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Established Motorcycle and Repairs Business in East London for Sale

Newbury Park, London

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    15/05/24

  • Advert ID

    611370

  • Freehold: Price on Application
  • Leasehold: Price on Application
  • Rent: £36,000
  • Turnover: £2,500,000 (£48,077 Per week)
  • Net Profit: On request

Key Features

  • Accounts Available
  • Established Business
  • Offers Invited
  • Prime Location
  • Nil Premium
  • Fully Fitted
  • Large Business for Sale
  • Company for Sale

Business Details

Motorcycle & Repairs business for sale in East London

A well-established Motorcycle and Repair business is up for sale in East London. The business, which began operation in 1983, is centrally situated on the A12 route into London. The current turnover is £2,500,000 and all offers will be duly considered.

The site started in the 1960s under the guidance of Eddie Grimstead. We deal extensively with renowned brands such as Kawasaki, Royal Enfield, SYM, Kymco, and Keyway. The business is inclusive of a well-run workshop that handles up to 40 jobs weekly. The sale of parts and accessories is also a significant part of the operation and too contributes to the business goodwill which is included in the sale.

The business has a prime location in Newbury Park, London and stands out as an established dealership with a notable town center location. The sale is comprehensive and includes all stocks in the price, with accounts available for review. The shop is fully fitted and ready for immediate operation, making it a large and attractive business sale. The shop operates on a Nil Premium basis and all offers are invited. This opportunity of owning a business in a prime location is one that shouldn't be passed up.

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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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