Hilton Smythe welcomes to the market Bike Treads. This motorcycle showroom was originally established in 1987 by our clients. The owner is now looking to sell due to the desire to take a well-deserved retirement.
The business runs as a motorcycle showroom, offering a range of bikes and scooters. They are an exclusive dealer for Sym, Keyway and the Rieju brands and are the only official company in Wiltshire to do so. The retail space also offers a range of accessories and products to compliment the trade. This business comes with a fully fitted garage, that provides a range of services such as repairs, mot’s, services, paint jobs and more.
The business generates a healthy turnover of around £339,000 per annum as of the 2016 accounts, the gross profit is around 22%. This is a healthy turnover, however, we feel this could be increased. One way the new owner could look to boost turnover would be to offer a wider selection of vehicles in the showroom.
The business advertises on free social media sites such as Facebook. They have over 400 likes on their page, from where they promote new stock lines, bikes, events and new promotional offers. The business also has a well-presented website. From the site customers are able to book their vehicles in for an mot.
The business has an excellent reputation in the area due to the long establishment. Over the years the garage and store have built up regular loyal clientele. The diary, contact lists and service information are included in the sale.
This is a fantastic opportunity for a purchaser looking for a business already run to an exceptional standard. Hilton Smythe highly advise early viewing for any purchaser interested in the trade.
Bike Treads is located on an industrial estate in Swindon, Wiltshire.
It is a small pleasant estate, which has a plethora of business, complementing this motorbike showroom and garage. There are car garages, mot centres, parts shops, window tinting companies and more in the area. This is a fantastic location for any business. There is a generous amount of trade in this area due to the many retail outlets.
The industrial estate is just off a main road that runs from the centre of Swindon up to the A419. The A419 connects to the motorway and leads into Cheltenham. Swindon town centre is just a 10 minute drive away. This bustling town has great roads and generous public transport. Close by the business are bus stops which have regular routes into Swindon. There is also a train station which is approximately 1.5 miles away.
The business is located inside a large industrial unit. This is a substantial sized premise, with attractive signage. There is an entrance into a retail space and reception. To the side of this is another entrance which leads into the workshop.
The show room is a great size and has a great range of stock. The workshop comes filly fitted and is well equipped for the trade. There is also a separate office and a staff room with a kitchen.
Equipment included in the sale is as follows-
2 x Computers
Gas-powered hot air blower
Fuel compression tester
Selection of tools
5 x Ramps
2 x Tyre changers
On the first floor of the property is a further showroom space. There is also a storage area and spray booth and bead blaster.
Outside of the property there is 8 parking spaces.
We are advised the business is leasehold.
Remaining lease as of 2016: 4 years
Rent: £25,000 per annum
The business opening hours-
Monday - Friday: 9am – 5:15pm
Saturday: 9am – 1pm
The business is run and managed by our client with the help of 6 members of staff.
The business generates a turnover in the region of £339,000 per annum as of 2016 accounts.
Gross profit 22%