Hilton Smythe is delighted to welcome to the market this well established and busy motorcycle sales and repair business, which is ideally located in Bude, Cornwall.
Our client established the business over 35 years ago, and only now is it offered to the market, due to our client's desire for a well-deserved retirement. The concern operates 5½ days per week and generates a turnover in the region of £103,672 per annum, with a gross profit of approximately 32%, as per the 2016 accounts.
Our client offers a wide range of goods and services including motorcycle sales, MoTs, tyre changes, wheel balancing, wheel building, servicing, sonic cleaning, full bike rebuilds and diagnostics, to name a few, as well as the sale of clothing, helmets, boots, gloves, waterproofs and bike covers.
All the staff have a combined wealth of experience of over 90 years within the motor/motorcycle trade, all with mechanical and sales experience. The business buys, sells and restores any British, European, Japanese and USA bikes. The property boasts 138 sq. metres of floor space, is very well maintained and fitted out to suit the trade with a fully equipped MoT bay. We are advised the business sells a large volume of motorcycles per year and produces between 300-400 MoTs per year, at a cost of £29.65 per MoT.
Our client is willing to offer a handover period for the business for an agreed time period. The business has a fantastic reputation within the area for the very high quality of the goods and services offered, which has resulted in a very loyal client base, with a good volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours. A new owner could embark on a small marketing campaign to highlight the goods and services offered. The business already takes advantage of the social networking website Facebook, with a page which has 1,000 likes, as well as a 5 star Autotrader account and an eBay account.
This is an excellent opportunity for a new owner to acquire a busy motorcycle sales and repair business, which massive scope for growth; therefore, early discussions with Hilton Smythe must come highly recommended.
TENUREWe are advised Leasehold:
Rolling monthly lease
Rent: £13,600 per annum
HOURSThe business is open:
Monday - Friday: 9.00am - 5.00pm
Saturday: 9.00am - 1.30pm
STAFFThe business is owner run and managed with 2 x part time and 1 x ad-hoc staff members.
FINANCIAL PROFILEThe business generates a turnover in the region of £103,672 per annum, with a gross profit of approximately 32%, as per the 2016 accounts.
Ace Motorcycles occupies substantial lock-up industrial premises, which is located on the outskirts of Bude in Cornwall. The property is situated on a busy industrial estate, surrounded by complimentary businesses; therefore, benefiting from a high volume of footfall and passing trade, as well as excellent parking facilities to the front of the premises.
Bude is a small seaside resort in north Cornwall, with a residential population of 9,934, as per the 2011 census. The town lies at the mouth of the River Neet. Bude is a family resort, famous for its pastel painted beach huts and wide sandy beaches. The town centre has a good mix of independent shops, as well as cafes, bistro's, pubs and restaurants. Bude is very popular with surfers, due to the powerful waves and high seas.
The area of the property is served by the public transport system, with bus stops just a short walk away. The closest railway station is in Bodmin, which is approximately 30 miles away. The area is also well served by the A-roads, with the industrial estate being located on the A3073, which links to the A39 and the national A-road and motorway networks. Bude lies to the southwest of Stratton, south of Flexbury and north of Widemouth Bay.
Substantial industrial unit in a prime trading location, briefly comprising:
Large roller shutter door.
Main sales floor with serve over counter.
Rear MoT servicing and workshop with staff areas.
Mezzanine floor, for the sale of clothing, accessories and some storage.
Fully kitted and tooled workshop.
Fully equipped MoT bay.
Shelving and display stands.