Property Descriptions

Location: Lincolnshire Asking Price: £110,000 Turnover:  £717,000 Net Profit: £55,000 Asking Price Includes: Turnover of c. £717,000 Gross Profit of c. 20% Net Profit of c. £55,000 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. £55,000 Asking price: The asking price of £110,000 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 varies between £55,000 and £75,000 depending on stock levels.  Employees: There are two full time employees. A mechanic and a sales supervisor. Reason for sale: Retirement.