• Dow Jones Industrial Average4126.967-34.491 - -0.83%
  • NASDAQ Composite1875.39-4.16 - -0.22%
  • S&P 50039.27+0.20 - +0.54%
  • Abercrombie & Fitch Co.0.6799+0.0005 - +0.08%
  • American Apparel Inc.11.41-0.23 - -1.98%
  • Black Diamond Inc.50.70+0.41 - +0.93%
  • The Buckle, Inc.76.41-0.28 - -0.37%
  • Genesco Inc.44.13-0.09 - -0.23%
  • Iconix Brand Group, Inc.57.10-0.89 - -1.56%
  • Jarden Corporation62.05+1.07 - +1.76%
  • Nordstrom, Inc.56.54-0.09 - -0.16%
  • Luxottica Group SpA (ADR)58.50+0.60 - +1.04%
  • Macy's, Inc.74.50-0.25 - -0.34%
  • NIKE, Inc.2.97-0.02 - -0.70%
  • Pacific Sunwear of California, Inc.8.90-0.35 - -4.04%
  • Skullcandy Inc12.77-0.16 - -1.37%
  • Tilly's Inc36.32+0.07 - +0.20%
  • Urban Outfitters, Inc.60.75+0.52 - +0.87%
  • V.F. Corporation7.25-0.15 - -2.25%
  • Quiksilver, Inc.25.00-0.03 - -0.12%
  • Zumiez Inc.0.470+0.0225 - +5.06%
  • Billabong International Ltd0.4700.000 - 0.00%
  • Globe International Ltd3.70-0.07 - -1.89%
  • WESC Publ AB67.00-0.74 - -1.12%
  • WP Stock Ticker

30/30: RIVA Motorsports

Photos Courtesy of Matt Sermarini

Established in 1979 as a “mom and pop” shop, RIVA Motorsports has since grown into a leading personal watercraft performance parts and accessories dealer with five buildings offering sales, parts, and services for all of the leading watercraft brands such as Yamaha, Kawasaki, Suzuki, Honda, and many more. Located in Pompano Beach, Florida, RIVA started from humble beginnings, selling mopeds and motorscooters. After a steady evolution and massive growth, RIVA now offers everything from fishing boats to waverunners to motorcycles.

We sat down with Matt Sermarini, the VP of Sales and Marketing for RIVA to discuss the details of the mega-store and how the market has shaped their buying decisions and what the most popular brands are today.

Store Info and Contact Information

RIVA Motorsports

3671 North Dixie Highway

Pompano Bch, FL 33064

(877) 748-2926

rivamotorsports.com

Square footage? 

100,000 Total (5 bldgs)- Showroom/ Parts/ Mail Order – 40,000,  Service Center – 10,500,   Riva Racing R&D Center – 6,000,  Warehousing and Storage – 45,000

How long has your store been around?

Since 1979

Do you have an online store?

Yes, we offer our own line of Riva Racing Performance Parts for Personal Watercraft, we are a distributor/dealer for several other watercraft parts manufacturers & we offer OE and aftermarket parts for all powersports products, including on-line parts diagrams.

If yes, what percentage of your business is online vs. brick and mortar?

25% of gross

What are your top three most profitable product categories?

Riva Racing Products, Yamaha Watercraft, OE Parts

What has been the single best-selling brand over the past six months?

Yamaha

Who are the top three reps that service your store and what makes them special?

All of them, we have a great relationship with all of our manufacturer’s DSMs and our parts reps. I would hate to single out just three.

What is your overall impression of the local market over the past six months?

Unpredictable, we were expecting growth for 2013 and saw a slight dip. It seems that people are still a little cautious with their money.

Overall expectations for your business over the next 6-12 months?

Flat to slight growth

Is your shop altering the way you buy for 2014?

Yes

If yes, how are you altering your buying ?

Keeping control of inventory, watching quantities, and control flooring expenses.

What are some things brands are doing to work with your shop?

We have been working with Tucker Rocky thru their VMI program. We are a PRO Yamaha dealer which has helped with store improvements. Companies like Oakley, Fox, Go-Pro, etc are always good for in-store showcases and displays. We always take advantage of manufactures’ close outs and specials.

CATEGORIZED: 30 Shops In 30 Days