GET READY TO RIDE SAVE UP TO 60% Off select lines, while supply lasts Shop the new Fall/Winter MADE IN AMERICA collection of graphic tees, sweatshirts and shirts. Shop the latest range of key essentials for your man cave, garage and office. Motorcycle apparel, helmets, gloves, footwear, casualwear and gift accessories, now available online or from your Indian® dealer.Welding companies need to set time aside each week to meet with prospective customers in order to keep the work coming in. Comstock/Comstock/Getty Images If you love motorcycles and you are looking to start your own business venture, a motorcycle shop may be the thing for you. Whether you plan on simply servicing motorcycles or running a full-fledged dealership, an important aspect of success in such a business is the ability to identify with the motorcycle subculture and show you appreciate the beauty of the machines you sell or service. In many cases, motorcycle shops become social hubs that attract repeat business and rely heavily on word-of-mouth marketing.

1. Find a location. For a small shop, a storefront in a strip mall may suffice. For a larger shop, try to find a place close to a busy road or intersection with plenty of space for your motorcycles. Unlike owners of auto dealerships, you may not want to keep a large amount of inventory outside in a parking lot. honda rebel motorcycle windshieldBecause motorcycles can lose value by sitting outside in the elements, you should only keep motorcycles outside for short periods when the weather permits. motorcycle helmet noise reduction headphones2. Analyze the total startup costs of your business. motorcycle parts altoona paA number of variables affect this analysis, such as the location, size and nature of your business.

According to Entrepreneur Media, if you want to start a small used-motorcycle business, you should be able to get it started for between $10,000 and $50,000. A motorcycle repair shop could have similar startup costs. However, a dealership with multiple brands and a full range of new motorcycle models on hand will cost much more to get started. Either apply for debt financing through a bank or private lender or convince a venture capitalist or angel investor to give you equity financing. Getting a loan or line of credit through debt financing will mean you must pay a flat monthly fee until your debt is repaid, while receiving equity financing means you and the person who gives you money are both partial owners of the business. If you have excellent credit and a strong income history, debt financing is probably more suitable, because it does not require you to share your business and can mean more money for you in the long run. However, if this is not an option, you may be able to convince an investor to help you by showing her that you have a great idea and the expertise to pull it off.

For instance, if you have a long history in motorcycle sales or maintenance and you want to be the area's first dealer for a new and stylish brand, this may be enough. 4. Obtain a franchise. This is not necessary if you just want to run a repair shop or if you only want to sell used vehicles. However, if you want to sell new motorcycles, you must contact the manufacturers to set up a relationship with them. Every manufacturer has different policies and requirements regarding franchise dealers. They will most likely investigate your business background, financial stability and target market to see if this is a good fit. 5. Obtain the necessary licensing, permits and insurance. Depending on your locale, you may need a general business permit as well as a license to run a motorcycle shop. Visit SBA.gov and use the site's search tool to find the applicable licenses and permits for your business and location. References My Small Biz: Start a Motorcycle BusinessBusiness Ideas: How to Open a Motorcycle ShopEntrepreneur Media: Motorcycle Sales Photo Credits Comstock/Comstock/Getty Images Suggest an Article Correction

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