mobile bike repair business plan

Launch Your Bicycle Repair Business: Comprehensive Guide

Main Sections In This Post Steps To Starting A Bicycle Repair Shop Points to Consider Resources Knowledge Is Power Featured Video

This article provides a comprehensive guide to owning and operating a bicycle repair shop.

It includes a detailed step-by-step breakdown and valuable resources for the startup and operational phases.

Feel free to bookmark this page for future reference, and kindly consider sharing it if you find it helpful!

Let’s get started with the steps.

Steps to Starting a Bicycle Repair Shop

Below are the steps to starting a bicycle repair shop.

Each step is linked to a specific section, allowing you to jump to your desired section or scroll to follow the steps in order.

• An Overview of What You’re Getting Into
• Bicycle Repair Shop Overview
• Researching Your Bicycle Repair Shop
• Looking at Financials
• Choosing A Business Location
• Creating Your Mission Statement
• Creating A Unique Selling Proposition (USP)
• Choose a Bicycle Repair Shop Name
• Register Your Company
• Create Your Corporate Identity
• Writing a Business Plan
• Banking Considerations
• Getting the Funds for Your Operation
• Software Setup
• Business Insurance Considerations
• Supplier Considerations
• Physical Setup
• Creating a Website
• Create an External Support Team
• Hiring Employees

This section offers valuable insights to aid you in making informed decisions for your bicycle repair shop.

Taking your time and carefully considering key points before reaching the startup phase is advisable.

1.  An Overview of What You’re Getting Into

Is Starting a Bicycle Repair Shop the Right Step for You?

Passion: The Driving Force for Success

Your passion is a crucial factor in achieving success in the bicycle repair shop industry. It drives you to seek solutions when challenges arise.

Unleashing Your Passion

Imagine a life where money is not a concern, and you can do anything you want. In this situation, ask yourself: Would you start a bicycle repair shop?

The Yes Answer: Heading in the Right Direction

If your answer is a resounding yes, it signifies your passion for owning and operating a bicycle repair shop. You are on the right path toward pursuing your dreams.

The No Answer: Exploring Alternatives

However, if your answer is no, it prompts another question: What would you prefer to do instead? It’s important to explore alternative paths that align with your true preferences.

Summary: Passion as the Foundation

In summary, your passion is the foundation of the business you are starting. It should be the driving force behind your entrepreneurial journey in the bicycle repair shop industry.

For More, See How Passion Affects Your Business . Also, see, Considerations Before You Start Your Business to identify key points for a new business owner.

2. Gaining an Overview of Owning a Bicycle Repair Shop

Next, let’s spend some time on key issues to give you an overview of what to expect from owning and running your business.

a.) A Quick Overview of Owning a Bicycle Repair Shop

A bicycle repair shop is a specialized business focused on the maintenance and repair of bicycles.

The daily tasks associated with running such a shop range from diagnosing bicycle issues, repairing varying types of damage, and performing routine upkeep to replacing worn or defective parts.

Additional tasks include managing inventory, ordering supplies, customer service, and staff oversight.

Points To Succeed in Operating a Bicycle Repair Shop

Building a Customer Base Building a customer base is critical. Providing superior service and promoting the shop through various channels like advertising and word-of-mouth play a pivotal role.

Forming robust customer relationships can lead to repeat business and referrals, expanding your customer base.

Staff Management Efficient staff management is crucial. Hiring competent, dependable mechanics, offering training when required, and ensuring cohesive teamwork are necessary to provide top-notch service to customers.

Cash Flow Management, Proper management of cash flow is essential. A shop must handle finances meticulously to cover bills, order supplies, pay staff, and maintain the shop.

Keeping Up with Change and Technology Staying updated with changes and new technology in the bicycle industry is fundamental.

By being informed, a shop can continue to offer high-quality service as bicycle models and technologies evolve.

Handling Revenue Fluctuations Managing revenue fluctuations can be challenging, with the demand for bicycle repairs varying across seasons.

A shop might need to adjust its staffing or operational hours during slower times.

Competitor Management Facing new and existing competition involves focusing on offering superior service and upholding a reputable image in the community.

This approach can help differentiate a shop from its competitors and attract customers.

Meeting Customer Expectations

Most customers anticipate prompt, professional, and reliable service. They want their bicycles repaired accurately and quickly and wish to have confidence that their bicycle is in good hands.

