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Motor Cycle Sales, Service, Parts & Repair For Sale

Waterlooville, Hampshire
Asking Price:
£95,000
Turnover:
Available on request
Net Profit:
Available on request

BUSINESS:

A highly-regarded and successful, well-equipped motor cycle service, repair and parts supply business established by the Vendor 35 years ago. The vendor also stocks a range of motor cycle accessories including clothing and crash helmets. There is huge scope to develop the sale of used motor cycles which the Vendor will be happy to explain to serious buyers during a viewing. Current turnover is divided 80% from repeat business and 20% new business generated from word of mouth recommendation and on-page advertising in Yellow Pages and the local Free Ads newspaper.

BUSINESS PREMISES:
(all sizes are approximate & should be considered 'nominal'.)
The ground floor lock-up premises are situated on the busy A3 between Waterlooville and Portsmouth which generates significant volumes of passing trade. The retail area measures approximately 60ft/18m x 20ft/6m (1,200 sq ft/108 sq m) including the parts store and customer service counter. The workshop measures 30ft/9m x 20ft/6m (600 sq ft/54sq m) including the staff kitchen.
Note:
Where items of equipment and appliances are mentioned, no warranty is given or implied as to their operational condition.

EQUIPMENT INCLUDED:
(all sizes are approximate & should be considered 'nominal'.)

1 x Butler Superbike Tyre Machine, Static tyre balancer
and accessories
1 x Snap-on Mig 130 welder
1 x Air link compressor
1 x Snap-on 20 tonne press
1 x Parts cleaning bath (non-contract)
1 x Microfiche parts catalogues machine
1 x Electric hydraulic work bench
1 x R&R Manual work bench
2 x Abba stands with adaptors
1 x Abba super lift including wheels
1 x Sparco fork spring compressor tool
2 x Record vices
1 x Laser brake piston removal kit
1 x Snap-on compression tester
1 x Scissor jack
Assorted paddock stands
Assorted fork tools
1 x Fujitsu Siemens computer with Bike Tech software
1 x Olivetti till
1 x Brother printer
1 x fax machine
1 x Chubb alarm system (maintenance contract in place)

TENURE:

The vendor is offering the freehold with vacant possession

RATES:

The rateable value of the business premises is £7,700 with rates of £ payable in 2012/13. The purchaser may qualify for Small Business Rate Relief for these premises subject to status.
NOTE:
This information has been obtained either from the current rate demand for the property, by telephone from the local authority or by reference to the VOA website. The amount payable is the standard rate for the Rateable Value shown. In some circumstances this may vary, and therefore it is recommended that potential buyers make their own enquiries through the local authority to check the applicable rateable value and whether the rates payable will be the figure quoted above.

SERVICES:

We understand from the vendor that apart from gas, all main services are connected to the property.

HOURS:

Monday to Saturday 0900 to 1700
Sunday Closed

STAFF:

The Vendor and his partner run the business full time with no other staff employed.

STOCK:

The vendor informs us that the value of the stock is approximately £3,500

LEGAL FEES:
Vendors and Buyers each to meet their own legal costs, but if a lease is to be assigned from the vendor to the buyer they will also be expected to share the landlord's legal costs on a 50/50 basis. If a buyer wishes to negotiate a 'new' lease, they will be responsible for all the landlord's legal costs.

COMMENTS:
The Vendor wishes to retire creating an exciting opportunity for a new owner to build on the solid foundations laid down by the Vendor.
Financial information will be made available to seriously interested purchasers after they have formally viewed the business.

Property information

Property:

Freehold

Location:

LOCATION:

In the Borough of Havant, this established community business has been operating successfully in a desirable dormitory town located on the A3 since the Eighties and is close to the commercially vibrant city of Portsmouth.

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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