Customisation Maintenance And Trading Of Iconic Motorcycles Business For Sale

Business description

The ultimate opportunity to enjoy your life every day, and not only during your Sunday bike rally to Harties. This well established, well known and profitable business would merge your passion for bikes and the ability to pimp them with a great and growing profitable concern. This caliber business does not come to market that often!

Property information

Real Estate:

Lease

Lease terms:

The current lease still has 2 years' running time left and has a 5 year renewal option. 10% Escalation per annum applies

Leasehold rent:

R126,000/a per annum

Location:

Situated on the main road of a popular East Rand Town apprximately 30 minutes drive from Johannesburg and Sandton

Premises details:

The business is operating from a low profile and inexpensive premises on the main road of one of the towns on the near East Rand. The business is however well known to bike owners as a result of the social networking and long term consistent service it has provided. The premises offers ground level display facilities where approximately 40 -50 2nd hand motorcycles are on display together with a variety of bike and clothing accessories. With one or two exceptions all 2nd hand motorcycles are on consignment. Mechanical work is separated at the upper level where services, maintenance and customisation are carried out.

Size in square feet:

250m2

Other information

Expansion potential:

Increased advertising and upgraded display facilities will contribute to increased revenue. More stock on display and wider variety accessories would also enhance sales. The new owner could also consider competitions and sponsored events to increase awareness and launch new products. Approximately 80% of annual profit is generated from trading activities of which 50%- 60% is generated by sales of 2nd hand bikes and 20%-30% on accessories. The balance is generated in the workshop.

Competition / Market:

There are handful businesses with similar services, but this business is certainly one of the leading and best known facilities in Gauteng.

Support & training:

A proper handover is available depending on the Purchasers requirements

Reasons for selling:

It has been all the same for over 20 years. The seller would like to do something new.

Trading hours:

Monday to Friday 8 to5 and Saturdays from 9 to 1

Furniture / Fixtures value:

R300,000

Inventory / Stock value:

R1,000,000 (included in the asking price)