Meeting these expectations requires attention to detail, technical skill, and a commitment to customer satisfaction.

b.) Bicycle Repair Shop Models

Traditional Brick and Mortar Bicycle Repair Shop

The most common setup is a physical store where customers bring in their bikes for repair or maintenance.

The revenue comes primarily from service fees for repairs, but these businesses often sell bicycle parts, accessories, and sometimes even new bicycles to increase profits.

Mobile Bicycle Repair Shop

This setup operates out of a van or truck, providing on-the-spot service at customers’ homes, workplaces, or events.

The business model for a mobile bicycle repair shop focuses on convenience, with the ability to reach customers who may not have the time or means to bring their bicycles to a traditional shop.

Revenue is generated from service fees and essential bicycle parts or accessories sales.

Bicycle Repair and Rental Shop

This hybrid model combines bicycle repair services with rental options , an excellent choice for locations near tourist hotspots or cycling trails.

The business generates income from both the repair services and the rental fees, catering to tourists, local cycling enthusiasts, and casual riders alike.

Specialty Bicycle Repair Shop

These shops focus on a specific type of bicycle, such as mountain bikes, racing bikes, or vintage models.

Their business model involves attracting a niche market of cycling enthusiasts who own these specialized bicycles and need expert repair services.

Income is generated from repair services, parts sales, and, often, sales of specialty bicycles and related accessories.

Choosing the Right Business Model

Choosing the right business model from the get-go is crucial, as switching models later can be more challenging.

Identifying a profitable and high-demand niche for your bicycle repair shop is vital to ensure success.

By understanding the needs of your potential customers and aligning that with your business model, you can create a sustainable and thriving bicycle repair business.

c.) Making Your Bicycle Repair Shop Stand Out

The bicycle repair industry can be competitive, and it’s crucial to distinguish your shop from the rest. Here are some ideas:

Offer Free Quotes Providing free quotes can attract customers unsure about the potential cost of repairs.

It’s a transparent practice that allows customers to plan their expenses and shows them you value their business.

Provide an Ironclad Warranty Offering a solid warranty on all repairs demonstrates confidence in your work and provides reassurance to customers.

This commitment to quality can generate trust and encourage repeat business.

Community Involvement Actively participating in local cycling events or sponsoring community rides can increase your visibility in the community and attract more customers.

It demonstrates your commitment to the local cycling community.

Exceptional Customer Service Deliver superior customer service beyond just repairing bikes.

This could include flexible drop-off and pick-up times, fast repair turnaround times, or going the extra mile to ensure customer satisfaction.

d.) Add-on Ideas for a Bicycle Repair Shop Business

In addition to basic repair services, consider these add-on ideas that could boost your business and create additional revenue streams:

Bike Rentals If your location is near a tourist area or a popular cycling trail, offering bike rentals can be a great way to generate extra income.

New Bike Sales Consider selling new bicycles in your shop. Customers bringing in their old bikes for repair may be tempted to purchase a new one, especially if they see models they like on your sales floor.

Bike Customization Offer customization services like personalized paint jobs or specific component upgrades.

This caters to customers who want to personalize their bikes or improve their performance.

Bike Detailing Similar to car detailing, bike detailing involves thoroughly cleaning a bicycle, polishing its frame, lubricating components, and ensuring it looks as good as new.

This service can appeal to cyclists who take great pride in their bikes’ appearance.

Bike Repainting and Restorations For customers with older or vintage bicycles, offering repainting and restoration services can be a profitable niche.

This involves restoring bikes to their former glory, which can be a labor-intensive job but also one that can command higher fees.

Remember, the key to success with add-ons is to offer services that meet the needs and desires of your specific customer base.

Doing so can enhance your business’ profitability and make your shop a one-stop solution for all things bicycle-related.

e.) Questions You Need to Consider for Your Bicycle Repair Shop

As you contemplate starting a bicycle repair shop, it’s important to ask yourself a series of crucial questions to better define your business concept, goals, and plans:

Business Model, What type of bicycle repair shop model are you considering? Are you thinking of a traditional brick-and-mortar shop, a mobile repair service, or a hybrid model with rentals or sales?

Work Distribution Will you be the main mechanic, or do you plan to hire employees? How much work are you personally willing and able to take on?

