Orbit is up for sale - BikeBiz

Orbit is up for sale

Twenty years in the bike trade, Orbit owner and former IBD Simon Gershon of Leeds wants to move to Scotland and further his education.
Author:
Publish date:

“I have decided to return to college,” said Gershon.

“I started my first shop in 1984 (Two Wheels Good) in Leeds and expanded to three Freewheel shops (Leeds, Manchester and Sheffield). I took over Orbit Cycles in 1993.

“I’ve now closed my high-street shops and all operations are from one factory. Our turnover is around £1 million and I employ eight people.

“Twenty years in the cycle business is long enough for me, I need a change. I’m planning to study philosophy and psychology, and move to Scotland.”

The sale of the business would include both Gearshift mail-order and Orbit Cycles, and would require around £200,000 of capital for the stock.

“Our growth over the last two years has been in retail mail-order, and we now have a database of over 10 000 active acounts,” said Gershon.

“On the cycle side, we are probably the biggest supplier of tandems and touring bikes in the UK.”

simon@orbit-cycles.co.uk

http://www.orbit-cycles.co.uk

http://www.gearshift.co.uk

Featured Jobs

the cycle hub

Workshop Manager

The Cycle Hub I Dubai, United Arab Emirates I Competitive Package & Bonus I Date Published Monday 10th September 2018

Specialized_Logo_Red promo

Rider Care Representative

Specialized UK Ltd I Chessington, Surrey I Salary: Competitive DOE I Date Published Monday 3rd September 2018