Kawasaki Motorcycle Dealership Located In Lanner, Cornwall

Redruth, TR16 6AS
£750,000
Business ID:
#2566
£750,000
  • Ref: 2566
  • Type: Motorcycle
  • Availability: For Sale
  • Veritas Categories: Commercial Property, Motoring, - Motorcycle
  • Business ID: 2566
  • Commercial Tenure: Freehold
  • Make Enquiry

Property Features

  • Kawasaki Motorcycle Dealership
  • Highly Profitable
  • Freehold & Leasehold Option
  • Prominent Main Road Location
  • Genuine Retirement Sale
  • Exclusive Rights to Cornwall

Full Details

Kawasaki Motorcycle Dealership Located In Lanner, Cornwall
Freehold & Leasehold Option Available
Highly Profitable
Ref 2566

Location
This unopposed Kawasaki Motorcycle Dealership is located in the Cornish village of Lanner, Redruth, Cornwall. It’s situated with a prominent and highly visible trading position on the busy main road (A393) between Falmouth and Redruth and benefits from high levels of passing trade. The marine town of Falmouth is (8 miles) and the City of Truro (10 miles).

Freehold Asking Price: £750,000 plus SAV (£300,000)
Leasehold £425,000 plus SAV

Business Description
Veritas Business Sales are delighted to offer this established and very profitable Kawasaki Motorcycle Dealership which is located in the village of Lanner. The business has been established for nearly 40 years and has been in the careful hands of our client for the past 17 years. Reluctantly the business is now being offered for sale so that they can enjoy a well deserved retirement.
Kawasaki Cornwall is continually ranked amongst the top Kawasaki dealerships in the UK based on sales, customer service levels and market share and our clients have exclusive rights for Kawasaki in Cornwall. Since ownership they have continually invested in new equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and employs the help of 6 full time members of staff. For year ending 31st May 2020 they posted an annual turnover of £1,351,391 net of vat with a GP of £299,367 (22%) this period was only for 10 months due to the first Covid lockdown. The latest accounts will show a turnover of circa £2million plus and will be made available to all interested parties. Services include the sales of new and used motorcycles in addition to offering a comprehensive range of after care services from their workshop to include MOT testing. They also stock an extensive range of protective clothing, boots, helmets and accessories that are available in the store and online. The business enjoys a strong reputation locally for its high quality products and servicing and as such has a high level of regular local trade as well as enquiries and sales coming in from all over the UK. . This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Opening Hours
Monday – Friday – 9.00am –5.30pm
Saturday – 9.00am – 5.00pm
Sunday – closed

Ground Floor
Motorcycle showroom (16.1m x 15.9m) comprising: open plan showroom with space for over 100 bikes, 3 sales desks, non-slip flooring, reception area for service centre, vending machine, commercial heater (Thermobile) and 30” TV monitor (Alba),
Office (3.3m x 3.4m) with office furniture, 2 computers with keyboards and monitors.
W/C with wash basin.
Workshop (5.6m x m x 10.6m) comprising: 3 hydraulic motorbike scissor lifts, semi-automatic tyre changer (John Bean T200m), various garage tooling, assorted work benches, diagnostic machine, wheel balance machine (Balco), various work benches, various tool kits, soldering unit, MOT break testing unit and stairs leading to a parts store.
Staff W/C with wash basin.

First Floor
Retail clothing & apparel showroom (9.0m x 5.53m) comprising: comprehensively fitted retail space with various fixed and freestanding clothes rails, various adjustable shelving systems and service counter with electronic till.
Customer changing room (2.0m x 1.5m).
Parts store (5.7m x 5.5m) with various shelving.

Lease
New lease available.
Rent £30,000 pa

External
Gated rear compound with staff parking. Frontage with customer parking area for numerous vehicles. Two shipping containers which are accessible from the main showroom that provide useful secure storage in addition to housing the Compressor unit.

EPC Rating B