Old Established Motorcycle Shop | | Undisclosed Kent | | Outstanding opportunity to acquire an old established Motorcycle Business specialising in off road motorcross bikes, new and second hand bikes and all accessories. The business has been in the same hands for the past 35 years and is now solely offered for sale due to the vendor's retirement. No parking restrictions Front area ideal for display to - SINGLE FRONTED MEDIUM SIZED SALES SHOP with counter, electronic cash register, peg boarding, display rails. Side secure storage area Rear workshop, fully equipped for repairs Outside toilet | | ADVERT NUMBER : 16850
ADVERT IMPRESSIONS : 71,731 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Motor Related | | SALE: | Agent Sale | LEASEHOLD: | £47500 | | | | | BUSINESS DETAILS: | Location Situated in a terrace, excellent main road trading position, SURREYOpening Hours Tuesday - Saturday inclusive - 9 a.m. - 6 p.m.
CLOSED ALL DAY SUNDAY & MONDAYTurnover WE ARE INFORMED the turnover currently averages 2,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 35/40% approx. We are further advised that the sales year ending 31st March, 2007 showed 102,175 with a gross profit of 32,900. As stated this business has been in the same hands for the past 35 years and we understand from the present owner that approx. 12 years ago he achieved a turnover of in the region of 500,000 in one year.Tenure We understand the premises are held on a new 10 years lease from June, 2008 at a rental of 11,000 p.a. exclusive of rates for the first 5 years, with rent to be agreed thereafter.
OUTSTANDING OPPORTUNITY TO ACQUIRE AN OLD ESTABLISHED MOTORCYCLE SHOP, WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.
AS STATED THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 35 YEARS AND IS NOW SOLELY OFFERED FOR SALE DUE TO RETIREMENT
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATEDPrice TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS 47,500 plus STOCK AT VALUATION (30,000 approx).
SUBSTANTIAL LOAN TO AN APPROVED APPLICANTAccommodation The accommodation situated on the first floor, which does require modernisation and redecoration comprises:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
KitchenetteOutside Outside toiletStaff The business is at present operated by a husband and wife team and no staff are employed. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
