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Motorcycle, Scooter Sales, service and Repair Business in Sleaford For Sale

Sleaford, Lincolnshire

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£14,950 +SAV

Ref: 2591

Leasehold

Overview

Hilton Smythe is delighted to welcome to the market this well-established and popular new and used motorcycle and scooter retail, service and repair business in Sleaford, Lincolnshire. The business was established by our client in 2011 and is only now being offered to the market due to our clients other business interests. The business operates 6 days per week and generates a turnover in the region of £100,000 per annum, with a gross profit of approximately 55%. We are advised that there is a stock value of approximately £15,000. The turnover is generated from the sale of new and used motorcycles and scooters. The business are a main dealer for WK, Zontes, Lambretta and Baotian, as well as having a selection of used bikes from 50cc upwards and a wide selection of accessories including helmets, clothing, gloves and boots. Our client also offers in house servicing, repairs, MoTs and motorcycle training. We are advised that our client is qualified to teach a new owner to operate the rider instruction side of the business and is willing to provide a handover period. The business has built up an enviable reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with good repeat trade and word of mouth recommendations. We feel the turnover could be increased by introducing other brands of motorcycles and scooters. A new owner could also embark on a small marketing campaign to highlight the business and the goods/services offered. There is already an informative website in place to promote the business at www.oliversmotorcycles.co.uk. This is an excellent opportunity for a new owner to take this thriving business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Turnover
The business generates a turnover in the region of £100,000 per annum, with a gross profit of approximately 55%.

The business is owner run and managed with 2 x self-employed staff members.

The business operates: Monday – Saturday: 9.00am – 4.00pmSunday: Closed

Olivers Motorcycles occupies a substantial industrial unit on a newly developed site in the market town of Sleaford, Lincolnshire. The property is surrounded by a wealth of complementary businesses and benefits from a high volume of passing trade. The business further benefits from ample parking facilities. Sleaford is a town in the North Kesteven district of Lincolnshire in the East Midlands. According to the 2011 census, the town had an estimated residential population of 17,671. Sleaford is a popular place in which to live and work. In 2011 North Kevesten District Council produced a 25 year plan to regenerate the town, due to the rapid growth since the 1990s. It plans future residential developments and outlines ways to improve the town centre. The area of the business is served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is approximately 1½ miles away. The area is also well served by the A-roads, with the A17 being within close proximity, which links to the national A-road and motorway networks. Lincoln is approximately 18½ miles away and Newark-on-Trent is 19½ miles away.

Large industrial unit on a newly developed site, briefly comprising: Open plan unit with: Fully equipped MoT area with additional space for servicing with work benches.Large motorbike display area with display stands for helmets, boots and clothing.Screened off area to rear with sofa seating and desk area.Kitchenette.WC. External with: Large tarmac frontage, which our client has shared use of as a motorcycle training area.Large gravelled area to rear that our client has complete use of.Well signed and secure premises.

Tenure
We are advised Leasehold: Original lease length: 5 yearsRemaining lease length: 4 yearsReview period: 5 yearsRent: £1,400 per month. The rent will reduce to £900 per month after 1st December 2015.

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