Project Hart
An opportunity to acquire the business and assets of an established bicycle retailer and workshop based in Dorset.
Key Business Assets
- Stock comprising bicycles, clothing and accessories
- Repair workshop with excellent reputation and which equates to c25% of annual turnover
- Loyal customer base
- Operates from leasehold premises
- 5 loyal employees
Executive Summary
- Business incorporated in 2011
- Retailer of all types of bicycle – road, electric, mountain, hybrid and children’s
- Dedicated repair workshop
- Excellent reputation within cycling community
| Financial Summary | FY23 (Stat) £’000 |
FY22 (Stat) £’000 |
FY21 (Stat) £’000 |
| Turnover | 750 | 714 | 978 |
| Gross Profit | 293 | 247 | 272 |
| Net Profit / (Loss) After Tax | (4) | (12) | 3 |
| Total Assets | 440 | 378 | 349 |
| Total Liabilities | (433) | (367) | (326) |
| Net Assets / (Liabilities) | 7 | 11 | 23 |
Sale Process and Further Information
Should you wish to obtain access to the data room on this opportunity please contact the below Hilco representatives to receive an NDA. This will be issued by FRP, the Company’s proposed Liquidators.
Terms and Conditions
No warranties, express or implied, are provided in relation to any information or statements made in connection to this opportunity. The information contained herein, and within the project dataroom, has not been verified by Hilco and prospective purchasers must undertake their own due diligence to satisfy themselves as to the accuracy of all such information and any statements made. Hilco’s full Terms and Conditions apply. Hilco acts as agent for the Vendor who offers for sale only such right, title and interest the Company possesses in the assets.
