Garage for saleUnity Road, Bristol, BS31
- Business for sale
- Ref 14074 H
Hilton Smythe welcomes to the market JHS Racing, For Sale due only to our client's wish for a well-earned early retirement.
JHS is the South West's leading independent motorcycle workshop and performance centre, offering services such as motorcycle servicing, motorcycle tyres, MOT Testing, suspension services, performance parts, dyno engine tuning, aqua-blasting and restoration, for road motorcycles, track or race machines.
As the leading centre for Bristol and the wider South West catchment area, JHS offers experience and exclusive knowledge in maintenance, service and repairs, for such marques as Aprilia, BMW, Ducati, Honda, Kawasaki, Suzuki, Yamaha, and Triumph. This also affords the business a well-earned, enviable, and unique relationship, in respect of both general and performance parts, with many of the manufacturers and suppliers.
Reinvestment into racing, sponsorship and name awareness has help to build the JHS brand to its current healthy and respected market position.
In our client's ownership for many years and locally renowned throughout the South West, the business has become known for its excellence, and being largely unopposed has become the 'go to' centre for all things motorcycle. Benefitting plenty of regular, repeat, and new custom, JHS Racing has a solid and large existing client base.
Our client has established direct accounts/relationships with a major motorcycle brand, numerous tyre companies and numerous exceptionally high quality parts companies. In addition, the business has secured their area of the UK as being authorised centres of dealership and service for these companies, and whereby they will not grant further accounts to alternative companies.
There is a fantastic, modern and engaging website www.jhsracing.co.uk , plenty of social media, name awareness, and quality online feedback and internet presence. JHS is renowned for only ever using original and high quality parts to manufacture specifications.
Although an already successful business with excellent historic accounts and financials, there is always room for organic growth. The business turnover annually has always been consistent, with excellent annual accounts.
Ideal as a bolt-on business to an existing operator seeking to obtain another geographical area, or an experienced partnership with the same passion and enthusiasm for the sector as our client.
JHS Racing is located in Keynsham, on the outskirts of the City of Bristol, within the county of Somerset.
Easily locatable with vibrant and visible signage, JHS Racing Ltd is situated on a busy industrial park within the vicinity of many complimentary businesses. There is plenty of on and off street parking to the approaches and surround, with JHS having several dedicated patrons parking bays.
Keynsham is a busy and popular suburb on the outskirts of the City of Bristol with a wider population approaching circa 500,000 people, and offers a fantastic and largely unopposed customer catchment area for this type of business and its services. Keynsham, and Bristol itself has superb major road connections via the A4 Bypass, M5/M4 Motorway network, and offers excellent public transport and existing infrastructure. Bath, Cheltenham, and Gloucester are also within easy reach.
The business currently operates from two adjoined traditional commercial and industrial units at ground floor level, with roller shuttered doors, largely open plan, circa 200 sqm in total.
Briefly comprising, reception area, plenty of staffing and ancillary space with kitchenette and WC's, 2 large open plan workshop spaces, comprehensively equipped and briefly incorporating but not exhaustively, all specialist tooling including 'Snap-On', ramps, stands, compressors, diagnostics equipment, specialist tyre fitting and balancing equipment, further storage and ancillary areas.
5 motorcycle ramps and additional specialist bikes stands and engine stands
MOT bay fully installed - class 1 & 2
Dynojet 250i dyno with tuning link software
Direct ECU mapping/flashing software/equipment
Specialists motorcycle suspension service tools and equipment
Full machine shop equipment
Welding equipment for a wide range of metals
Vapormatt Aqua blasting machine
Networked computers with SAGE installed and supported software plus 2016 purchased Xerox printer
Reception/office with WC
Separate customer waiting area with kitchenette and WC
Large upstairs storage area accessed by stairs
2015 registered company van (purchased from new).
We are advised the business is being sold as a Leasehold opportunity
Original lease length: 10 Year Renewable Term (two units)
Remaining lease length: 3 Years
Review period: 5 yearly
Rent: £14,964 (total).
The business opening hours:
Monday to Friday 9.00am to 5.30pm
Saturday 9.00am to 1.00pm
The business is run by a hands-on husband wife team, with the help of 5 full time staff including Mechanics and Administration.
Accounting information for the year ended 2016 shows an annual turnover of £454,256 with a gross profit of circa 20%.
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