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Unique second hand motorcycle dealership

Undisclosed, West Yorkshire

CONFIDENTIAL SALE

  • Turnover: £4,768,763 £91,707 Per week
  • Net Profit: Not Applicable

Business Details

Business
Hilton Smythe is pleased to offer to the market, this unique opportunity to acquire the 100% share capital, in this renowned and popular, used motorcycle dealership, which benefits from several additional income streams, from MOTs and servicing to its on-site restaurant and additional income from rental properties.

Established in 2011, the business has grown from strength to strength and presents a rare opportunity to acquire a business of such calibre and potential.

Income streams include:

  • Sale of second-hand motorcycles
  • MOT and servicing
  • Licenced American Diner experience
  • Five unit ‘retail village’ providing additional income
  • Unique and popular function room with bar
  • Two flats let out to long term tenants


Location
The business is in the North of England. Further details will be released upon the signing of a Non-Disclosure Agreement.



Premises
Substantial themed premises which are arranged over two levels, comprising restaurant and bar area, kitchen and private function rooms, management offices and customer toilets. Large, open plan motorcycle showroom and 5 individual units comprising a ‘retail village’.

Parking to the front and rear of the premises, with two, two bed, en suite flats to the side of the main building, which are currently rented out to long term tenants.



Tenure
We are advised Freehold.



Hours
Motorcycle dealership 7 days a week, 8.30am – 5.00pm.
Restaurant 7 days a week, 8.30am – 10.00pm.




Staff
There is a fully trained compliment of management and staff in place.



Financial Profile
The 2021 accounts show a turnover of £5.1m with an adjusted EBITDA of £150,000. The 2021 accounts were impacted substantially by COVID and it is anticipated that trade will resume to normal levels or c. £6m turnover with adjusted profits of c £340,000.

Further details will be provided upon signing of a Non-Disclosure Agreement.



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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.

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