a buddy of mine went there last week, saw they were closed & started talking to people next door.
ALLEGEDLY...
police came in & shut them down. removed all the tags from company & owner vehicles.
also supposedly they were fraudulently adding cosigners to loans to sell bikes.
i'm fairly local to the area & this is all through the grapevine, so take it for what its worth.
quick google search popped this up:
Company Bankruptcy Information for Cycle World of Cherry Hill, LLC
- To set the record straight we closed voluntarily, no one forced us, The company cars were left on the property by the owners because they were owned by cycle world, no one ripped the tags off.
- All of our service and parts guys were able to get there tools as well.
- Theres reasons you cant give a 2 week notice when your in the business, but they pretty much knew something was going on.
- ALSO for all the people who had bikes & parts in service when we closed ; we called ALL of those customers to either have them come pick their bikes up or we'd deliver a week in advance so that is their own fault if they didnt get there in time, come on we were open from 10am- 8pm.
- & anyone who had parts we mailed them out, because the owner of cycle world isnt some scumbag worried about himself.
-if you know anything about finance you would know its next to impossible to add a cosigner with out the proper forms of identifications and all that, Dont you think the customer would see that when they got their first bill. Come on now & i would know because that was my job there finance and never once did we do dumb **** like that.
- & yes the economy sucks, we were one of the top dealers in the country, but manufactures cut there profit margins & thats why the people who are low ballers and try to have dealer fees "waved" get mad when we couldnt, its not our fault we had to make some kind of profit, our bad i guess.
* just to set the record straight i felt i had to put my imput because i actually know.