Bike City in Adelaide shut down?

The other day I drove past Bike City in Adelaide (West Terrace) and saw they
have shut down - anyone know what happened?

Daniel996

 

I think theyre relocating somewhere but dunno where.Tim
GSXR6 03

 

In aus.motorcycles on Tue, 10 Feb 2004 14:55:34 +1030

mate of mine says they went belly up.

No Ducati dealer in town no more....

Zebee

 

Bit like Hobart ...

Cheers



-------------
Kevin Gleeson
Technical Director
Blue Rocket Productions
Hobart, Tasmania, Australia
www.blue-rocket.com.au

 

Im moving there... whats the postcode....

 

Docteur Desmo, perhaps? That's where all the fnix took their boiks anywoi.

 

In aus.motorcycles on Tue, 10 Feb 2004 20:12:01 +1100

Not all of them.

And DrDs hasn't been an authorised Ducati dealer for some years.

The Bike Factory used to do Bike City's Ducati work.

Zebee

 

I knew that. But I forgot I knew it.

 

shit really? Got a new tyre there while I was in town. Seemed like quite a
good shop - great service.

Jules

 

Only a temp. situation

They,the South Australians, have NOT been forgotten, and a proper DucatiOnly
store is soon opening

These stand alone Ducati stores, seem to be the way the factory wants to run
the show

CDIHL

 

And Frazers aquires another fluff-boy

 

In aus.motorcycles on Tue, 10 Feb 2004 23:13:30 +1100

And if they think they can sustain a fancy large-floorspace
lotsa-room-for-t-shirts showroom in a city like Adelaide selling only
one brand (even though Ducatis are very popular there, well... I
wouldn't be betting the money it takes to set one up on that.

They might manage if they are selling 2nd hand too, but then they have
to deal with the fact that there are 2 established places with good
reputations and very partisan followings that do 2nd hand and repairs.
So cafe-inhabiting yuppies - presumably their intended audience - might
go to them, but the majority of current owners won't.

Zebee

 

According to the letter just received from BMW, they have closed due to
"unforseen circumstances". A new BM dealer will be announced soon. In the
interim, Adelaide Motors is doing parts and servicing.

Perhaps the recent move to new premises was too much for them.


Chris
BM R90/6
BM R1150RS

 

Same sort of thing happened in Melbourne a few years ago. The owner of Joe
Cook Honda died in a bike accident and I don't think the shop ever opened its
doors again after that day. I couldn't work out why they just didn't keep
trading until the business was sold.

Nev..
'03 ZX12R
'02 CBR1100XX

 

I bet it was legal concerns - liability, estate, and so on. Who could sign
cheques? Who could accept deliveries? Who had the authority to do deals
with the manufacturers? Not the mechanic or the counter-jumper, I'll
warrant.

Gary

 

If the business has borrowings secured or supported by personal guarantees
(as is often the case), the lender(s) are required to 'determine the
liability' immediately on advice that the guarantor has died or otherwise
become incapable.

In a typical automotive business, lenders might be a bank, a finance company
running the floor-plan, a landlord owed rent, etc. Then there are
'unsecured' creditors who have a preferential position, such as staff owed
various statutory entitlements.

Lenders can't let the debt grow, or they will be unsecured for any increase
in debt, and unsecured debt rarely gets repaid from deceased estates.

You need working capital to trade. If the working capital is borrowed then
the death of the principal usually means the death of the business.

 

I liked his ads....


Hammo

 

Similar thing happened to Willings in Wyong years ago. Shop's still vacant.