Location: Lincolnshire
Asking Price: £149,000
Turnover: £800,000
Net Profit: £75,000
Asking Price Includes:
Turnover of c. £800,000
Gross Profit of c. 20%
Net Profit of c. £75,000
Over 20 years trading
Superb customer testimonials
Long-time established main dealership
Fully equipped service bay
Stock including clothing, helmets etc.
Substantial investment in a number of online channels
35-bike showroom
Introduction:
Turner Butler has been appointed to invite offers of purchase of the issued share capital of this long established reputable motorbike showroom and servicing bay.
Business Profile:
The business offers a comprehensive range of new and used bikes. They are a main dealer for Royal Enfield. The showroom is complemented by a fully operational adjoining workshop.
Customer Service:
The business prides itself on exemplary customer service. This is borne out by the significant number of positive customer testimonials.
Key Strengths:
Over twenty years of successful trading with long standing relationships with most manufacturers. They offer a superb selection of warranted bikes to suit all customer requirements; they stock a comprehensive range of clothing and accessories and have an adjoining workshop for repairs and servicing.
Financial Performance:
The goodwill of 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.
Turnover c. £800,000
Gross Profit c. £160,000
Adjusted Net Profit c. £75,000
Asking price:
The asking price of £149,000 includes clothing stock and all equipment, Surplus cash will be paid for on top of the sale price on a £ for £ basis.
Growth and Expansion:
Growth in revenue has been historically consistent and this year's anticipated adjusted net profit is likely to be in excess of £90,000.
Employees:
There are two full time employees. A mechanic and a sales supervisor.
Reason for sale:
Retirement.
