Motorcycle Spare Parts Business
Type: Retail Trading
Key Products for Sale:
Motorcycle spare parts such as rims, brake pads, tires, tubes, side mirrors, and headlights for various models including TVS, Boxer Bajaj, STAR, HERO, LION, RANGER, and JINGCHEN.
- Technology Considerations:
Basic inventory management software for tracking stock levels and sales. - Market for the Products:
Primarily targeting motorcycle owners and repair shops located in areas with high motorcycle traffic, particularly in urban centers and near motorbike repair hubs. - Key Inputs into the Business:
Procurement of spare parts from reliable suppliers, premises for operation, business licensing fees, initial stock of spare parts, branding, and renovation costs.
Examples of popular motorcycle spare parts dealers in Kenya are;
Shineray Motorcycle Co. Ltd., Dunga Rd, Nairobi
Maxali Kenya Lamu Road, Malindi
Royal Motor Dealer Ngara, Desai Road, Nairobi
MotoADV Kenya Modern Reliance Industries GoDown, Mombasa Road, Nairobi
Lifan Kenya Bamburi Road, Industrial Area, Nairobi
Wholesale Motorcycle spare parts distributors in Kenya
Honda Motorcycle Kenya
Mark Holdings Limited
Car and General Ltd
Sohansons Limited
. - Product Preparation Process:
a) Acquire necessary licenses
b) Secure premises
c) Renovate and brand the shop
d) Stock basic motorcycle spare parts for various models
Examples of spare parts to stock:
1. Tubes
2. Brake pedals
3. Brake rods
4. Bulb holders
5. Ball races
6. Brake springs
7. Acceleration pipes
8. Batteries
9. Side Mirrors
10. Spark Plugs
11. Tyres
12. Gaskets
13. Fuses
14. Lights
15. Return Springs
16. Head Cases
17. Rims
18. Side mirrors
19. Side Mirror Holder
– Prioritize fast-moving items
– Maintain quality and originality of products. - Quality Considerations
Ensure all spare parts are genuine and of high quality to build trust and retain customers. - Cost of Investment:
Training Costs for Carpentry Skills: Variable, depending on the training program.
Procurement of Materials and Equipment: Variable, depending on business scale and location.
Business Licensing Fees: Approximately Ksh 5,000 for a small business. Including fire and safety licenses.
Operational Expenses: Variable, including rent (Ksh 5,000 to Ksh 15,000 per month), branding and renovation (Ksh 4,000), and initial stock of spare parts.
Required Operational Infrastructure
A small or large room depending on the scale of operation, equipped with furniture like shelves and a counter for customer service.
Most Suitable or Viable Location of the Business:
Areas with high motorcycle traffic and near motorbike repair hubs in urban centers. Ngara, Pangani and Industrial Area.
Potential Sources of Investment Capital:
Personal savings, loans from financial institutions, and partnerships with investors.
Requirements for Effective Management:
Efficient inventory management, reliable suppliers, excellent customer service, adherence to business regulations and licensing requirements.
Role of Mobile Phone and ICT in the Business
Utilize mobile phones for communication with suppliers, and customers, and online marketing efforts through social media platforms and popular blogs.
Statutory Regulations and Licenses:
Obtain necessary licenses such as the County Council Single Business Permit.
Fire and Safety Licenses.
PricingCompetitive pricing strategy based on market research and understanding of customer preferences.
ProfitabilityProfit margins will vary based on sales volume, operational efficiency, and effective management of costs.
If you are consistent with the types of spare parts you sell, a small shop with a steady flow of customers can give you between Ksh 5,000 and Ksh 7,000 per day.
Next Steps to Take:
Secure premises, acquire necessary licenses, establish relationships with reliable suppliers, stock up on essential spare parts, and implement effective marketing strategies to attract customers locally and potentially from distant areas through online platforms.