Long Established Petrol & Motorcycle Retailer For Sale

Business description

Long established with excellent reputation for quality and service. Sole Jersey franchisee for Honda Motorcycles, the international brand leader. Volume retailer of Shell petroleum products. Superbly located premises in central St Helier. Purpose built and fully equipped. Jersey has no Corporation Tax, (1/1/2008), Capital Gains Tax or Inheritance Tax, and has a dynamic economy with a safe environment. Price includes net assets of £69,500.

Property information

Property:

Leasehold

Lease terms:

Nine years with five remaining. Three year rent reviews linked to Jersey RPI. Rent & Rates £63,935 p.a. New lease very possible.

Location:

Ideally located in central St Helier

Other information

Expansion potential:

Entrepreneurial flair will lead to a significant improvement in profitability.

Competition / Market:

Two other major motorcycle retailers but unable to stock Honda, the market leader by a distance.

Support & training:

Full support offered by Vendors in an orderly hand over.

Reasons for selling:

Retirement

Financing available:

Available, subject to status, from Barclays International Corporate Banking

Furniture / Fixtures value:

£12,280

Inventory / Stock value:

£57,164

Contact the seller

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