Nicholson Cycles instructs Shepherd to set wheels in motion for sale – Scottish Business News

NICHOLSON Cycles, the long-established independent family-owned retail cycling business based in Dundee, has instructed Shepherd Chartered Surveyors to bring it to market for sale as an operational entity including the property and trading business as the owners prepare to retire.

Owners Bryn Williams and Margaret said: “After many wonderful years serving our amazing customers and being a part of this incredible cycling community, it is with mixed emotions that we announce our retirement and the upcoming sale of Nicholson’s Cycles.

“Running Nicholson’s Cycles has been a labour of love for our family, and we are deeply grateful for the support and loyalty our customers have shown us over the years.

“We have had the privilege of meeting generations of families, countless cyclists from around the world, sharing stories, and helping customers find the perfect bike for their adventures. It has been an incredible journey!

“We are actively seeking a passionate entrepreneur looking to own a thriving cycling business with a storied past and limitless potential who shares our passion for cycling and the local community. Someone who will carry on the traditions and values that have made Nicholson’s Cycles a special place for cyclists of all levels.”

The business is located within the Albert Street district centre, one of the major district centres of Dundee, about a mile northeast of the city centre. The retail showroom with workshop, storage and staff accommodation is situated on the northern fringe of the Albert Street district centre facing the northeast arterial route enjoying a high-profile location at a busy four-way junction.

Shepherd partner Gerry McCluskey said: “Our clients wish to arrange a sale of this very prominent and well-known property with the benefit of the ongoing business as an operational entity. The accounts for the business reflect a well-established profitable operation.

“In addition to revenue generated through the retail business, there is an advertising hoarding facing Forfar Road which generates a modest income. The agreement currently operates on a year-to-year basis and prospective purchasers may wish to agree a longer-term arrangement with the tenant.”