The sour economy is pressing dealers to adjust and Mike Carney, owner of Nmotion Yamaha in Wichita, Kan., says he needs to downsize from a 16,000-square-foot facility.
Now the company is listing the building, a former Fox Collision site, at $1.6 million. Nmotion originally purchased the structure for $1.15 million.
The high-flying days of 2008, when the company moved to expand, seem like a distant memory these days. At the time, Carney told the Wichita Business Journal, he was trying to get a Suzuki franchise. But as the economy soured, so did the deal.
Nmotion sells Yamaha and Aprilia motorcycles. Sales in 2009 were down nearly $1 million from 2008, when the dealer posted gross sales of $2.8 million.
Carney hasn’t decided on his next move and says a lot depends on selling the building, but “There hasn’t been a whole lot of traffic yet.”
Posted by Holly Wagner