Honda Motorcycle , ATV Franchise

Duncan, OK (Stephens County) (Relocatable)

Honda Motorcycle , ATV Franchise

Asking Price:$825,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:N/A

Established:1968

Honda Motorcycle , ATV Franchise

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Business Description

Honda Motorsports Dealership

Honda Motorcycles,ATV's , Scooters , Side X Sides, and Power Equipment. This Dealership has been serving this area for 48 years. It began a small family business, and for 32 years , stayed in the the same 3500 Sq Ft building. In 2000 we acquired the franchise, built a 10,000 Sq Ft Showroom and were overwhelmed with the increase in traffic , and in all around business performance. In 2013 we built a new and more functional building, taking advantage of a busier Highway space and upgrading all areas of the building in which we are now operating, including an outdoor fenced in show area, bordered with an 8 ft spear fence.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
5
Facilities:
We are purposing the sale of the Honda Franchise, along with the new building, all office equipment, computers, service area tools ,shop manuals,special tools, forklift, parts and accessories inventory, and all items related to the operation .
Competition:
After the opening of this Store in the late 60's it was followed by the other 3 Japanese brands.By 1975 , this town of 22,000 had Honda , Kawasaki, Yamaha , Suzuki , Polaris and Hodaka. Over the years each of the others have moved on and since 2007 , Polaris was the only brand left competing.They moved on in 2013 , leaving Honda as the only remaining dealership.
Growth & Expansion:
The area is an oil field and agriculture related economy,and as the oil Industry has suffered the downturn , so have we.It is a cycle which spans 7 to 9 years, from peak to peak.We have began recovering from the last slow time , and ares service companies are now rehiring.When we purchased the business,in 2000 , it sold 37 new units their last year.We sold 155 our first year and increased to 205 , 255, 315 and over 400 units by our 4th full season.It is also worth noting that all of the other brands may be added in to the mix.As local economy recovers, g
Support & Training:
We are willing to make arrangements to stay as long as it takes for new operator to feel comfortable with Honda product, and procedures.Honda also has an incredible training program on their online Honda net, which covers every possible scenario you are likely to face.It includes Sales , service ,parts , legal , and much more.
Reason for Selling:
Time to let someone with fresh energy lead.
Franchise:
This business is an established franchise

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Business Listed By:
Mike Steil

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