Strategic Analysis with current research! The Motorcycle Dealer, Inc.
Starting a motorcycle dealership with imports, however, requires more than a love of curvaceous cruisers or agile crotch rockets. Like any business, selling bikes mandates obtaining permits and selecting the ideal floor space.
Verify state requirements and perform the steps necessary to procure a business and import license. Small Business Administration explains that to obtain an auto dealer permit in Florida, for instance, the owner needs to register for taxes, gain a business license and prescribe to the requirements of the Department of Highway Safety and Motor Vehicles and obtain local permits.
Examples of local permits include signage, zoning and occupational permits. Acquire capital for the business by getting a business loan from a financial institution or getting startup money from friends or relatives. Apply for a business loan by submitting a business plan.
To gauge expenses, calculate how many bikes you wish to purchase for the first order, staff salary, pay for mechanics and inventory for parts. Contact the manufacturer of the brand of bikes you wish to sell and arrange a purchasing order.
Discuss warranty options, shipping fees and bills of sale regarding customs. Bargain for advertising via posters and Web promotion on the end of the manufacturer. Also check how much floor space you must devote to their bikes and how much may be allocated to additional, competing brands.
Hire dealers and mechanics. Choose staff with working knowledge of motorcycles: They should be aware of how the product offering differs from other bikes, the specs of the motorcycles and the financing options available.
Bill Kresnak, author of the book "Motorcycling for Dummies," explains that dealers should have working knowledge of starting the bike, its controls and assessing fluid levels. Offer staff members the chance to issue motorcycle safety courses to customers as a way to gain additional revenue. Buy ancillary items such as parts and motorcycle gear to accommodate low profit margins from selling the actual bikes.
Stock up on helmets, jackets, decals, and bike add-ons such as wind visors and T-shirts. Get a surety bond for your dealership. Although states often require this to obtain a business license, this bond also gives buyers a peace of mind from financial transactions and contractual agreements that have soured.
Verify the bond purchased is listed by the U. Treasury to ensure legitimacy.Apr 26, · How to Become a Motorcycle Dealer. Owning your own dealership sounds like a dream come true for someone who loves motorcycles.
Making a business out of it is hard work, but starting your own shop and making it successful is a rewarding 80%(50). Auto Sales Business Plan New and used car dealers can organize financial plans and predict profit and loss for their auto sales in the public and private sector with this free, printable business plan.
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The purpose of this business plan is to raise $, for the development of a motorcycle dealership while showcasing the expected financials and operations over the next three years. The Motorcycle Dealer, Inc.
(“the Company”) is a New York based corporation that will provide sales of motorcycles, sales of after market parts, and. timberdesignmag.com BUSINESS PLAN (COMPANY NAME) (COMPANY NAME) (STREET ADDRESS) (CITY, STATE ZIP CODE) (CREATION DATE). Use and Reprint Rights for Your FAST Business Plan Template.
This template has been written to . Business Plan of a Motorcycle Company Case: Motosi Oy Jukka Ranne Bachelor’s thesis March Degree Programme in The purpose of this Thesis is to explain in detail the Business plan of Motosi Oy.
The company is a small start-up company that buys motorcycles from.