Groombridge Motorcycles, Mayfield Garage, Mayfield Road, Cross-in-Hand, East Sussex. TN21 0SP – TN21
For sale £275,000 11,119 sq ft
Long established business opportunity
• Main 'A' road location
• Recently constructed showrooms
• Opposite Esso fuel filling station with Costa coffee & Spar convenience store
• Superb financial history
• Premier South East dealership
• Shares in the business are offered for sale
Prominent position fronting main \’A\’ road. Excellent business opportunity. One of the South Easts Premier, long established multi franchised motorcycle dealerships offered for sale. 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 recently constructed 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.
The premises are held under the terms of a normal fully repairing and insuring lease for a term of 10 years from December 2018 at a rent of £70,000 pa subject to rent review and tenant only break option at 5th anniversary.
This shop, retail unit for sale is located in TN21.