Mikes Bikes ref 1739

• Price: 20000
• Tenure: Leasehold
• Business type: Other retail

Mike’s Bikes occupies a prominent trading position towards the eastern end of the High Street in the heart of the popular East Lothian town of Haddington. Haddington is a historic market town which lies just off the main A1 routing less than 20 miles east of Scotland’s capital city, Edinburgh. Haddington continues to grow in population with several new housing developments recently completed and many still in progress.

East Lothian is up there with the most desirable locations to live in Scotland and is a mecca for golfers with the courses at Gullane, Muirfield, Archerfield, North Berwick and Dunbar all reachable within a 20-minute drive. The surrounding areas are ideal for and attract cyclists from all over, enjoying the coastal and more demanding inland routes.

Our client has owned and traded ‘Mike’s Bikes’ in Haddington for 35 years and has reluctantly placed the business on the market to allow for retirement. A well-known and highly respected business in East Lothian with strong links to schools and community groups, this opportunity is ideally suited to a cycling enthusiast who can operate the business in a hands-on manner.

Income is derived through the sales of bikes and accessories and through the servicing and repairs of all types of bikes. There is scope to develop what the current owner has already in place and the landlord will grant a new lease for a term that the new tenant is happy with. The property qualifies for 100% business rates relief under the Small Business Bonus Scheme.

Currently open 5 days a week, closed Sunday and Monday.