Giant Glenelg

$349,000 + SAV ($150,000 approx.)

Web ID: R2387

Business Description

At a Glance

  • Leading global bicycle brand
  • Licensed brand protection
  • Operates 6 days per week
  • Attractive lease on offer
  • Ideal high exposure location

As a retailer of a leading global brand of bikes with high exposure to cyclists & the visitors of Glenelg, this business is easily found on Anzac Highway with off street staff parking & rear delivery access to the secured/monitored premises.

Offering brand protection as a licensed Giant agent of mountain bikes, road bikes, E bikes, children’s bikes together with a variety of parts & accessories, all areas are showing strong returns.

A fully equipped workshop ensures servicing & repairs can be done in house. With current staff consisting of a manager, two mechanics & two sales staff (one for weekends only), excellent Google reviews & a solid following in the cycling fraternity, servicing & mechanicals could be expanded to after hours & Sundays.

As Australia’s largest wholesaler, Giant support includes online training platforms for new models & products, purchasing discounts, stock priority & best practice reference material.

The staff & business model have been optimised over 38 years of trading & have cemented Giant Glenelg as one of Adelaide’s premium cycling centres & workshops.

 

Paul Windle 0410 394 254


Extended Price Information

Goodwill including Plant & Equipment $349,000
Stock at valuation (approx) $150,000
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$499,000


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Staff Summary

The staff consists of 5 employees incl. Manager, Mechanic, & Sales assistants.

Lease Summary

Current Rent $5,950.00 per month + GST
Lease Term 5 years
Lease Commencement Date of Settlement
Right of Renewal 2 x 5 years
Outgoings Paid by tenant
Adjustments CPI annually & to market at renewal
Bank Guarantee Equivalenet to 3 month's rent + GST & Outgoings

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