Business Summary:
Scooter and Motorcycle Sales & Service
Ref.AL162
Location Teesside
Asking Price £120,000
This is a well run, all year round, family business which has been selling Scooters and Motorcycles up to 125cc since 2002. The business sells a number of well known brand names in its showroom with circa 35 mainly new on road and off road bikes on display.
The business has a separate clothing and accessories showroom and has also a service and repair department, which at present is rented out to a local self employed mechanic who works closely with all their servicing and repair requirements.
Upstairs, above the showroom, there is the potential to create a small flat with living room, bedroom, kitchen and toilet. This could either be utilized by the new owners as their own accommodation or rented out to create incremental revenue. There is the option to either lease the property or purchase the freehold from the vendor.
The building is in sound order with excellent potential for someone wanting to start off their own small business. There is no competition in the area and the current owner is selling the business with all assets and stock included in the sale price. This is an excellent opportunity for someone with a passion for bikes to take advantage of the sound footing that the owner has built for this company and take it forward to the next level.
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| Year
Business was Established: 2002 |
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| Number of Employees:
1 |
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| Facilities / Terms of Lease:
The business is an ex-bank, in good order and is located in a busy industrial area on a main road nearby to the local town centre and benefits from regular, daily passing traffic.
Downstairs there is a bike showroom and a sub-let service and repair area. At the front of the building is an accessory showroom with display windows facing the passing traffic. Upstairs is a small flat with living room, bedroom, kitchen and separate toilet with a possible rental from the flat of circa of £300 per month.
The owner is prepared to rent out the bike showroom including the upstairs flat for circa £1,000 per month and the motorcycle workshops and accessories showroom for an extra £800 per month. The owner is prepared to sell the freehold of the building for circa £100,000. |
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| Potential
Growth/Expansion:
The vendor now wishes to retire and he has suggested that sales would increase by keeping a wider and bigger range of bikes and accessories in stock.
The company owns its domain name but as yet they have not developed their own website. Many other UK retailers have benefited enormously from on line sales and this is definitely one area that could and should be targeted. |
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| Competition:
N.A. |
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| Owner
willing to train:
The owner would be happy to help with a smooth transfer of the business in any way possible and listen to possible permutations for the rental or the sale of the freehold. |
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| Reason for selling:
The vendor of the business has decided that now is the right time to take life easier and take early retirement. |
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Seller Reference Number: AL162
BusinessMart.com Listing Number: 77932 |
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