Hilton Smythe is delighted to welcome to the market On 2 Wheels in Sheffield, South Yorkshire.
The businesses main source of income is derived from the sale of scooters and motorcycles, restoration work, spare parts, accessories, helmets, a small amount of clothing and a limited amount of second hand sales of scooters and motorcycles. The business also specialises in classic and modern repairs and restoration.
On 2 Wheels was established by our client in 1996 and is only now offered to the market due to family commitments. The business has an excellent reputation within the area and has a loyal customer base with a high volume of repeat trade.
Currently the business trades 5½ days per week and generates a turnover in the region of approximately £78,000 with a gross profit of 18%. There is scope to develop the business further by extending the opening hours and developing the existing website to offer spares and accessories.
We would highly recommend early viewing of this excellent business opportunity.
The business is located in the City of Sheffield, once internationally renowned for its steel production, Sheffield is now a vibrant metropolitan city.
The property is located on the busy Broadfield Road. The business occupies a small industrial unit next to a MoT station for vehicles and motorcycles and is within close proximity to industrial, commercial and residential premises. The unit is in an ideal location for this type of business with Sheffield City centre being approximately 3 miles away.
The City has excellent road links and is connected to the national motorway network by the M1 and M18. As you would expect Sheffield has a mainline train station and a busy bus station providing a regular service throughout the city and out to surrounding areas.
On 2 Wheels occupies a lock up premises briefly comprising:
Sales and display area with various display shelving to perimeter walls, tiled flooring, uPVC ceiling cladding, and trade/sales counter.
Servicing/repair area with bike lift, repair unit and a full array of tool kits.
Kitchen and separate WC to rear.
1st floor with storeroom office and WCs.
To the front of the premises is a display forecourt.
We are advised Leasehold
Original lease length: 9 years.
Remaining lease length: 4 years.
Rent: £575 per month.
The business is open:
Monday to Friday: 9.00am to 5.00pm
Saturday: 9.00am to 1.00pm.
Our client employs 1 part-time staff member for 2-3 days per week
The business generates a turnover in the region of approximately £400,000 with a gross profit of 18%
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