BuB Enterprises, a local business that manufactures after market exhaust systems for Harley Davidson Motorcycles is fighting to keep its Springhill Drive Building out of foreclosure and the business operating. Owner Denis Manning says he moved his business from the Bay area to Nevada County during the economic downturn of 1981 he says he survived the economy then and he thinks he can do it now, but it will not be easy.
“If I miss some payments with the bank, I’m sorry. The building is still here, it’s not going away. There are ongoing negotiations with the bank and we’ve had some people interested in investing in the company.”
Manning says he has already shut down a manufacturing plant in Wisconsin and sold equipment at a 60 percent loss. He says the fact that 100 Harley Davison dealers in the country are gone has also reduced his market share, but he says there are still 2 million motorcycles in the county which his company makes parts for.
“Two million possible customers, that’s not too bad. Number two. We have developed the only street legal carb approved system on the market for a Harley, the only one. A year from now, legislation will mandate that you have to have such a product on your motorcycle.”
Manning says he is still working with Bank of the West on making payments that they both can live with in hopes of preventing a foreclosure auction of the building scheduled for January 11th.