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Leasehold:
£65,000

Motorcycle Repairs & Parts Retailer Premium Advert

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Reference13873 H / RightBiz
Status
FOR SALE
Advert ID196799
LocationKingswood, Bristol
SectorBicycle Businesses, Motorcycle Businesses
Leasehold Price£65,000
Annual Turnover£86,581
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BUSINESS
Hilton Smythe welcomes to the market Morpheus Motorcycles Ltd, For Sale due to our client's wish for a well-earned retirement after many years in the trade.

A traditional spares, repairs, servicing and MOT garage specialising in motorcycles, mopeds and bikes. Experts in 'Triumph' motorbikes, the business also provides servicing for most other makes of bike and can carry out repairs on the majority of marques whilst subbing out any MOT tests that may be required. Noted as passionate about motorcycles, a traditional independent garage with skills and customer service to match, the business has built up a solid reputation since 2003. As enthusiasts and looking after what they consider to be their customers prize possession, they also deal in sales, consumables, parts, tyres, and accessories.

Morpheus remains one of the very few specialists in this area available locally, and thus benefits from a traceable regular and repeat clientele, across the wider Bristol, Avon & Somerset area. Locally renowned for good old fashioned customer service and in our clients careful hands since 2003, there is still plenty of room for organic scope and growth by perhaps bringing the MOT service in-house. Benefitting a good social media presence including a popular Facebook page, the business also has an engaging, and informative website www.morpheusmotorcycles.co.uk

An already busy and profitable going concern, bringing the MOT offering in-house would potentially add to the gross profit margins, whilst there is also the potential to add a retail line of clothing, helmets, or further accessories.


LOCATION
Morpheus Motorcycles is situated on a busy main A' road through the centre of Kingswood, Bristol, on the border of South Gloucestershire and Bristol City Centre.

Situated on a small industrial estate adjacent similar and complimentary businesses, there is plenty of free on and off road parking to the main road and surrounds. The business is extremely visible and easy to locate, with large external logo signage to its front elevation.

Kingswood is a popular suburban part of Bristol, just over 3 miles from the city centre itself, and has plenty of densely populated residential areas. The average semi-detached house price is circa £235,000 in the location, having excellent public transport and local road links including the A420 on which the business sits, and the M32, M5 network nearby.

The area has plentiful local amenities including Pubs, Restaurants, Convenience Stores, Schools and Day Nurseries, and has a local population of around 40,000.

PREMISES
Clearly identified by a Hilton Smythe For Sale Board.

A traditional roller shuttered commercial/industrial unit circa 117 sqm, with a vaulted corrugated roof and concrete screed floor. Largely open plan with parking bay area to the front for circa 20 motorcycles, internal office area, plus mezzanine floor, ancillary, and storage area.

The premises being a traditional industrial unit with no fixed heating and of little energy consumption.

The premises briefly comprises: -
Hydraulic work ramps
Varied tooling
Tyre fitting machine
Unique engine oil fired premises heater
Rack mount shelving and displays
Further storage and racking areas

All fixtures, fittings and kits are included, except for the vendors personal hand tooling collection.

TENURE
We are advised the business is being sold as a Leasehold business opportunity.

Original lease length: 3 yearly renewable lease term with private landlords.
Review period: 3 Yearly.
Rent: £520 per month.

According to the VOA website, the current rateable value is £4950 pa.

HOURS
The business opening hours:

Monday: 09:00 to 18:00
Tuesday: 09:00 to 18:00
Wednesday: 09:00 to 18:00
Thursday: 09:00 to 18:00
Friday: 09:00 to 18:00
Saturday: 09:00 to 13:00
Sunday: Closed

STAFF
The business is run by a hands-on owner operator, with 1 other full time member of staff.

FINANCIAL PROFILE
We are advised that the turnover for the year ended 2016 is £86,581 with a gross profit of circa 49%.


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