Join Date: Jan 2010
Location: Frankfort, KY, USA
Another BMW dealer closing it's doors...sort of.
I had been in contact with BMW of Lousiville about details for purchasing a new RT when I get back from my current deployment. I frequently received e-mails from the owner, Jeff Cooke. Lately, I haven't heard from him in awhile him so I asked a friend of mine to check into it for me. This is what he found out:
But, for the record, we have finally closed on the sale of the Breckinridge Street property to the Downtown Scholar House and its partners. It was supposed to have closed at the end of October and we were to have moved to Frankfort Avenue immediately thereafter.
When they couldn't close, we had to postpone leasing the Frankfort Avenue site and then that property went under a contract for sale. A December closing date on our property also came and went so I decided to hold off looking for a new site until I was sure the real estate deal would actually close.
In the mean time we were approached by HD of Louisville regarding a possible purchase of the BMW dealership. Being of the school that everything (other than my honor) is for sale, we negotiated a deal for the sale of the BMW and Vespa dealerships. The sale is subject to factory approvals which are pending. We expect to receive the approvals before the end of March and then we will complete the transaction and move the dealership to Arthur Street.
I will be engaged by them for 3 months to oversee the transition and after that will evaluate what comes next for me.
HD of Louisville is owned by the Martin Group out of Bowling Green, KY. They are primarily an auto group but they own HD of Bowling Green as well as HD of Louisville. They are looking to expand their powersports involvement. I have known their motorcycle management team for a while as a result of wholesaling some HD trade-ins and they are first rate guys. I have absolutely no hesitation about having them take over the reins. They have a top flight organization and will provide a very nice facility for BMW Motorcycles. And, interesting enough, due to their size, they operate seven (7) days a week.
This is not my farewell address but it should bring you up to date.
I'm not sure what this will mean for BMW owners in or around Kentucky, but I thought you all might want to know.
I supposed I should be glad that there's still going to be a BMW dealer in Ky. Anyone else know of a BMW dealership being under the same roof as HD? I can see how it would give a boost to the HD dealers profits. They really don't have anything in their line of bikes that compares to BMW. Especially with the loss of Buell.
Thank a teacher if you can read this, thank a veteran that it's in English.
2011 RT Ostra Grey Low Suspension model
Last edited by Casey; Feb 24th, 2010 at 11:36 am.
Reason: spelling errors