Mini Racing Bike Business For Sale

Business description

Phoenix are delighted to place onto the market this hugely successful concern which was established by our client in 1996. Family commitments and other business interests enforce reluctant sale.

This concern retails and imports Mini Bikes and parts from Italy. It owns the sole trading UK rights for GRO MOTO and this concern could easily be developed into a national business.

The owner has invested very heavily on advertising and the company web site has over 2 million monthly hits and appears number 1 on goggle and other premium search engines. The internet side of the business has not been developed at all as this size of traffic would potentially produce excellent advertising revenue.

The business employs 4 full time, fully trained staff who would be available to continue within the business after sale. Indeed our client would be available for a business familiarisation period and on a continued consultancy basis if required.

The turnover of the business is in excess of £1million and the stock is valued in excess of £150,000. In fact the total assets alone come to over £500,000 including vans, bikes etc.

The sale includes a fully stocked portable retail unit within a lorry which retails at various UK championship meetings. The business also has its own sponsored bike series called The National Pocket Bike series.

FINANCIAL DETAILS
Turnover: £1,000,000 per annum (Approx.)

Property information

Property:

Leasehold

Location:

This business enjoys a rural countryside location, being situated just outside the village of Hullavington. This area has excellent transportation links with the rest of the country and the M4 motorway lies 1 ½ miles away. The premises itself is purpose built and extremely spacious to allow for large quantities of stock to be kept on site.

Premises details:

The business is situated within a very large Carting centre and the large entrance leads to the MOTO display area:
Ground Floor
• Premises approximately 30ft X 25ft
• Large showroom fully stocked and shelved
• Display of bikes and related parts and products
• Counter area, with shelving and racking to rear
• Office area
• Large storeroom for bikes
First Floor
• Office
• Toilets
• Large showroom
External
• Large car park

Business Operation

Reasons for selling:

Family commitments and other business interests enforce reluctant sale.

Trading hours:

OPENING HOURS:
Mon – Sun: 10.00am – 10.00pm

Employees:

The business employs 4 full time, fully trained staff who would be available to continue within the business after sale. Indeed our client would be available for a business familiarisation period and on a continued consultancy basis if required.

Years established:

Over 13 years

Other information

Inventory / Stock value:

£150,000