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Business for sale in United Kingdom - Al162-scooter and motorcycle sales & service-teesside

Asking Price:

120,000 £

Real Estate:

Lease

Sales Revenue:

329,000 £

Net Profit:

31,000 £

Year Established:

2002

Employees:

Not Disclosed

# of family members employed:

Not Disclosed

Location criteria:

United Kingdom/City of London/Teesside

Business types:

Retail

Business categories:

Auto Parts Stores ; Automobile & Motorcycle Dealers ; Other Retail Trade

Business description

this is a well run, all year round, family business which has been selling scooters and motorcycles up to 125cc since 2002. The business sells a number of well known brand names in its showroom with circa 35 mainly new on road and off road bikes on display.

the business retails clothing and accessories and also has a service and repair department, which at present is rented out to a local self employed mechanic who works closely with all their servicing and repair requirements.

this opportunity has excellent potential for someone wanting to start off their own small business. There is limited competition in the area and the current owner is selling the business with all assets and stock included in the sale price. This is an excellent opportunity for someone with a passion for bikes to take advantage of the sound footing that the owner has built for this company and take it forward to the next level.

equipment:

the company has all the necessary equipment needed for the servicing and repairs of scooters and motorcycles including tools and tooling. This side of the business is rented out at present to a self employed mechanic who does all of the servicing and repairs for the business.

key strengths:

this is the only scooter and small bike retailer in the local area and has a good selection of household named brands in stock with circa 35 new and used bikes in the showroom. A new separate showroom for accessories has just been opened with a wide selection of leathers, jackets and helmets to choose from.

growth and expansion:

the vendor now wishes to retire and he has suggested that sales would increase by keeping a wider and bigger range of bikes and accessories in stock.

the company owns its domain name but as yet they have not developed their own website. Many other uk retailers have benefited enormously from on line sales and this is definitely one area that could and should be targeted.

there is potential for extra income with a small investment the upstairs could be easily converted into an extra revenue stream.

Additional information

Additional information:	Not Disclosed
Support & training:	The owner would be happy to help with a smooth transfer of the business in any way possible.
Reasons for selling:	The vendor of the business has decided that now is the right time to take life easier and take early retirement.
Financing available:	Not Disclosed
Inventory / Stock value:	Not Disclosed

Real Estate

Ownership:	no
Lease:	yes
Lease terms:	The owner is prepared to rent out the bike showroom including the upstairs flat for circa £1,000 per month and the motorcycle workshops and accessories showroom for an extra £800 per month.
Location:	The business is an ex-bank, in good order and is located in a busy industrial area on a main road nearby to the local town centre and benefits from regular, daily passing traffic. Downstairs there is a bike showroom and a sub-let service and repair area. At the front of the building is an accessory showroom with display windows facing the passing traffic. Upstairs is a small flat with living room, bedroom, kitchen and separate toilet with a possible rental from the flat of circa of £300 per month. The owner is prepared to rent out the bike showroom including the upstairs flat for circa £1,000 per month and the motorcycle workshops and accessories showroom for an extra £800 per month. The owner is prepared to sell the freehold of the building for circa £100,000.