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BUSINESS REFERENCE : AM082 / RightBiz SCOOTER IMPORTER AND RETAILER | | | | | | Scooter Importer and Retailer Confidentially offered for sale Ref No: AM082 Location:South Wales Asking Price: £75,000+SAV | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Motor & Transport | | TRADE TYPE: | Motor Cycles | | SALE: | Agent Sale | LEASEHOLD: | £75000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile:
The business was established in 1999 when the managing director discovered that there was a strong and consistent demand for low capacity scooters and cruisers from a wide range of age groups who needed a fashionable, cheap and reliable form of transport. Supply relationships were established with manufacturers in Taiwan and China and the business now imports around eight hundred new bikes per annum plus an ongoing supply of spare parts. Supporting this activity the business sells is a range of helmets and safety clothing that adds an additional revenue stream.
As the main importer of these bikes the company has built up a small dealer base of between fifteen and twenty retailers plus sixty-service shops who need a supplier of spare parts.
Customer Service:
Due to the nature and price range of the product the business has built up a strong local customer base. Buyers travel up to sixty miles to test and buy these products that represent excellent value for money. Retail prices range between five hundred and fifty to one thousand one hundred pounds. Margins are particularly strong especially on the sale of parts and accessories.
Key Strengths:
The company meets the demand of a relatively untapped specific market sector.
Good retail premises
Storage
No Borrowings
Growth and Expansion:
There is a great opportunity to grow this business by taking on more dealers right across the UK. Because of the pricing structure the product is within reach of the young rider and is a great “boys toy” for the more mature purchaser. An active and consistent marketing campaign would have a significant impact on retail sales.
Employees:
There are presently
Two directors
One general manager and technical sales advisor
One shop manager
One office administrator
One part time administrator
One apprentice
Advertising and Marketing:
The company does not have a marketing budget
Retail shop
The double fronted shop is situated on a busy main road roundabout and in close proximity to a technical college. The showroom is approximately 800sqft and holds around 30 bikes. There is upstairs living/storage/office accommodation above the premises of approx 1800sqft. The premises are subject to a ten-year lease at an annual fee of five thousand pounds with set increases in the 2nd and 4th year
Storage
The company also rents a secure storage site that covers two thousand square feet approx. These premises do not have electricity and as such only cost nine hundred pounds a quarter.
Financial Information:
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 for the last financial year is in the region of £300,000 three hundred thousand pounds with profits before tax being circa £32,000.
Reason for Sale:
The managing director has decided to retire and move abroad.
Support and Training
A full and professional handover will be made available to the purchaser for a period to be agreed as part of the overall negotiations | | | | | BUSINESS STATUS: | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | AM082 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
