Used motorcycle shop with gear and servicing

Learner and returning riders, commuters, hobby riders and people upgrading their bike.

The margin between what you pay for a bike and what you sell it for after prep, plus gear, parts and servicing income.

• Knowing bikes and spotting problems
• Buying well at auctions and from private sellers
• Selling and customer service
• Basic bookkeeping and paperwork

• Motor dealer licence rules differ by state and territory, check with your state's licensing body
• Check each bike on the PPSR for money owing, and for stolen or written-off history
• Statutory warranty and Australian Consumer Law obligations on used vehicles, check what applies in your state
• Public liability, stock and premises insurance, plus workers compensation if you hire
• Servicing and repairs may need a mechanic or repairer licence in some states
• Stock ties up a lot of cash, and bikes can take weeks to sell in winter

Startup costs are estimated at typically around $30,000 to $150,000, depending on your premises, how much stock you buy, and insurance. Stock ties up a lot of cash, and bikes can take weeks to sell in winter, so plan your reserves.

Things to check: motor dealer licence rules differ by state and territory, so check with your state's licensing body. Also check PPSR searches for money owing or written-off history, and statutory warranty obligations. Servicing may need a repairer licence in some states.

Monthly revenue is estimated at around $15,000 to $70,000, depending on stock levels, sales volume and any gear or servicing income. Estimates suggest at least around 35 hours a week. You'll need bike knowledge, good buying skills and basic bookkeeping.