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Listing ID: 1907453

Motorcycle To Trike Conversion Shop For Sale

652 W Fine Dr, Salt Lake, Utah, United States

$ 95,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 250k to 500k

Cash Flow: $ 0 to 100k

Business Description

Has been converting Motorcycles into Trikes and installing Sidecars for 13 years and is the premier trike shop in the western US.

We regularly serve customers in Utah, Idaho, Montana, Wyoming, Nevada, Washington, Oregon, California and Arizona. Business leases about 5000 square feet at a very reasonable rate. Space includes an office, small showroom and shop with four motorcycle/trike lifts.

We are dealers for the six major trike manufacturers: California Sidecar (CSC), Champion, Hanniigan, Lehman, Motor Trike and Roadsmith. We also represent several smaller manufacturers like Eurowing and DFT. We sell sidecars manufactured by Champion, Hannigan and DMC and motorcycle trailers by CSC, Champion, Motor Trike and Hannigan.

We are dealers for motorcycle parts and accessory suppliers including Kuryakyn, Custom Chrome, Parts Unlimited, Western Powersports, Big Bike Parts, Love Jugs, Mustang Seats, Ultra Cool, Amsoil and others. We consistently have almost 200 ads on eBay selling motorcycle accessories and parts removed from motorcycles during the conversion process. This is an asset sale.

Property Details

Size:

Approximately 50 ft deep by 100 ft wide.

Years Established:

Approximately 13

Property Type:

Lease

FF&E:

$ 25,000

Inventory Value:

$ 55,000

Other Details

Business Location:

Business is in a long single-story building facing the street. Customer parking is between the building and the street. Limited employee parking and receiving area is at the rear of the building.

Premise Details:

Leased space includes an office area, a sales area, a small display area for accessories and parts, a warehouse area, a shop and a lunchroom.

Competition:

No local competition. Some neighboring states have small shops but none of them have the selection nor expertise we have.

Expansion Potential:

The company has good relations with several local motorcycle clubs who bring a lot of business. Some potential remains for growth in relations with local clubs and bikers. The popularity of trikes is evident in the number of trikes seen on the road and at rallies. The business has strong potential for growth with increased attendance at rallies, stronger online presence, increased involvement with local riders and expanded offerings of used trikes.

Planning Consent:

Business has all required governmental approvals. New owner will be required to transfer licenses to new business entity

Operation Details

Employees:

2 full-time. Additional 3 part-time during summer.

Trading Hours:

9:00 am to 5:00 pm Monday through Friday

Support & Training:

Current owner will provide up to 300 hours on-site training

Miscellaneous

Financing Available:

Yes
Owner will finance up to 30% of purchase price for up to two years

Reason For Selling:

Retiring

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