Management Role Do you intend to handle the managerial tasks of the bicycle repair shop, or are you considering hiring a manager? What kind of leadership structure best suits your skills and business concept?

Partnerships and Investment Are you interested in seeking business partners or investors? What financial resources do you have, and what additional resources might you need?

Location Are you planning to operate from a home-based setup, a commercial location, or a mobile unit? How will your location impact your business and the services you can offer?

Growth and Long-term Goals What are your growth plans and long-term objectives for your bicycle repair shop? How might your business need to evolve to meet these goals?

Target Audience Who is your target customer? How will you attract and retain this demographic?

Competitor Analysis Who are your main competitors? How will you differentiate your services to stand out in the market?

Legal and Regulatory Requirements What permits or licenses do you need to operate a bicycle repair shop in your area? Are there specific regulations you need to adhere to?

Reflecting on these questions will help guide you in forming your business.

They will serve as the foundation for your business plan and help clarify the actions you need to take to make your bicycle repair shop a reality.

The answers will assist you in navigating the steps ahead with confidence and precision.

f.) Pros and Cons of Owning a Bicycle Repair Shop

Pros of Running a Bicycle Repair Shop

Be Your Own Boss Having your bicycle repair shop means you can be your boss, dictating your work schedule and making all the key decisions about how your business is run.

Freedom to Innovate You’re free to be creative in how you run your business, from unique service offerings to inventive marketing strategies.

Potential for High Revenue If your business is successful, it has the potential to generate significant revenue, offering financial stability and growth opportunities.

Flexibility When your business is established, and you have a reliable team, you’ll have the flexibility to set your hours and create a work-life balance that suits you.

Control Over Working Environment As the owner, you control the working environment, which means you can create a place that reflects your values and is enjoyable for your employees and customers.

Fulfillment Running a successful bicycle repair shop can be very fulfilling. You’re providing a valuable service to your community, and there’s a sense of satisfaction in helping people keep their bicycles in top condition.

Passion for Cycling If you’re passionate about bicycles and cycling, owning a repair shop lets you turn that passion into your livelihood. You’ll be surrounded by what you love every day.

Cons of Running a Bicycle Repair Shop

Responsibility As the owner, all problems fall on your shoulders. From customer complaints to employee issues, you’ll be the one who has to deal with them.

Irregular Income In the early stages of your business and during slow periods, your income may not be steady. You may need to prepare for periods of lower income.

Difficult Start-Up Phase The start-up phase can be challenging, with numerous tasks, from setting up the shop to attracting the first customers.

Extra Working Hours Owning a business often requires long hours, especially in the beginning. You may find yourself working evenings and weekends to keep things running smoothly.

Pressure to Succeed There’s considerable pressure when running a business. It’s not just your livelihood at stake but potentially that of your employees.

Initial Investment Starting a bicycle repair shop requires a substantial upfront investment for things like rental space, tools, inventory, and more.

Constant Change The cycling industry is continually evolving, with new bicycle models and technologies emerging regularly. This constant change means you must stay updated and adapt your business to keep up.

Business Risks Every business carries risks, from financial risks to market volatility. There’s no guarantee of success, and your business may be affected by factors beyond your control.

Staffing Challenges Finding skilled mechanics can be a challenge. You’ll need to invest time and resources in hiring and training your staff, and there can be turnover and employee management issues.

For more, see Pros and Cons of Starting a Small Business.

3. Research

Bicycle repair shop research.

Thorough Research: A Crucial Step

Before embarking on the journey of opening a bicycle repair shop, conducting thorough research is paramount.

It gives you the necessary knowledge and understanding of what you’re getting into.

Valuable Insights from Industry Experts

Experienced individuals who have successfully run bicycle repair shops are a valuable source of information. Their expertise and knowledge can offer priceless insights.

Tapping into Expertise: Spending Time with the Pros

Spending time with these industry experts allows you to tap into their wealth of experience. It’s an opportunity to gain valuable insights and knowledge.

Finding the Right Contacts: A Guided Approach

I have written an article that offers ideas on finding the right people to contact. It also guides approaching them in a respectful and non-threatening manner.

Beyond This Post: Reading the Article

The steps involved go beyond the scope of this post.

I strongly recommend reading the article from the link below to understand what lies ahead.

