Location: Lincolnshire
Asking Price: £79,000
Turnover: £717,000
Net Profit: £60,000
Asking Price Includes:
Turnover of c. £717,000
Gross Profit of c. 20%
Net Profit of c. £60,000
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. £717,000
Gross Profit c. £145,000
Adjusted Net Profit c. £60,000 before owner's drawings
Asking price:
The asking price of £79,000 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:
The profit of the business before the owner's costs varies between £55,000 and £75,000 depending on stock levels.
Employees:
There are two full time employees. A mechanic and a sales supervisor.In addition. the owner works in the business.
Handover If required, the owner is prepared to work full time in the business after the sale, for up to two years and part time for a further year on terms to be agreed.
Reason for sale:
Retirement.
