Cycle Shops for sale in Leicestershire

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Y. MacGregor (Nov 2017)
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Freehold Price: £399,995 Price Reduced Leasehold Price: £55,000 Price Reduced Annual Turnover: £404,239 Gross Profit: £110,247
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Business Description
Business Spread Across 2 Properties
Established Since 1973
2 Bedroom Accommodation With..
..Rental Income of £5,100 Per Annum
Profit & Loss 30th Nov 2017
Annual Turnover £404,239
Gross Profit £110,247
Accounts Available After Viewing
Retirement Sale
Parking To Rear For 4-5 Vehicles
Scope To Trade Mondays & Sundays

Blacks Brokers are pleased to bring to the market this exceptional, long established and profitable motorcycle dealership in Elliston, Leicestershire. The business is spread across 2 properties: 64a & 69 Whitehill Road. This opportunity is offered on either a freehold or leasehold option.

North Leicester Motor Limited (trading as North Leicester Motorcycles) has been trading here on Whitehall Road for over 40 years, with our client setting up the business in 1973. This exceptional business and its incredible trading history are well known within this industry nationwide. The business has a reputation second to none and our client has built up a most impressive database of customers and clients. Both businesses are connected through software links to assist and manage stock levels and management.

This business is now offered for sale now due to retirement, this is a particularly exciting opportunity for a new, knowledgeable owner to really push the business forward and enjoy all the benefits put in place by our client already.

Ellistown is a village around two miles South of Coalville in North West Leicestershire, midway between Leicester and Loughborough and has excellent links to the M1, M42 and M69. This business is housed within two properties which are located directly opposite each other on a busy main road.

69 is a detached , two story, single fronted building which houses the workshop and customer reception. a recent extension houses a washroom and toilet. It has a large forecourt and parking for 4-5 cars at the rear. The extension is used for storage or additional service and repairs. On the first floor there is a self contained flat, presently providing a rental income of £5,100.

The flat is spacious with a large living room, separate kitchen and bathroom, one double bedroom, and one box room all in good condition. It is double glazed and centrally heated throughout. It is quiet , private and secure.

The second property, 64a is a large terraced, two storey, double fronted building which houses the showroom and an office on the ground floor, and a large spares and parts store with a service counter on the first floor.

Every area is well presented and space is well used. The business would ideally suit an enthusiast or existing motorcycle dealer looking to expand into this area and extend its portfolio into this niche market.

North Leicester Motorcycles has been serving the Italian and classic motorcycle community and in particular “Moto Morini” for over 40 years and has a strong customer base through lucrative online sales throughout the world, the business is also an approved MOT testing station and has been so since inception. The business is positioned in an excellent trading position comprising of two adjacent properties with an extensive showroom, workshop and stores, as well as a private living accommodation. Improved accounts are available on request. The vendors offer this sale with both leasehold and freehold options and early viewing comes highly recommended.

Motorcycles and spare parts are offered at cost

A Full Inventory Is Available On Request
Trading Hours:
TUE - FRI: 08:30 - 17:30
SAT: 09:00 - 15:00

Tenure: Freehold, Leasehold

Accommodation Details:
2 bedrooms - 1 double and 1 single room

Location Details: Ellistown

Leasehold Term: Rent: £341.34 Per Week - Both Properties

Downloadable Documents

Listed by: Blacks Business Brokers Limited

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