Profitable Motorcycle Business in Paisley, Scotland Up for Sale - Established Since 1976
Paisley, Renfrewshire
- Status
FOR SALE
- Advert ID
616757
- Leasehold: £50,000 (Stock at valuation)
- or
- Freehold: £200,000 (Stock at valuation)
- Rent: £16,000 (£1,333 per month)
- Turnover: £340,000 (£6,538 per week)
- Profit: On request
Key Features
- Accounts Available
- Established Business
- Offers Invited
- Retirement Sale
Business Details
MOTORCYCLE BUSINESS FOR SALE IN PAISLEY, SCOTLAND
MOTORCYCLE BUSINESS FOR SALE
TURNOVER £340,000.
LOCATION.
This business is located in the west of Scotland near Glasgow.
BUSINESS DESCRIPTION.
Motorcycles have been sold from these premises since 1976 dealing with new and used motorcycles along with servicing, repairs, clothing, accessories, helmets and parts. The business is located on a busy main road with large footfall.
The current owner wishes to retire and for the last four years he has been in semi-retirement working only from 9 till 5 four days a week. There is therefore tremendous scope for expansion with more hours and perhaps an MOT station.
HIGHLIGHTS.
VERY PROFITABLE MOTORCYCLE SHOP.
HUGE SCOPE FOR EXPANSION.
LONG RUNNING MOTORCYCLE DEALERSHIP.
GREAT REPUTATION WITH LOYAL CUSTOMER BASE.
STRONG FINANCIAL PROFILE.
MULTIPLE SOURCES OF INCOME.
The premises consist of a showroom, workshop, back shop and toilet.
The rateable value is £7400 but the current owner pays no rates. (Small Business Rates Relief).
The business is offered for sale at £50,000, or offers, plus stock at value.
The lease for the building is £16,000 per annum.
Or the freehold price is £200,000 plus stock at value.
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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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