Motor-sports enthusiast have a lot to celebrate.
Freedom Powersports has officially opened its doors to its brand new, 30,000 square-foot location, in Hudson Oaks.
Kevin Lackey, president and CEO, said it was time for the change saying they had simply outgrown their old venue.
“The old location was not adequate for the products that are built by the manufacturer today,” Lackey said. “They are much bigger, broader...this will allow us to do a better job displaying them for our customers and make it more comfortable for our employees.”
Lackey said he started at the original dealership at Hwy. 180 in Weatherford about 17 years ago. During that time the store had 5-7 employees, grossed about $3 million in revenue, and carried just two brands.
“Now we have 25 employees, will gross about $16 million in revenue, and are selling seven brands; and that’s as we move from the old location,” Lackey said.
The 37-year-old entrepreneur said he believes with the economic boom that’s taking place in Hudson Oaks, combined with the transportation work being done in the area, will help give his business even more visibility.
“We wanted to be here,” he said. “This has been a long time dream of mine. My parents live near this location; I use to ride my dirt bike and play on this property as a kid.”
When we met with Freedom Powersports it was obvious they shared the City's vision for growth.
Hudson Oaks Mayor Pat Deen
Hudson Oaks Mayor, Pat Deen, said the city was eager to work with Lackey on his development.
"When we met with Freedom Powersports it was obvious they shared the City's vision for growth," Deen said. "Freedom Powersports built a beautiful new facility located directly in a redevelopment corridor and they chose this location prior to the announcement of HEB. We are very appreciative of the relationship we have developed and are in awe of the growth the Freedom Powersports family is experiencing."
Lackey, a native of Parker County, bought the business in 2012 from the previous owner and changed the name from Family Powersports to Freedom Powersports.
“I love this business. I am a motorcycle enthusiast and have ridden a motorcycle since I was three,” Lackey said.
He said, however, in the last five years its been more about leadership and development.
“I don’t have as much time to ride as I use to,” he said. “I work six days a week, 12 hours a day and have three children so I don’t have much free time.”
Beyond his current location, Lackey has 13 other locations; 10 in Texas, one in Alabama, and three in Georgia.
I don’t really have any outside hobbies - I enjoy working - this is my passion,” Lackey said. “To be an entrepreneur is a dream I have had since I was a child.”
Lackey said he has no problem waking up every day excited to go to work, often getting to work by 7:30 a.m. and leaving at 7 p.m.
“I feel the keys to my success comes in being a good leader, but also genuinely caring about people. I don’t micro-manage either. I am there to support them in the areas I’m good at.”
Lackey said his Parker County location is special to him and is planning on an open house on Sept. 19 to show his appreciation. The all day event will have a band, free food and a motorcycle or two will be given away.
“I’m emotionally invested here,” he said.
He’s financially committed as well - the new location - a $5.5 million investment.
“I can’t live in fear,” Lackey said. “The things that are out of my control - the stock market - out of my control. But following up with my customers, providing them good, fair deals...well I sleep good at night.”