New life has been breathed into an empty shop as a businessman hopes to capitalise on Britain’s cycling success this summer.

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Velocity is set to officially open in Prince of Wales Road today.

Based in the former home of Multiyork furniture and Blazes fireplace and mantelpiece shop, the new bike shop stocks Forme mountain and road bikes, ranging in price from £269 to £5,000.

The shop is Howard Coles’ first venture into the retail industry.

The former property developer from Poringland, who is a keen cyclist, said: “Forme offered me a dealership and it was a great offer.

“It’s a really good location and cycling is a growth industry. It grew by 30 per cent last year and this year, it’s going to grow even more than that because of the Olympic Games. The success we had in the Olympics is going to make a big difference.”

Derbyshire-based Forme was founded by former professional cyclist Adam Biggs and created in early 2010 by distribution company Moore Large.

Mr Coles, 48, who is running the shop on his own, took over the lease on November 1 and turned the shop around in less than a fortnight. He currently has 29 bikes in stock and is hoping to introduce BMX bikes. The shop also sells cycle clothing, accessories and nutritional products.

4 comments

  • I spoke to him last Sunday at his shop (they where still laying carpet!!). Seems like a nice chap, certainly very approachable, i wish him luck.

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    monkeynuts

    Wednesday, November 14, 2012

  • Like Noah says Good Luck, if I was as optomistic as Mr Coles I would be the competition myself. Is this really news or is it a case of Love Your Local 'bike shop'?

    Report this comment

    George Ezekial

    Wednesday, November 14, 2012

  • I hope it all works out for him.

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    Tone the moan

    Wednesday, November 14, 2012

  • Good luck to him.

    Report this comment

    Tudor Bushe

    Wednesday, November 14, 2012

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