Advantages and Disadvantages of Motorcycle Repair Business
In this article, we will discuss what are the advantages and disadvantages of a motorcycle repair business that you can consider if you are planning to start a motorcycle workshop business in general.
Here you can find out what are the important points that you can pay attention to. Because of the large number of motorcycle users, the best idea for those of you who want to open a business is a motorcycle repair business, because everyone who has a motorcycle vehicle must one day experience such a vehicle with minor or severe damage.
There are several pros and cons of the business and you need to know them to avoid any losses in the future. We have discussed both advantages and disadvantages of the motorcycle repair business so that your doubts be cleared.
Advantages of Motorcycle Repair Business
Here are the advantages of the motorcycle repair business that you should consider:
1. Large Market
People have at least 1 motorcycle in their house. Therefore, the motorcycle is one of the mandatory vehicles that is commonly used everywhere. Therefore, this business opportunity is always needed. In addition to service workshops, there are also oil change services, electrical repairs, and other minor problems that motorcycle users may not understand.
The market for motorcycles is large because it is one of the most used vehicles and that is why the services needed for the motorcycles are also demanded. If you start a motorcycle repair business in a proper location then definitely your business will grow.
2. Its Nature Is Not Seasonal
The motorcycle repair business is year-round and non-seasonal. Unlike the viral business, motorcycle repair shops are always needed throughout the day, for weeks to months.
So it can always be opened every day but you must have a strategy, for example, you must open a workshop on holidays because usually, holidays are the right time for workers to visit their workshops.
3. Huge Profit
The turnover of the motorcycle repair shop is quite large because technician services are usually very expensive, they are needed by workshops, let alone official ones. The biggest capital in this business is a skilled workforce who is experienced in repairing motorcycle engines. Also, provide maximum service to your motorcycle customers.
As we all know people can’t repair their motorcycles by themselves (maybe a few of them) because it needs skills and knowledge to repair parts of the motorcycle. That is why the charge for the repair services is high which eventually increases profit in it.
4. Could Be a Side Business
If you have the main business such as being an ASN, then you can still open a motorcycle repair shop as a side business. Because this business can be run remotely. The important thing is not to choose the wrong and unprofessional employees.
Because this is the spearhead of you running your side business at this motorcycle repair shop. So you have to be able to manage your business even though you are not in the place of business.
5. Fast Developing
One of the advantages of the motorcycle repair business is that it is rapidly growing. Because it is prospective, you can develop this business relatively quickly and turnover per day is also quite large. But of course, you also have to have the right strategy to advance your business.
Even if you properly analyze in your local area motorcycle are very common and they also need services for them that is why this business idea is very profitable to start because it is common and has a strong customer base.
6. Low Initial Capital
The initial capital for the motorcycle repair business is low because you only need tools to repair a bike and a skill set that you can learn first or you may have done an engineering degree.
The main point here is that having a low initial cost for the business is one of the pros that you can consider if you have decided to start this business.
Now before you decide anything on the above-mentioned pros of the motorcycle repair business. Read the following disadvantages as well.
Disadvantages of Motorcycle Repair Business
Here are the disadvantages of the motorcycle repair business:
1. Requires a Strategic Location
Location is one of the determinants of whether a motorcycle repair shop business runs smoothly, so try to find a good location with a note that it can be easily reached by the public or consumers and people in places where there are so many motorcycles. This makes this business require a large amount of capital, namely expensive rental.
A good location is goodwill for a business because you get the large customers if your business location is strategic means where it is easy for customers to visit.
2. Relatively Few Consumers
There are three types of motorcycle repair shops to get to know the market potential and customers, namely a legal motorcycle repair business, a common motorcycle repair business, and a tune-up motorcycle repair business.
Legal motorcycle repair business: For legal motorcycle repair business, for further information, please contact the service center office of the expected brands such as Honda Dealers, Yamaha Dealers, Suzuki Dealers, and Kawasaki Dealers. Usually, we will be asked for certain conditions depending on the company.
Common motorcycle repair business: A common motorcycle repair business is a motorcycle repair business specifically for general Motorcycle users, whose service providers are usually standard services, replacement of spare parts, and minor corrections.
Tune-up Motorcycle repair shop: The tune-up motorcycle repair shop business is a motorcycle repair shop that specializes in modifying Motorcycles to be unsteady, generally, this depends on customer demand to change the speed/acceleration of the Motorcycle, and has a narrower target market, for this market generally the position or location area has no effect or strategic because customers in the Tune-up motorcycle repair shop are generally obtained from word of mouth promotion.
3. Many Rivals or Competitors
If what needs to be observed when starting a motorcycle repair shop business is how many competitors have opened a motorcycle repair shop in the location, this is what is called a competitor or in other words, a motorcycle repair shop that has been around the location of the investor’s agenda to open it, the repair shop should have investigated.
So as an investor, you should have a vision and mission to fight over customers with rivals when carrying out this kind of motorcycle repair business.
It is cons to the motorcycle repair business because everyone knows that it is a profitable business and they have already gained success in the business and if you planning this business then you should face a huge competition.
4. Requires skilled technician human resources
We have observed the things that I have mentioned about the motorcycle repair business tips, the next first value is that you should decide on the technician, in this case, you should maintain the quality of your repair shop technician because in a motorcycle repair shop business one can decide the period in front of our motorcycle repair business is a technician.
Yes, it is true not everyone can’t repair a motorcycle you need skills or you can hire someone who can do it for you. This is one of the cons of the motorcycle repair business because there are several business ideas that everyone can do despite their skill set.
5. Requires Good Workshop Management
In a broad sense, it is deciding on customer service and convenience, the neatness of the workshop, the administration of the motorcycle repair shop business, and so on.
If this needs to be prepared, especially for the financial administration of the workshop, it is about deciding the service rate to be charged for the customer, the estimated income target, the salary method, and so on.
So that the budget and investment targets/time of return capital can be taken into account as a whole in the motorcycle repair business that we are running.
My Final Words on Motorcycle Repair Business
A motorcycle repair shop is an option that you can make as a business opportunity. Because many people have motorcycles, so there are opportunities to repair those motorcycles, of course, many people need them.
Moreover, not everyone can repair a damaged motorcycle engine. Hopefully, it can help you, to start a proper and profitable business. These types of businesses are profitable everywhere in the world because people love to ride motorcycles.