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Motorcycle & Scooter Sales, Service and Repair (Investment Opportunity)

Lymington, Hampshire

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For Sale

£29,999

Ref: 2593 I

Leasehold

Overview

Hilton Smythe is delighted to welcome to the market this well-established and busy motorcycle and scooter sales, service, repair and accessories business in Lymington, within the New Forest, Hampshire.

The business was established in 1958 and has been in our clients’ ownership since 1991. Only now is the business being offered to the market due to our clients’ desire for a well-deserved retirement.

The business operates 5½ days per week and generates a turnover in the region of £85,000 per annum, with a gross profit of approximately 51%. Our client offers a variety of services including motorcycle and scooter sales, services, repairs and MoTs, as well as bicycle sales and repairs. 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 a good volume of repeat trade and word of mouth recommendations. We feel the turnover could be increased by extending the opening hours of the business.

A new owner could also could also embark on a modest marketing campaign to highlight the goods and services offered. The business already has a website in place, which we feel needs to be expanded to promote the goods available. This is an ideal opportunity for a new owner to take this already profitable 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 £60,000 per annum, with a gross profit of approximately 43%.

The business is owner run and managed with 1 x full time staff member.

Monday – Friday: 8.30am – 5.30pm Saturday: 8.30am – 1.00pm Sunday: Closed

A J Bartlett occupies substantial ground floor premises, ideally located in the port town of Lymington in the New Forest district of Hampshire.

The property is surrounded by a wealth of complimentary shops and businesses, therefore benefiting from a high volume of footfall and passing trade.

The business further benefits from ample car parking facilities within the area. Lymington has a large tourist industry, based on its proximity to the New Forest and harbour, as well as being a major yachting centre with three marinas. According to the 2011 census the Lymington urban area had a residential population of 15,407. The area of the property is served by the public transport system, with bus stops within easy walking distance of the premises. Lymington Town railway station is less than 5 minutes’ walk away. The area is also well served by the A-roads, with the A337 being within easy driving distance, which links to the national A-road and motorway networks. Christchurch is approximately 13 miles away and Bournemouth is 19½ miles away.

Single fronted terraced property, briefly comprising:

Sales and display area with: New and used motorbikes and scooters. Leather clothing. Helmets. Boots. Oils. Spare parts. Accessories.

Main workshop with: 25 litre compressor. 2 x motorcycle ramps. Multiple workbenches. Numerous hand tools. Multiple shelving units and other storage cabinets.

Office area with: Multiple desks. Filing cabinets. Various office equipment. WC with wash hand basin.

Tenure
We are advised Leasehold: Rent: £880 per calendar month.

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