Motorcycle Importer Retailer Service And MOT Centre For Sale - South West, United Kingdom

Business description

Successful Motorcycle Importer, Retailer, Service & MOT Centre This profitable and successful company has been established for a number of years and became a limited company in 2003. The business provides service facilities for all models of road and off road motorbikes and is also a licensed MOT centre. The reception area includes a retail shop which carries a widebroad range of motorcycle accessories that includes helmets, clothing and accessories. The retail section contributes circa twenty five per cent of the annul turnover of the business. Brands include; Clothing:, Akito, Motrax, Raven Helmets:, CMS, Lazer, FM, MDS, Nitro and KBC The business was formed to meet the growing local demand for new and used motorcycles and off road bikes. It quickly became apparent that there was an excellent opportunity to gain a market edge, by importing high quality used machines directly from Japan and to source rare collectors items for re- sale on the UK market. The business developed commercial contacts in Japan and now has access to an online market that has in excess of three thousand bikes available for sale each and every week. Stock is partially sourced at these on line auctions and also reliable contacts that have been built up over the years and are extremely sound. On arrival in the UK each machine is checked, assembled, serviced, MOT’d and plated before being displayed for sale. There is a healthy demand for these bikes as they represent excellent value for money. The company has a reputation all over the South West for fair-trading and excellent service. Clients Customers travel from all over the West Country to purchase bikes and equipment. The customer base is increasing year on year and the addition of the of website activity plus on line auctions, which has also increased the ability of the business to reach customers in all parts of the UK. Customer Service The service centre and MOT bay is capable of maintaining all motorcycle makes and models and is constantly busy. Each customer receives personal attention from one of the directors, which has created a large, and loyal customer base. Key Opportunities The company has been managed at a size suitable for the needs of the two directors, yet could easily be doubled in size. There is a very real opportunity to increase the level and type of imports in order to reach a broader range of customers on a national level. A structured and wide ranging advertising campaign would significantly increase the levels of sales and there is room to improve the number of franchises of both scooters and bikes. The quad bike market has never been tested in this rural area that has strong agricultural ties. Financial profile: The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The company presently sells circa three hundred motorcycles per annum and has a turnover in the region of £375,000. Overall gross margins are good at 35% with the imported machinery providing profits well in excess of that figure.

Property information

Property:

Leasehold

Lease terms:

The premises are available to lease at a figure of £20,000 per annum, for a period to be agreed as part of the sales negotiations.

Location:

The premises consist of a small retail shop and reception area, to the rear of the premises there is the well-appointed and compact service and MOT workshop. The first floor is totally given over to the display of new and used bikes. There is ample parking in the immediate vicinity and the position of the building gives the business a superb profile to all passing traffic.

Other information

Competition / Market:

The company advertises in national trade magazines and actively uses on line auctions not only to sell goods but also to increase its profile.

Support & training:

Having spent many years developing this enterprise both directors are very keen to see it continue to succeed. A comprehensive and seamless handover would be available for an agreed period.

Reasons for selling:

The directors have built up a property portfolio over a period of years that now demands more of their time.

Trading hours:

Monday - Thursday: 9:00am-5:30pm Friday - Saturday: 9:00am-6:00pm.