Retailer of New & Used Scooters & Accessories For Sale

Business description

Established in 2000, and re-located to its current location in late 2007, this family business is a one stop shop for the scooter enthusiast, offering a wide range of new and used motor scooters – dealing in the very best vehicles available from the legendary Vespa and Piaggio right through to the sporty Gilera range. Such is the comprehensive service available from this business that it even offers a scooter personalization service – from coloured bolts through to a full paint job. Service and repair, a wide range of parts and accessories or an engine tune – this business does it all.

Situated in prominently located premises on a major arterial route, this business has full repair and workshop facilities on site and is capable of service and repair of all makes. The business has large stocks of new and used machines on display. Virtually any model of motorcycle or scooter can be supplied, with various models displayed in the company showroom. The excellent showroom also stocks a good selection of spares and accessories and customers are made to feel welcome to call in for a chat and to browse through the huge range of great kit and accessories. It is also a specialised scooter tuning centre.

Acting almost as a main agent for the major brands, this business is positioned in a select and prestigious market sector. Holding accounts with leading suppliers this business captures a very wide market with customers attracted from as far afield as North London and the South Coast. The customer base is quite broad ranging from 16 year olds looking for their first transport through to mid twenties and early thirties commuters. Situated as it is in south London this business is particularly in demand from those looking to beat the traffic or the Congestion charge into Central London, attracted by the two year warranty available on new bikes and the very competitive finance assistance available through the arrangements this business has with Black Horse Finance.

The cornerstone to the success of the business however is the friendly and knowledgeable staff, all of which have a huge passion for scooters with nothing being too much trouble. Such is the rapport this business has with its customers it is frequently trusted just to get on with the work with no need to estimate.

This is a very well managed business with an excellent reputation. With turnover for the year ending March 2007 of approximately £353,600 generating gross margins of approximately 35%, this is an excellent opportunity for a new entrant - a scooter enthusiast for example, to run their own show or an existing operator to acquire an additional outlet in a prime location.

Property information

Location:

Situated in a very prominent location on a major arterial route with a high volume of passing trade, this business occupies very well suited premises – a secure retail outlet of approximately 1,100 square feet, not including a large area to the front and side of the premises for the display of new and used machines and the workshop area to the rear, with ample room to work on three vehicles at any one time.

The premises were recently acquired by the current owners and will be offered to the new Owners on a leased basis, tern and rent to be agreed.

Other information

Expansion potential:

There is an outstanding opportunity to build on the existing business levels and customer base of this company. With a strong demand for this business's services, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.

This business maintains an extensive base of satisfied customers, who appreciate the company's top quality service at very competitive rates. Investment in the latest tuning equipment would perhaps enable the business to take even greater advantage of the huge demand there is for scooter tuning within the marketplace.

Competition / Market:

The business occupies a major location and benefits from high levels of awareness from large volumes of passing traffic. The business features in all the major directories, however, a large percentage of new customers derive from word of mouth recommendations, with the business regarding their best customers as their best advertisers, bearing testimony to the excellent reputation the business has earned since inception. The business also has a very well designed and informative website that performs very well within all the major search engines for appropriate search terms.

Support & training:

The current Owners will provide all necessary training and handover to ensure a smooth transfer of the business to new Owners.

Reasons for selling:

The current Owners feel that they have taken the business on as far as they are able and now wish to pass the business on to new Owners to build on the excellent foundations already laid.

Trading hours:

TThe business operates between 8.45 am and 5.30 pm, six days a week and is closed on a Sunday.

Contact the seller