Ref 5581 – Leasehold Motorcycle Sales, Repair & mot Business
Blacks Brokers are proud to bring to the market this leasehold motorcycle sales, repair and mot business located in the much sought after area of Wallasey, Merseyside.
Seabank Motorcycles has been trading on Seabank Road since 2007 when our client took ownership although a business of the same nature was located here for many years before. During that time, the business has firmly established itself within this business sector and has secured a large and loyal repeat customer base along with being only one of two dealerships in the Wirrall to offer the Sinnis range.
Wallasey is a popular and busy seaside town in Merseyside. The area is well known and popular with residents, businesses and visitors. The business is positioned on a busy main road – the A544 connecting New Brighton with Birkenhead. This highly populated residential area is close to the junction of Seabank Road with Rowson Street & Molyneux Drive.
Sea Bank Motorcycles is only being offered for sale due to our clients other business interests.
The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The current lease is a rolling 5 year lease with rent reviews every 5 years. The current lease began in 2012 at a cost of £138 per week – the landlord is open to negotiation and the issue of a new lease to a new owner.
Sea Bank Motorcycles is housed within a large, terraced retail unit that is double fronted with a forecourt to the front. The business is well branded with clear signage on display and three entrances with additional space for vehicle access. Inside is a large, well presented showroom area, with displays and office space. In addition, there are two workshops to the rear and two storerooms as well as a private office and toilet.All areas are well presented with good quality equipment, fixtures and fittings in place and a full inventory is available on request.
The business has no staff in employment as the business is currently managed by our client and partner.
Financial details are available upon a viewing of the business which has traded solidly over its trading history. The business has a Projected Annual Turnover (2019/20) £115,000, with a Projected Gross Profit (2019/20) Gross Profit £52,000 and a low rent.
This is a fantastic opportunity for a new owner to acquire a popular and well known motorcycle specialist business in a superb location. The business has a superb reputation in place and a large customer base. Most income is generated by mot's, services and repairs rather than bike sales. This proposition would ideally suit an owner operating team or similar business that could push the business forward and build upon the solid and impressive trading foundations. Early meetings with our client are strongly advised. Business: £55,000.
Please quote ref: 5581