Reduced Motor Cycle Sales Mot & Repair Centre Close To Basildon Essex | | Undisclosed Essex | | NEW LEASE RENT £12,000 PA TURNOVER £350,000 PA EXCELLENT PROFIT MARGIN NO MANUFACTURERS TIE FULLY EQUIPPED WORKSHOP SAME HANDS 33 YEARS GENUINE RETIREMENT SALE ENTHUSIASTS DREAM RARELY AVAILABLE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 60039
ADVERT IMPRESSIONS : 15,919 TIME(S) | | | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Motor Cycles | | SALE: | Agent Sale | ASKING PRICE: | £100,000 | LEASEHOLD: | £100,000 | ANNUAL RENT: | £12000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | NEW LEASE
RENT £12,000 PA
TURNOVER £350,000 PA
EXCELLENT PROFIT MARGIN
NO MANUFACTURERS TIE
FULLY EQUIPPED WORKSHOP
SAME HANDS 33 YEARS
GENUINE RETIREMENT SALE
ENTHUSIASTS DREAM
RARELY AVAILABLE
LOCATION:
This Motor Cycle Dealer and MOT Centre is situated on a busy main road in this well known town close to Basildon. The business has been established in this location for the past 33 years and is now only for sale due to retirement.
DESCRIPTION:
As previously mentioned the premises are situated on a busy main road and has a forecourt display area for bikes. The shop is then approached via a fully glazed door with two plate glass windows ideal for poster displays or other types of club notices etc. The first half of the retail area is again dedicated to display area for new and used motor cycles. The rear of the retail area is dedicated to the sale of motor cycle clothing and spares etc. In addition there is a small office, a service counter with small accessories shelving and a fully computerised till system.
To the rear of the unit is a fully equipped workshop with a runway from the main road. This workshop is fully equipped for MOT work and also for repairs which are required either from the MOT or any other mechanical work required.
TENURE:
Our clients, who own the freehold, are prepared to grant a new lease for a term to be negotiated at a current rental of £12,000 per annum. We understand from our clients the rates payable are £4,800 per annum. However, all interested parties are requested to speak with the Local Authority regarding Small Business Rate Relief.
HOURS:
The business is currently opening between the hours of 9 am until 6 pm Monday, Tuesday, Thursday and Friday and between 9 am until 5 pm on Saturday. The business is closed all day Wednesday and Sunday.
STAFF:
The business is currently managed by our husband and wife vendors with the assistance of one full time mechanic. If required the mechanic would like to remain employed.
TURNOVER:
We understand from our clients the current turnover is some £350,000 per annum working on an excellent gross profit margin. The vendors have informed us the turnover is split some 70% from the workshop and 30% from the retail of bikes and accessories.
PRICE:
We are instructed by our clients to offer this well established business for sale at the realistic price of £100,000 for the benefit of the new lease, 33 years goodwill, fixtures,fittings, workshop tools, plant and machinery. Stock to be purchased at valuation.
AGENT’S NOTE:
This business has been owned by our current vendors for the past 33 years who are now very anxious to retire. They openly admit their enthusiasm for the business has decreased and they wish to handover to a younger more energetic enthusiast. Huge scope is available within this business. Currently the vendors sell new and used motorcyles but are terminating their contract with Honda.
VIEWING:
By prior appointment with PPS on 01702 602888.
TERMS:
Each party, Vendor and Purchaser are responsible for their own legal fees. | | | | | | FOR SALE | | | | | REFERENCE: | M/308 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
