relating to the property on behalf of JD Commercial, nor into any contract on behalf of the Vendors.
- No responsibility can be accepted for any expenses incurred by any intending purchaser in inspecting properties which have been sold, let or withdrawn.
Property Misdescriptions Act 1993
- All measurements are approximate.
- While we endeavour to make our sales particulars accurate and reliable, if there is any point which is of particular importance to you, please contact JD Commercial and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.
- We do our utmost to comply with this Act in full. However we are also trying to represent our clients’ properties in their high possible light, as such we may use summer photographs to promote some properties.
Viewing
By strict appointment through the selling Agents, JD Commercial, 42 Ridgeway Drive, Bideford, North Devon. EX39 1TW
TEL: (01237) 424053 / 07868 846357 E-MAIL: [email protected]
THE LOCATION
With over 40,000 inhabitants including nearby villages, Barnstaple is a thriving town near to beautiful beaches and countryside, and the centre of North Devon in commerce, culture, education and service provision. It has a wide variety of businesses attracting tourists and permanent residents year-round, including a vibrant and diverse collection of bars and restaurants for evening footfall. Barnstaple is easily reached via the A361 which leads to the M5 at Junction 27, has a station with hourly trains to Exeter at peak times, and Exeter airport is an hour away. The town is rapidly expanding with several new housing and commercial developments currently underway, and more than 5,000 new houses and further economic development planned for the near future. The notable towns of Bideford (9 miles), Woolacombe (14 miles), Ilfracombe (12 miles), South Molton (12 miles) and Torrington (14 miles) are also nearby.
THE SITUATION
The premises are located within Barnstaple Train Station, being an ideal position for collection of bicycles, customer parking as well as giving customers convenient and quick access to the famous Tarka Trail.
THE PROPERTY AND CONSTRUCTION
Comprising of a self contained unit with Barnstaple Train Station configured as reception, workshop, stores, mezzanine store and 2 hard standing areas, with one being covered.
THE PROPOSAL
Our clients are inviting offers for the Leasehold interest, with the property available by way of an assignment of the existing agreement, at a current rent of £6,400 per annum.
THE BUSINESS
The business was established in 1993 with our client having operated for the past 11 years. Current operating season is March – October, 7 days per week (6 days in March), 9.15am-5pm, although this could be extended if desired. Turnover for 2025 was £115,000 with a net profit of £58,000 having paid £25,000 in wages (all staff are part time with the exception of the owners’ partner who undertakes the management of the business). Having a relatively low cost base with a rent of £6,400 pa, the business currently receives 100% small business rates relief with electricity sub metered which last year was approximately £250. Bookings can be made by telephone or online booking as well as walk in trade. With the Tarka Trail being well known in its own right the business also produces 35,000 leaflets which are distributed with a wide of tourist attractions and destinations. The majority of the trade undertaken is by way of daily hire, but multiple days and weekly rentals are also undertaken, with the latter giving enough time to cover the coast to coast route between Ilfracombe and Plymouth. Each bike is fitted with a tool kit and helmets are offered at no extra cost. A bike will typically have a rental life of up to 5 years, e-bike 2-3 years, at which point they are sold. Further income is also derived from bike servicing, which could be further extended out of the main season.
THE STOCK
Any current stock to be purchased at valuation upon completion, which includes 186 bikes, 10 being e bikes, 35 trailers, cycle accessories and a VW T5 Mutivan which is sign written. Stock level estimated at £51,000 although the business vehicle does not necessarily need to be included which makes up £15,000 of the stock value.
THE INVENTORY
The property is sold with an inventory of trade fixtures, fittings and equipment.
ENERGY PERFORMANCE CERTIFICATE
Please contact the agents for a copy of the Energy Performance Certificate and Recommendation Report.