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Post by tortoise on Nov 28, 2012 17:48:08 GMT -5
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Post by spandi on Nov 28, 2012 20:02:00 GMT -5
Don'tcha hate it when a scooter place goes out of business?
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Post by Enviromoto on Nov 29, 2012 9:48:24 GMT -5
Sad news indeed.
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Post by hardd1 on Nov 30, 2012 20:00:30 GMT -5
NoHo is not alone, many business owners pulled the plug since the election results...
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Post by mainepeace on Nov 30, 2012 20:04:42 GMT -5
Well, we're still here. And we're expanding in the spring.
Greg
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Post by scootnwinn on Nov 30, 2012 20:57:05 GMT -5
You should expand into NM I'll run it for you. I will send you a resume.  |
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Post by mainepeace on Nov 30, 2012 21:04:17 GMT -5
Well I might setup a franchise program.
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Post by scootnwinn on Nov 30, 2012 21:06:04 GMT -5
Perhaps we will have to talk sometime in the future...
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Post by hardd1 on Dec 6, 2012 6:23:43 GMT -5
still sux when a 10+ year shop closes up...hard to find a more dedicated shop owner like NoHo Mike....
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Post by Carolina Fun Machines on Dec 6, 2012 10:49:05 GMT -5
Does anyone know why they are closing and why they didn't sell the business?
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Post by thumper650 on Dec 6, 2012 11:10:57 GMT -5
NoHo is not alone, many business owners pulled the plug since the election results... Yeah right. I think people use that as an excuse for lots of stuff. That thread never said that though. Sometimes businesses just don't make it. It's capitalism at work. Sounds like the owner still has a positive outlook, and that will serve him well. |
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Post by tortoise on Dec 6, 2012 12:18:29 GMT -5
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Post by Bintelli - Jason on Dec 6, 2012 14:29:19 GMT -5
Horrible news, a great part of the community I hate to see go.
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Post by hardd1 on Dec 25, 2012 8:54:38 GMT -5
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Post by Cookees on Dec 29, 2012 21:16:18 GMT -5
If you do some quick cocktail napkin "cyphering".. it isn't hard to see that running a scooter shop isn't a gold mine.
Figure with rent, utilities, communications and insurance it's safe to say it runs well in excess of $30,000 a year to keep your doors open.
Lets say you gross a $500 profit on each 50cc, maybe $600 on a third tier 150cc , and maybe $800 on a Taiwanese scooter.
At a sales ratio of 50/30/20 of the above scoots, you need to sell some 30 50cc, 15 150's, and 10 first tier scoots...just to break even.
Of course , service work and parts bring in additional revenue.
Forget about hiring anyone...the partners do all the work.
On a personal note...Western PA is not 50cc "friendly"...way too many hills. We sold 4 50's this past year. Factor in our 8-month (if we're lucky) riding season. We rely heavily on our sales of ATV's and pit bikes. I doubt we could survive as a stand-alone scooter shop.
All of this is to say I can see where NoHo might think of seeking new adventures.
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Post by hardd1 on Jan 3, 2013 7:00:05 GMT -5
shhhh cookees, everyone knows dealers make tons of money....
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Post by spandi on Jan 3, 2013 9:13:17 GMT -5
Yah, the picture actually shows cookies grabbing a huge Krugerrand off the table.
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Post by Cookees on Jan 3, 2013 23:14:06 GMT -5
naw...that's a 'nilla sandwich.
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Post by kenb6656 on Jan 22, 2013 14:44:49 GMT -5
Sad to hear they are going
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