Peak Powersports Barrie is closed as of today

I saw this yesterday, the "effective immediately" was a little surprising.
Sad news for their customer base and employees.
 
Soulcatcher668 said:
Wow...... so at least three very recently in southern Ontario.
Two Wheels
Peak London and Barrie.

Looks like all that Covid sales money is running out.
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Add Dual Sport Plus to that in Brantford.
 
People keep nickel and diming dealers, trying to save the last $10, $20 bucks. There's this delusion that margins are like 30 or 40% when they're closer to 10 and 12%.

When you factor in wages and overheads most shops are making less than 5% profit at the end of the year. Soon there'll be no shops left anywhere because what's the point?

Powersports is a hard place to make money.
 
DoASkid said:
People keep nickel and diming dealers, trying to save the last $10, $20 bucks. There's this delusion that margins are like 30 or 40% when they're closer to 10 and 12%.

When you factor in wages and overheads most shops are making less than 5% profit at the end of the year. Soon there'll be no shops left anywhere because what's the point?

Powersports is a hard place to make money.
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Had new tires installed at Peak in Barrie last month. Price was really high, I thought. Didn't care as I wanted them to remain, being close to Alliston. Now the closest is in Vaughn.
 
AllistonGT said:
Had new tires installed at Peak in Barrie last month. Price was really high, I thought. Didn't care as I wanted them to remain, being close to Alliston. Now the closest is in Vaughn.
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Nothing in Newmarket?
 
GreyGhost said:
Serpa is still around in Aurora. I've never been there. Rebranding Suzuki of Newmarket to Serpa to hide the stink of the past did not give me a good feeling.
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I think thats the one I was thinking of and I do recall reading some shady stories about them.
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