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I have also just picked up a 340 the same as yours to restore. Al though it is not running, I am told it need points, and I'll have to pull the flywheel to replace. I need a service manual on the motor, do not know where to get one..can you help?
 

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I got a manual that covers all old sleds from a cycle shop.But once you get points close check with timing light to see if its on the marks.
 

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i have a '75 olympic 340, but anywhere i check it doesnt seem to have any info on it at all, it seems like they didnt even make them, im trying to restore it, or possibly dropping a TNT 440 motor in it, not sure if it would fit, if anyone knows where i can pick up a manual for the 75 olympic 340 that would be right on,
taker easy
crazy Scooter
 

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Maybe fuel filled up the crankcase ? Pull the impulse line off and see if fuel runs out of crankcase. Easy to do. Pull the plugs out too and try it as well.
 
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