For Sale
Reputable Training Provider For Sale
Gloucester, Gloucestershire
- Asking Price: £89,995 +SAV
-
Turnover:
We are advised the business generated a turnover of circa £130,000 as of 2022, further financial information can be made available upon request.
Please quote reference B07029
- Tenure: Leasehold
Please quote reference B07029
CoGoGo is pleased to have been given the opportunity to manage the sale of Stella Motorcycle Training is a well-established Training Centre with a renowned reputation.
This is a superb opportunity to take on a well renowned local business in an area teeming with customers.
Our clients have successfully and lucratively run Stella Motorcycle Training for over 10 years. The business has been a real labour of love for them and has accrued an outstanding reputation, with an impressive number of customers and an abundance of recommendations.
The business carries out training for the following -
- CBT
- Practical Module 1
- Practical Module 2
Thanks so much’ and ‘So pleased to receive my CBT
The Instructor was great! Informative and patient.
The whole day was enjoyable!
Would recommend.’
The day to day running of the business comprises of our 2 clients, one of which is an instructor working a 3-day week and one being the admin/booking agent. There is one subcontracted instructor working a 3-day week, paid on a daily rate.
Each instructor can take 4 students per day; however, they are currently taking 3 per day due to personal choice. There is ample custom to embark on more instructors and increase the students per day. Due to the nature of the business, the buyer will need knowledge on the requirements of the DVSA. Our clients are offering a handover period and further advice should the purchaser require. The business concentrates on the CBT testing and the CBT renewals, which are required every 2 years. There is a customer database/crm system to update the customers that are due to renew, providing a high percentage of repeat custom.
The business is now being passed on as our client’s head towards a well-deserved retirement, the owners are looking for an ambitious and entrepreneurial new owner (s) who can take this already thriving business to the next level.
Reasons to Buy
- A well-established business with an enviable reputation and many existing customers
- Low running costs with inexpensive rent and no business rates
- Current owners happy to offer a handover to ensure the continued success
- Assets included with the sale – turnkey business
- Ideal owner managed or partnership business.
- Database of over 4000 customers
- Training bikes
- Website
The business is owner run and managed with the help of 1 full time staff member and 1 sub-contractor instructor.
The business trading hours are:
Monday to Friday - 08:00am - 18:00pm
Saturday & Sunday - Closed
The business is currently located on Green Lane, Hardwicke.
The area is served by the mainline railway station.
The A38 is easily accessible from the site via the B4008.
The benefit of the current location is that it’s just 1.5m away from the test centre, therefore covering the test routes.
The business trades from an excellent location, which is just 1.5 mile away from the test centre.
12x12 storage container which houses the training bikes.
Tenure
We are advised the business is being sold on a Leasehold basis with a rolling Lease currently in place, the rent is £1944 per annum.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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