Motorsports Dealership In Northern California For Sale

Business description

Established over 45 years, this dealer of a top Japanese brand sells motorcycles (street and dirt), personal watercraft, scooters, mules, generators, clothing, parts and accessories. It's service department is first rate and offers dyno tuning. Sales are usually in the top 10 of the nearly 60 dealers in Northern California and the dealership has been profitable throughout the current recession. The present owners were employees of the former owner and purchased the business several years ago. This full service motorcycle dealership is located in the heart of Northern California’s Silicon Valley where the population is approximately 2.3 million. The store specializes in top brand motorcycles as well as water crafts, ATV’s and motor scooters as well as a selection of used vehicles. The dealership also offers a full service department and an accessories department.
There are two owners. One works full time as the manager where his duties consist of managing the dealership, and the other works part time hours doing business administration duties. The employee structure of this business consist of seven full-time employees and 1 part-time employee. The full-time employees include a sales manager, two mechanics, a service manager, a general manager and two parts clerks. There is one part-time sales person who is paid on commission only, as is one of the full time mechanics. The store has a dyno and a contract for dyno tuning the city's police motorcycles. The store has been established since 1964 located in the same site. Local residents as well as customers from neighboring cities make up the good long-standing customer base. Please reference BTI#7255GC when contacting us about this business.

Property information

Real Estate:

Lease

Lease terms:

Landlord will assign lease to prospective buyer upon approval of terms. New long-term lease is available at reduced rent.

Leasehold rent:

$6,000 per annum

Leasehold rent:

$18 per sq ft per annum

Location:

South San Francisco Bay Area - Silicon Valley

Premises details:

4000 sq ft leased facility $6000/mo gross rent no increases expires 3/31/2012 plus 3-year option or new long-term lease. Landlord is open to discussing a new, long-term lease at a reduced rent. 15,000 square foot lot is fenced and secure. Additional storage shed (large) not counted in rentable square footage.

Size in square feet:

4,000

Other information

Expansion potential:

can move to larger facility on more prominent street when lease expires 3/31/2012.

Competition / Market:

This is one of the top Japanese brands with great customer loyalty. Usually in the top 7 or 8 of about 60 dealers in Northern California.

Support & training:

2 weeks, 20 hours per week

Reasons for selling:

Owner #1 is retiring; Owner #2 is ready to move on.

Trading hours:

Tuesday - Friday 10am - 6pm
Saturday 10am-4pm
Sunday & Mondayclosed

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Owner offering to carry $59,900 for 4 years paid monthly including 7% interest per annum.

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$300,000 (included in the asking price)