Established Motorcycle Sales, Rental & Servicing Business in Prime London Location
City of London, London
- Status
FOR SALE
- Date Submitted:
06/04/24
- Advert ID
609362
- Reference
GO2819 / Rightbiz
- Call Agent:
- Leasehold: £275,000
- Turnover: £242,000 (£4,654 Per week)
- Net Profit: On request
Key Features
- Accounts Available
- Town Centre location
- Attractive Business
- Unique Business
- Fully Fitted
- Small Business
- High Turnover
- Established Business
- Prime Location
Business Details
Motorcycle Sales, Rental & Servicing
Raceways Motorcycles
Turnover circa: £242k
Adjusted Net Profit circa: £AOR
Available for sale is this one off, unique and rewarding business opportunity, ideally suited to someone with a passion for motorcycles. The business specialises in high quality services and wide range of motorcycles from their dedicated retail showroom. The business is a uniquely placed in the marketplace with their location in South East London and a prominent online store has attracted ongoing business from local, national and international customers spanning nearly 50 years of unrivalled reputation!
THE OPPORTUNITY
Proven Success: The business has built a strong reputation for quality service, resulting in a loyal customer base. The business has been established over 47 years, and in this time, they have built up an impressive turnover and customer base for a new entrant to capitalize on for further growth. In this time the business has built up trusted relationships with their customers and suppliers and the value of the goodwill in this instance is unrivalled. Customers come from around the world to trade with this specialist bike business.
Steady income: Enjoy consistent revenue from repeat customers from their sales, service, and rental business. The business holds a large stock of motorcycles and scooters which is utilized in line with consumer demand and business needs. The business offers bike finance and insurance, adding an additional layer of revenue.
Room for Growth: The business offers an incoming vendor the opportunity to grow the brand by opening additional locations throughout the UK or in strategic locations within Europe. The business has a strong online selling platform, however there is scope to utilise social media to increase the reach of the business.
Prime Location: The show room is located on a busy main high street within the surrey docks vicinity, with an affluent audience locally. The location is extremely well placed for visitors being located next to the surrey quays railway station, surrey quays shopping centre for car parking and 500 yards away from Canada water station, located on the Jubilee line and one stop away from Canary Wharf.
SERVICES
The business has a full service offering for motorcycle enthusiasts. The business has the following income split:
· Motorcycle sales.
· Motorcycle rental.
· Servicing.
· Parts and accessories.
· Referral and commission fees.
MARKETING
The business has limited marketing needs and enjoys ongoing referrals from new and existing customers, whilst attracting national trade from their website and the use of marketplace websites. The business relies on local passing trade for their bike rental service, however there is scope for paid advertising to be introduced and an online booking facility on the website to maximise the business reach.
MANAGEMENT AND EMPLOYEES
The business is overseen by the vendors and two full time employees.
PREMESIS
The premises has been significantly fit out to a very high standard, providing both local presence with the high-quality branding externally. Internally the show room is professionally presented and offers an incoming vendor the opportunity to continue trading with no investment needed. The current annual rent being £35,000 per annum with 6 years remaining on the current lease.
GROWTH OPPORTUNITIES
There is endless growth potential for an existing operator or someone looking to enter the market with an established brand and customer base with this well-established business:
· Expansion into new locations.
· Enhanced digital marketing.
· Ecommerce platform investment for.
· Opportunity to franchise the brand into a national/international presence.
· Diversify into electric bikes for both sales and rental.
FURTHER INFORMATION
Don't miss out on this incredible opportunity to own and grow this unique business with an exceptional branding presence.
Further information is available by speaking with us and for more information please contact us.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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