Parking/garage for sale in Seabank Road, Wallasey CH45

£55,000
Parking/garage for sale
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Property description

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.


Introduction


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.


Location


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.


Reason for sale


Sea Bank Motorcycles is only being offered for sale due to our clients other business interests.


Lease


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.


Building layout and design


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.


Staff


The business has no staff in employment as the business is currently managed by our client and partner.


Financial details


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.


Summary


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

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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