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Top Corporate Cycling Events Business in Surrey with Steady Revenue and High-Profile Clients

Undisclosed, Surrey

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    29/12/22

  • Advert ID

    505683

  • Reference

    INT2383 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £895,000
  • Turnover: £360,000 (£6,923 Per week)
  • Net Profit: £144,000 (40% Profit margin)

Business Details

Corporate Cycling Events Business with Existing 'Top Table' Corporate Client Base


    The business for sale is a profitable corporate cycling events company that covers the UK and Europe. Their 'Top Table' regular client base includes the likes of Rothchilds, BP, KPMG, Aviva, and a number of fully invoiced charity clients.

    Cycling is the new golf from a corporate away day and networking perspective and has risen exponentially in the last 5 years. Alongside its events arm, the business also offers a bike hire service from its showroom in a prime location, with over 1,000 bike hires per annum taking place.

    The business operates from a leasehold premises, currently expiring in 2031, assignable subject to a rent of £12,000 pa.

    This bespoke cycling events business offers a flexible and personalised service working in partnership with regular repeat clientele whether corporate, private, large or small. Relationships exist with global energy companies, major financial institutions and larger charities, offering both corporate events and hire services. whilst also maintaining an important business partnership with a leading bike retailer.

    An exceptional social media presence exists, sitting alongside a CRM platform / client data list – with an excess of 500 client names.

    Using a combination of excellent service, class accommodation, outstanding catering, inspiring locations and brilliant supplier links, the business delivers the best cycling events available across the entire UK and Europe and thus benefits huge repeat business and guaranteed annual revenue by contract.

    This would be an ideal acquisition for a company in a similar space looking to grow, or a purchaser seeking to bolt on higher-end client work in an ever-growing and lucrative sector. Potentially a purchase to be brought in-house by any larger organisation to reduce outsourcing costs from a client and staff retention perspective. Data cross-selling opportunities also exist - there is an option to part-buy the events side of the business, or, the bike hire side of the business, if a new vendor wishes to hone in on one specific side of the market.
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    Contact Agent

    Contact the seller for more details, or book a viewing

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    Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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    Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

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    Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

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    Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

    Stay Safe

    Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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    Stay Safe

    Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

    Stay Safe

    Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

    Stay Safe

    The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

    Stay Safe

    Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

    Stay Safe

    Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

    Stay Safe

    Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

    Stay Safe

    Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

    Stay Safe

    Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

    Stay Safe

    Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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    The data showed regarding this advert 'Corporate Cycling Events Business with Existing 'Top Table' Corporate Client Base - INT2383 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.