For sale is the entire issued share capital of an established franchised motorcycle main dealer in North West England. The company has traded for over fifteen years under continuous ownership and holds the franchise of a leading Japanese manufacturer for motorcycles, scooters, a specific quad bike model all-terrain vehicle and side-by-side vehicles, with the motorcycle appointment awarded in 2025.
The business retails new and used machines, supported by an in-house service and repair workshop, a parts, clothing and accessories counter, FCA authorised retail finance broking and a branded e-commerce platform offering online purchase and nationwide delivery. It holds a long-established consumer accreditation and in September 2022 was placed by the manufacturer in the top half of its United Kingdom dealer network.
The company relocated in 2022 to a freehold showroom and workshop of approximately 8,500 square feet with parking for 35 vehicles, which it refurbished to the manufacturer’s corporate identity standard. Two commercial agents have appraised the property at approximately £650,000. The freehold is available with the business, or the vendor will retain it and grant a lease at a market rent, at the purchaser’s election.
Turnover was £1.84m in the year to September 2021 and £1.31m in the relocation year to September 2022. The nine months to 30 June 2023 produced turnover of £1.46m, already ahead of the whole of the prior year, with the June 2023 quarter up 151% on the same quarter of 2022 according to filed VAT returns. Adjusted EBITDA for the nine months was approximately £120,000, against £170,000 to £220,000 a year in the three years before the move. Net assets at 30 June 2023 were approximately £692,000, including the freehold and stock of £795,000 at cost. New stock is funded through an interest-free manufacturer stocking facility.
The business is not owner-operated. A general manager of seventeen years’ standing runs the retail operation and a workshop manager of eleven years runs the service side. Both wish to remain following a sale. The company employs seven people in total.
The shareholder is retiring and will remain available for a handover period.
Highlights -
Manufacturer franchise for motorcycles, scooters, a specific quad bike model all-terrain and side-by-side vehicles, with the franchisor aware of and supportive of a sale.
Freehold showroom and workshop of approximately 8,500 square feet with 35 parking spaces, appraised by two commercial agents at approximately £650,000, available with the business or by way of a lease at a market rent.
Turnover of £1.46m in the nine months to 30 June 2023, ahead of the whole of the previous financial year, with the June 2023 quarter 151% up on the same quarter of 2022 per filed VAT returns.
Adjusted EBITDA of approximately £120,000 in those nine months, against £170,000 to £220,000 a year in the three years before the relocation.
Net assets of approximately £692,000 at 30 June 2023 including the freehold and stock of £795,000 at cost.
Not owner-operated. A general manager of seventeen years’ standing and a workshop manager of eleven years run the business day-to-day and both wish to remain.
Long-established consumer accreditation, an interest-free manufacturer stocking facility of £660,000 and a branded online purchase and delivery platform.
Clear headroom in used vehicle sales, clothing and accessories, retail finance and insurance introduction, MOT authorisation and the agricultural off-road segment.
Opportunities -
Growth opportunities identified include the first full year of trading on normal stock levels, further used vehicle sales, clothing and accessories, retail finance and insurance introduction, MOT testing authorisation and the agricultural and utility off-road segment
Financial Profile
Turnover IRO - £1.46m, nine months to 30 June 2023.
Turnover IRO - £1.31m in 2022.
100% share capital.
Interested parties will be required to sign an NDA.
