Opposite fuel filling station with Costa coffee & Spar convenience store
Superb financial history
Premier South East dealership
Prominent position fronting main ‘A’ road. Excellent investment opportunity. One of the South Easts Premier, long established multi franchised motorcycle dealerships. Currently with 3 marques, Suzuki, Kawasaki & Royal Enfield dealing with sales, servicing and MOT testing as well as accessories, spares, clothing, motorcycle training etc.
The business has traded from this location for over 50 years with 2 newly built air conditioned showrooms displaying bikes at ground floor in both showrooms with accessories, parts, clothing etc. at first floor. There are further units to the rear offering servicing, tyre fitting and MOT testing as well as an enclosed parking area with further parking & display to the front of the site.
The business is run as a Limited Company with accounts showing turnover exceeding £3.1M (year ending 31st March 2017 ) with good gross and net profits.
On completion of the sale the business will enter into a new fully repairing and insuring lease for a term of 10 years at a commencement rent of £70,000 pa subject to rent review and tenant only break option at 5th anniversary.
Offers sought in region of £1M showing a return of 7% before purchasers costs.