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Well Established Moped Hire Business In Mallorca For Sale

Palma Nova MAGALUF, Mallorca, Spain
Freehold Price:
€950,000 Furniture / Fixtures and Inventory / Stock included
Leasehold:
€475,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
€100K - €250K
Net Profit:
Available on request

Mallorca’s leading moped hire business, MED-PED, is now available for sale. After more than 40 years of successfully renting mopeds and scooters to tourists in sunny Mallorca, the time has come for a new owner to continue running this highly profitable company.

Based in Magaluf, this recreation and transport services business is in the perfect location to draw in tourists visiting Mallorca. MED-PED is located in the centre of Palma Nova, a tourist resort that accommodates more that 40,000 tourists. Due to this excellent positioning, the next owner will be able to continue taking advantage of an excellent footfall and high volume of passing trade.

Established in 1976, MED-PED has now earned a fantastic reputation for offering care hire services and hiring motor cycles, with the slogan “we rent fun”. This slogan has proved to be accurate as the business has earned positive reviews from countless tourists. The staff provide a welcoming and friendly atmosphere, which helps this business appeal to new visitors.

Competition to this business is small, with the number of competitors varying each year, but never exceeding more than 5. As a result of this, the next owner will be able to continue operating without the threat of losing customers to many other companies. There is also the possibility of expanding MED-PED into a franchise model in other resorts of Mallorca as well as in Ibiza. The current owner’s are happy to share ideas on these possible expansion plans during the sale of this business.

To ensure a smooth transition of ownership, the current owners are prepared to offer full support and training after the sale has been completed. The next owner will also be able to benefit from all of the inventory and stock being included with the sale of the business. This will allow for a new owner to be able to start trading immediately and hit the ground running.

For more information on this opportunity, contact the seller through the form below.

Property Information

Real Estate:

Available as lease or with real property included

Lease Terms:

MED-PED rents 5 commercial premises and at the same time owns another 4 commercial premises, making a total of 9 adjoining premises.

Leasehold Rent:

29.500.00 per annum

Location:

Located in the geographical centre of Palma Nova, Magaluf. This tourist resort accommodates more than 40,000 tourists and is based in the municipality of Calvia.

Premises Details:

9 adjoining commercial premises for rental offices, workshop and garages.

Size in square feet:
A total of 400 square meters, next to an open service area of 600 square meters for private use.

Business Operation

Expansion Potential:

MED-PED could franchise in other resorts of Mallorca as well as in Ibiza.

Competition / Market:

The number of smaller competitors varies each year, but has always been less than 5.

Reasons for selling:

Current owners retiring.

Trading hours:

From March to the end of October. From 09:00 to 19:00, 7 days a week.

Employees:
3 (including the 2 current owners).
Years established:
Since 1976.

Other Information

Support & training:

Yes, support and training given.

Website:
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Related Documents:
Leasehold asking price:
€475,000 - Furniture / Fixtures and Inventory / Stock included
Relocatable:
This business can be relocated.

Contact Information

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