Highly Reputable Motorcycle Garage Business For Sale in Plymouth

Plymouth, Devon
REF: INT2045

Asking Price:
£89,950
Annual Turnover:
£135,000
Annual Net Profit:
£40,000
REF: INT2045
Photo of Highly Reputable Motorcycle Garage Business For Sale in Plymouth
Photo of Highly Reputable Motorcycle Garage Business For Sale in Plymouth
Photo of Highly Reputable Motorcycle Garage Business For Sale in Plymouth
Photo of Highly Reputable Motorcycle Garage Business For Sale in Plymouth

Overview

Tenure:
Leasehold
Established:
1983
  • Excellent Reputation
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Well Equipped Business
  • Equipment Included

This is a brilliant opportunity to acquire a reputable and well-established motorcycle garage in Plymouth, offering motorcycle repairs, MOT and servicing to motorcycles from all the main manufacturers including full system diagnostics, concentrating on larger bikes as a preference.

Originally established in 1983 as a bike garage, the business has built a very loyal customer base and since the vendor bought the business in 2007, it has been highly successful in the classic and vintage bike industry. Due to their excellent reputation, customers with classic bikes will travel from further afield to have their bikes serviced and maintained.

During the winter period, the business offers repairs and re-commissioning of classic motorcycles alongside engine work if required, due to most modern large bikes being taken off the road throughout this time.

They offer a high quality of workmanship, and affordable prices and are already a well-established company.

The business sees more footfall during the summer due to the type of bikes they service being ridden for pleasure rather than necessity, however, has great potential to expand with more trained mechanics and stronger social media channels.

Located in an industrial park on the eastern outskirts of Plymouth, the premises are fully equipped and is highly secure.

The two-storey premises has a downstairs reception area and a good-sized garage with a fully equipped motorbike MOT bay. Furthermore, they have a workshop with 3 ramps and a tyre fitting area which is again, fully equipped.

Upstairs the business has a secure storage area and toilet, the area has a steel-reinforced, padlocked pedestrian door and a roller shutter main entrance with a scaffold bar for extra security.

There is one main member of staff who is a trained bike mechanic - there is room and demand for an extra mechanic for a potential buyer to scope.

The vendor is very happy to stay on post-sale in order to introduce the potential buyer to their clients and suppliers.

The potential with this business is great due to its already established reputation and client base when it comes to classic bikes.

There is already the demand to expand the team with another mechanic, expanding the business's capacity. A new owner could also look to branch out into bike sales, as their existing reputation would certainly draw their loyal customers in to purchase.

There is also the scope to expand into the servicing of all sizes and makes of bikes, expanding their service offering. By growing its social media channels and optimising its website would help the company's digital presence and get them in front of more potential customers.

Features

Key Information

  • MoT Centre: Yes
  • Number of Ramps: 3
  • Tyre Sales: Yes

Reputation

  • Google: 4.8

Online Presence

  • Facebook: Yes

Website: www.mscmotorcyclerepairsplymouth.co.uk

Location

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  • Close to Local Businesses
  • On-Site Car Parking
  • Limited Competition

Property

Annual Rent
£10,000
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Year)
2022
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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