A unique opportunity exists to own & operate Kyogle Motorcycles. Currently being offered with a healthy income from the showroom area and the workshop area. Also an opportunity for a motivated buyer to increase profitability by increasing current opening hours of the workshop, and expanding the current product range in the showroom.
An independent, well patronised business with no competitors.
Located on the Far North Coast of NSW, approx. 40km inland from the coast, Kyogle is a medium sized town, with all government and health facilities such as police, local council offices, hospital, doctors, plus the usual shops, supermarket, hardware, 2 x schools etc. An hour & a quarter from Gold Coast airport, two hours from Brisbane, one hour from beaches.
Kyogle Motorcycles is the only motorcycle repair shop in the area, plus also a motorcycle specific accessory showroom. In the large area the business draws from, customers own a wide range of motorcycles, from farm bikes, quads & UTV’s, to road type bikes such as sportbikes & cruisers, and also very popular off road bikes, such as Japanese & European MX & Enduro bikes.
There is also weekday & weekend thru traffic from Brisbane &
surrounds. (See map).
A large, painted and well signed 9 x 20 Colourbond steel shed, facing north, so great aspect for winter & summer, with concrete floor, outside area & carpark. Located strategically in town, 500m from the Main street area that has many coffee shops and cafes.
Also close to two petrol stations and IGA
supermarket. Customers can leave their bikes and walk to the café, some even use the local pool to do laps whilst getting a service done or new tyres fitted. The shop is neighbouring a popular A1 auto parts retailer.
The large, well set out workshop area contains the usual items to run a busy business.
Items such as a brand new tyre machine, large capacity air compressor, bead blaster, bench grinder, drill press, hydraulic press, 3 bench vices in separate work spaces, designated suspension bench, nitrogen gas and rear shock rebuild equipment, storage areas, retractable air line, engine building bench, static hoist, mobile endless chain, large kero wash bath, large fan, are some of the equipment that come with the business.
The workshop is also an approved RMS Authorised Inspection Station for pink and blueslips.
Kyogle Motorcycles has a designated, separate showroom, currently operated independently from the workshop on Sat mornings. The showroom consists of a large tyre rack display with Dunlop MX &
road tyres, Katana batteries, Motul oil, MX clothing, air filters, handlebars, grips, Barkbusters, tyre levers, Camelbaks, gloves, mirrors, rim locks, Silkolene oil, a full range MCS lever board, oil filters, tubes, brake pads, MX & road helmets, blinkers, gear levers, battery chargers, goggles, puncture repair kits and lots more.
A well set up office area with a 4 draw filing cabinet, office desk and a laid out counter bench with easy to reach catalogues for retail point of sale.
There is a departmentalised electronic cash register, mobile EFTPOS machine, fast NBN connection, security cameras, and printer/scanner/fax machine. There also a small kitchenette with microwave oven, toasted sandwich maker, jug, sink and bench, with under fridge. Toilet at rear inside premises.
Overview of business:
Income is from the showroom, where sales are made from stock on the shelf. Also, parts are ordered and are received as a daily shipment from carriers such as Aust Post, Fastway Couriers, Couriers Please, Toll, Ipec, Startrack and others.
There is a good margin in the parts and accessories sold. Stock here can be ordered as “a monthly stock order’, receives extra discount and free freight to the shop, increases margin. There is a regular customer base where customers are servicing their machines at home, so oil, oil filter, levers, air filters & spark plug sales achieve a good turnover.
Customers also regularly purchase riding gear such as googles, gloves and helmets. Income is also from the workshop, where the workshop is regularly booked out up to two weeks in advance, so there is always plenty of labour charge out, as well as the associated parts being charged
Parts here are ordered daily and freight is charged to the job. Having freight come in overnight, the workshop can turn over a lot of jobs during the week. The computer link to the wholesale warehouses, gives the business live info on warehouse stock levels, so the business can plan with
The workshop currently does log book servicing right through to engine rebuilds, suspension rebuilds, tyre fitting, electrical wiring, EFI and much more.
Workshop jobs come in from the large surrounding local area, regular servicing from regular clients, there is a large customer base, on the computer program. A recent TV advertising campaign, has increased the customer base from further afield, and a change in loss of dealerships in Lismore, 45 mins away has given the business more work.
A 2017 Toyota Hilux ute is also offered with the business. This ute is specially set up for motorcycle and quad bikes, and currently brings in plenty of work, with the pick-up/delivery service a profitable popular option.
Kyogle Motorcycles currently has two employees, one a very good mechanic that has been here for seven years, and a Saturday morning staff member, that has been helping in the afternoons in the workshop doing basic services. He also keeps the work area tidy, puts away showroom stock, prepares and puts up social media etc. and runs the shop on Saturday morning.
The business is currently open from 8 am till 4 pm, Monday to Friday and 8am till 12 noon on Saturday. Nothing extra to spend, the new owners starting, will have cash flow from day one from the showroom
area and the workshop.
With a strong, local repeat customer base, who enjoy the convenience, service and value Kyogle Motorcycles provides, it’s truly a dream business for a husband and wife team, a mechanic or a business entrepreneur who seeks a new venture. The premises is leasehold, and a long term lease can be drawn up for the new owners.
Current rent is $1179 per month.
Gross turnover approximately $350,000+ per annum.
PRICE: $249,000 WIWO + 2017 Toyota Hilux workshop pick up ute. This price can be negotiated depending on stock levels.
A handover period can be negotiated to assist the new owner with all aspects of continuing this very successful business. (Current owner selling due to health issues within the family).
Please phone Paul O’Brien on 0412 645 741 to discuss, and ask any questions.