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BUSINESS REFERENCE : AM096 / RightBiz AM096-SOUTH WALES- £ 85,000- MOTORCYCLE, SCOOTER AND QUAD BIKE RETAILER WITH SHOWROOM, THREE RENTAL BED-SITS AND ADDITIONAL AREA FOR DEVELOPMENT | | | | | | Motorcycle, Scooter and Quad Bike Retailer with Showroom, Three Rental Bed-sits and additional area for development Ref.AM096 Location South Wales Asking Price £ 85,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Motor Cycles | | SALE: | Agent Sale | FREEHOLD: | £85000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This well established business has been trading for around thirty years and has become one of the regions most well known suppliers of new and used motorcycles , quad bikes and scooters that it supplies to the local communities and farms right across South Wales and into Gloucestershire and Wiltshire.
The operation carries new bike franchises for Yamaha, Hyosung and Royal Enfield. They hold a minimum new stock and some demonstrators. The operation sells around a hundred new bikes per annum and an additional sixty used units from the showroom that displays around forty used bikes across all sizes and price ranges. The average retail value being between one and two thousand pounds.
The service centre plays and important roll in the day to day activity with customers travelling from a thirty mile radius to have their machines maintained. The business holds a significant stock of parts. There is also a good selection of branded after market accessories such as tyres, helmets, leathers, boots and gloves which plays significant part in generating additional revenue. This is particularly pertinent as many customers are first time buyers looking for a value for money motorcycle plus the safety equipment to go with it.
Customer Service:
This business has been servicing the needs of the motorcycling and farming communities for thirty years and is well known and respected in the region. Value for money, fair-trading and excellent customer care has formed the backbone of the operation with many customers returning year on year to upgrade or replace their machines.
Key Strengths:
Freehold premises
Bed sit rental stream
Further development area for three bed sits or offices
Well known with an excellent reputation.
Financially sound.
Excellent high street location.
Good Franchises.
Strong customer base.
Premises:
The double fronted high street premises cover three floors with the basement area acting as a service centre and storage department. The ground floor is the main showroom containing offices and a large selection of used and new bikes. It covers an area of approximately eighteen hundred square feet.
The first floor has ample room for development with the service reception and parts department. This has a similar square footage as does the workshop.
The top floor has recently been fully refurbished and is awaiting conversion into, either three additional bed-sits or three offices. Grants for this work may be available. There are two flats and one bedsit commanding combined monthly revenue of £760.00. There is off the road parking for three vehicles
Marketing
The business is very active in going out to the customer and transact significant business at agricultural shows and farmers markets. They advertise in Yellow Pages, Farmers Weekly and Classic Bike Magazine.
Financial profile:
All financial information will be made available under the auspices of Turner Butler and subject to the normal letters of confidentiality being signed. The business enjoys a turnover of around £800,000.
Employees:
Two partners
One spares and accessories manager
One admin and sales
One workshop fitter
Support and Training
There will be a full and seamless handover for a period to be agreed as part of the overall sale negotiations. It is envisaged that existing management and staff will stay with the business if required and play a key roll in the transition between owners.
Reason for Sale:
Having spent the last thirty years building this business the driving force behind the company has decided to retire and work on other projects on a part time basis. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AM096 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
