Business Hilton Smythe welcomes to the market this very well-established motorcycle sale, service, repair, parts and clothing specialist.
The business itself has been run by the current owner for many years and is very well known in the area. The owner is now looking towards other business interests.
They have a loyal customer base, having been in the area for many years and operate from a great location, with easy parking and access.
Stp Motorbikes have dealerships in place with Lexmoto, Herald Motor Co and Mutt Motorcycles and sell an extensive range of bikes. They are also well known for servicing and repair and have a good line in clothing, helmets, parts and much more.
It is very much a lifestyle business with potential for further expansion and improvement with Sunday opening. It is a large unit with plenty of unused space, which could be utilised for new ideas to increase the income stream.
As part of the business our client also runs an online parts business, this is not included in the sale; could be something the purchaser considers.
Location stp Motorbikes is situated on the edge of the city of Hereford on a large business park, having great access and parking.
The city of Hereford is only 3 miles away which offers all the amenities needed to include shops, schools, churches of various denominations and good access to all surrounding areas via the A49 and A438. The M5 motorway is also within easy reach for access North or south.
Premises The premises are set within a very spacious building covering 276.63 sqm, offering plenty of space for further development and expansion if required.
On the ground floor, is a large workshop, spacious retail space with counter, large office and his and hers wc’s.
On the first floor, is a large storage area, 2 big offices and other general storage.
There is also, a good sized front yard for motorcycle display and ample parking.
The business comes equipped with: - 2 x ramps Tyre changing machine Parts washer Ultrasonic bath Tyre rack3 x metal work benches Various other racking and shelving
Tenure We are advised that the business is being sold as a leasehold opportunity on a rolling lease.
Rent circa £10,000 per annum.
Hours Summer opening hours:
Monday: Closed Tuesday: 9:30 a.M. To 7:00 p.M. Wednesday: 9:30 a.M. To 7:00 p.M. Thursday: 9:30 a.M. To 7:00p.M. Friday: 9:30 a.M. To 7:00 p.M. Saturday: 9:30 a.M. To 7:00 p.M. Sunday: Closed
They usually close at 5/5.30 p.M. In the winter.
Staff The business is currently run by the owner and one full time member of staff.
Financial Profile We believe from the owner that the business is very much a lifestyle business and has a turnover of circa £60,000-£70,000 per annum, which could easily be improved.
According to the voa website the current rateable value is £10,250; however, the business benefits from small business rate relief so only pays £1200 per annum.
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