Leasehold Motorcycle Performance Centre Located In Meriden For Sale
Approved Dynojet Tuning Centre
(2800 sq ft) workshop approx
This respected Motorcycle Performance Centre is located in Meriden. It sits within a highly visible and prominent trading position set back from the road (B4102). Meriden is an affluent village that sits between Solihull (6.4 miles) and Coventry city centre (7.4 miles). Within a few hundred yards you can link to the (A45) which gives easy access to Birmingham Airport (4.3 miles), the (M42) motorway which opens up all major motorway networks. Although the business is currently located here it would be fair to say that it could easily be relocated.
Asking Price: £87,500
Turnover: £186,913 pa
GP: £123,033 (66%)
Veritas Business Sales are privileged to offer to the market this outstanding Motorcycle Performance Centre which is located in Meriden. The business was established by three partners 3 ½ years ago and is reluctantly being offered for sale due to other pressing business interests. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included with the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Road & Race Performance Limited is operated on a day to day basis by one of the partners with the other two on hand as and when required. For the year ending May 2018 the annual turnover was £186,913 with a GP of £123,033 (66%). They operate from a 2,800 sq ft, state-of-the-art workshop and work with road, race and motocross bikes. A majority of the work carried out is performance related work where they are the only Dynojet approved motorcycle performance centre within the West Midlands and Warwickshire. Work also undertaken includes annual servicing, MOT’s, engine diagnostics, engine rebuilds, suspension & handling, tyre fitting and accident repairs. All work is carried out by full trained technicians where attention to detail and the highest quality customer service is guaranteed. They have built a loyal database of approximately 1500 customers with 7,500 Instagram and 1,600 Facebook followers. We believe that there is further potential to increase trade should you wish too as its currently only operating at 45% of its potential capacity. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade which is a great base to build upon and as such early viewing is strongly recommended.
Monday – Friday – 9.00am – 6.00pm
Saturday – 9.30am – 5.00pm
Monday – Friday – 9.30am – 5.00pm
Saturday – 9.30am – 4.00pm
Rent: £20,900 pa
Business Rates & Bills: inclusive
Office/workshop (Sub-let £50 per week).
Main office with desk.
Hallway/MOT waiting area with desk and customer seating area.
Clean/engine suspension room with work benches, hydraulic press and cleaning tank.
Main workshop comprising: Dynojet rolling road, 2 x ramps, workbenches, 6 x 5 shelf metal storage racks, hoist, 2 x tool chests, lathe, air compressor, air lines, tyre changing machine, wheel balancer, retail sales & display stand and 2 x 5 shelf metal storage racks.
MOT bay with roller shutter openings.
Kitchen with sink, base units, tea & coffee area and microwave.
Front customer parking for (5).
The property benefits from CCTV & an intruder alarm