Business Summary:
Location: LincolnshireAsking Price: £149,000 + Net AssetsTurnover: £800,000Net Profit: £75,000Asking Price Includes:Turnover of c. £800,000Gross Profit of c. 20%Net Profit of c. £75,000Over 20 years tradingSuperb customer testimonialsLong-time established main dealershipFully equipped service bayStock including clothing, helmets etc.Substantial investment in a number of online channels35-bike showroomIntroduction:Turner Butler has been appointed to invite offers of purchase of the issued share capital of this long established reputable motorbike showroom and servicing bay.Business Profile:The business offers a comprehensive range of new and used bikes. They are a main dealer for Royal Enfield. The showroom is complemented by a fully operational adjoining workshop. Customer Service:The business prides itself on exemplary customer service. This is borne out by the significant number of positive customer testimonials. Key Strengths:Over twenty years of successful trading with long standing relationships with most manufacturers. They offer a superb selection of warranted bikes to suit all customer requirements; they stock a comprehensive range of clothing and accessories and have an adjoining workshop for repairs and servicing.Financial Performance:The goodwill of the business is being offered for sale on a going concern basis. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.Turnover c. £800,000Gross Profit c. £160,000Adjusted Net Profit c. £75,000Asking price:The asking price of £149,000 includes clothing stock and all equipment, Surplus cash will be paid for on top of the sale price on a £ for £ basis. Clothing stock and all equipment is included in the asking price. The current net asset is mainly cash at bank. Total asking price is £299,000Growth and Expansion:Growth in revenue has been historically consistent and this year's anticipated adjusted net profit is likely to be in excess of £90,000. Employees:There are two full time employees. A mechanic and a sales supervisor.Reason for sale:Retirement.
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