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Established Motorcycle Dealership Manchester

Oldham, Manchester
Leasehold Price:
£184,950
Status
FOR SALE
Advert ID
239643
Reference
6715 / Rightbiz
    Established 1990

    **Year End Accounts 31 October 2019**

    Turnover (2018/19) £1,301,088

    Gross Profit (2018/19) £145,680

    Full Financial Information Available Upon Viewing

    Close To Manchester City Centre

    Prominent Main Road Trading Position

    Large Car Park/Forecourt To Front

    Fantastic Online Reviews

    Retirement Sale

    New Lease To Be Negotiated

    EPC - C

Description:
REF 6715 – Leasehold Motorcycle Dealership
Blacks Business Brokers are pleased to bring to the market this leasehold motorcycle dealership located in a busy area of Oldham, Greater Manchester.

INTRODUCTION
Highbarn Motorcycles was established by our client in 1990 and due to expansion moved to Broadway due to expansion in 1993. The business is well known within the area and this business sector and has a superb reputation and a large base of regular customers. Excellent reviews are noted on Bike Trader, Google and Facebook. Our client offers a comprehensive range of new and used motorcycles as well as servicing and repairs. The opportunity also includes Broadway Motorcycles which is a recent expansion of the business due to it's ongoing success.

LOCATION
The business is positioned on a busy main road close to large multiples such as Asda, Home Bargains and the The Post Office. Chadderton Community Fire Station is immediately next door. The area is well linked by the M60 and A627(M) with good public transport links and free parking immediately outside.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator due to out clients retirement, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The lease will be fully negotiated with our client upon sale of the business, it will run at a cost of £692 per week over a ten year term.

BUILDING LAYOUT AND DESIGN
Highbarn Motorcycles operates from a large detached property with large forecourt area to the front. The business is well branded with large signage displayed above a glazed frontage with central entrance. Inside, the main showroom is open plan in layout with a range of motorcycles displayed. There is also a private office area and toilet facilities to the rear.

STAFF
The business is currently operating with five members of staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS
Highbarn Motorcycles has traded well during an impressive trading history. **Year End Accounts 31 October 2019**Turnover (2018/19) £1,301,088, Gross Profit (2018/19) £145,680 Full financial details are available after viewing.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This leasehold business occupies a superb trading position on a busy main road. Our client has secured a large, repeat customer base and much new custom is generated by word of mouth recommendations as well as the comprehensive online presence built in recent years. This proposition would ideally suit an owner operating team with a passion for motorcycles who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Fixtures & Fittings:
RampsMachinery

Opening Hours:
MON - FRI: 09:00 - 18:00SAT: 09:00 - 17:00SUN: CLOSED


Weekly Rent:
£692 Per Week. Weekly Rent:
£692 Per Week.
Listing Details
Leasehold Price: £184,950
Tenure: Leasehold
Location: Oldham, Manchester
Sector: Motorcycle Businesses
Financials
Annual Turnover: £1,301,088
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 6715 / Rightbiz

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