See An Inside Look Into the Business You Want To Start for all the details.

Target Audience

Understanding your target audience is crucial for any business, including a bicycle repair shop.

When you clearly understand your target market, you can tailor your offers to appeal to potential customers and provide products and services that genuinely interest them.

This targeted approach allows you to effectively meet their needs and increase customer satisfaction.

Potential target market ideas for a bicycle repair shop:

• Cycling enthusiasts and hobbyists
• Commuters who rely on bicycles for transportation
• Bike rental companies
• Local sports teams and clubs with cycling activities
• Students and faculty members at nearby schools or universities with cycling programs
• Tourists and visitors exploring the area on bikes

For more, see How To Understand Your Target Market.

4. Looking at Financials:

Startup Costs: Planning for a Successful Launch

Accurately estimating startup costs for your bicycle repair shop is crucial to ensure a smooth process from planning to opening.

Underestimating may lead to running out of funds, hindering the opening of your business while overestimating may make your venture seem risky.

Factors influencing costs include operation size, location, equipment (new or used), employee hiring, and leasing options.

Create a comprehensive list of requirements and research their prices, considering additional issues that may arise during the process.

For more detailed information, refer to my article on Estimating Startup Costs.

Sales and Profit: Key Considerations

The success of your bicycle repair shop relies on several factors related to sales and profit.

These include the popularity of your products and services, the demand for them, and effective marketing strategies to reach the right audience.

Profitability: Beyond Sales

Profitability encompasses more than just the profit per sale. It involves meticulous consideration of various expenses such as rent, payroll, and overhead costs.

Generating sufficient sales is essential to cover monthly expenses and ensure a sustainable income for the business and yourself.

For More, See Estimating Profitability and Revenue

Sample Financial Lists As a Starting Point

Estimated Start-Up Costs for a Bicycle Repair Shop

• Lease (Security deposit and first month’s rent): $5,000
• Renovation and Setup: $10,000
• Equipment (Repair tools, workbench, etc.): $8,000
• Initial Inventory (Bicycle parts, accessories): $7,000
• Business License and Permits: $1,000
• Insurance (Initial premium): $2,000
• Marketing and Advertising (For launch): $3,000
• Website Development: $1,500

Total Estimated Start-Up Cost: $37,500

Estimated Monthly Expenses for a Bicycle Repair Shop

• Lease: $2,000
• Utilities (Electricity, water, internet): $500
• Employee Salaries (Assuming 3 full-time employees): $9,000
• Inventory Restocking: $3,500
• Insurance: $200
• Marketing and Advertising: $1,000
• Website Maintenance: $100
• Miscellaneous (Cleaning, office supplies): $200

Total Estimated Monthly Expense: $16,500

Sample Sales and Profit Breakdown

Assuming an average of 10 customers per day, each spending an average of $75 (a combination of repairs, parts, and accessories), the shop would make:

• Daily Revenue: $750
• Monthly Revenue (Assuming 26 working days): $19,500

Subtracting the estimated monthly expense of $16,500 from the revenue gives:

• Monthly Profit: $3,000

This translates into an annual profit of $36,000 after the first year of operation. This figure could increase as the customer base grows and operations become more efficient.

These are just examples. You can use the above samples for ideas and as a starting point. Every situation is different, and many factors come into play.

Your figures will be different. Starting a business involves careful planning and consideration.

Research and consider seeking professional advice when calculating your business’s startup costs, expenses, and potential revenues and profits.

A financial advisor or accountant with experience in small businesses can be a valuable resource in this process.

5. Choosing The Right Business Location

Location: A Make-or-Break Factor

Choosing the right location for your bicycle repair shop is crucial for its success. Here are key factors to consider:

Demand and Competition: Striking a Balance

Operating in an area with no demand for your services spells trouble.

Likewise, intense competition can make it hard to gain market share. Aim for a location with sufficient demand and a manageable level of competition.

Affordability: Making it Work

Consider the financial aspect. While a bustling area offers exposure, ensure it’s financially viable. Conversely, a cheaper location may raise concerns about generating enough sales.

Home-Based Option: Starting Small, Growing Big

Starting from home is a viable option for certain business models, particularly online or less customer-facing operations.

It offers flexibility and allows for expansion into a commercial space when needed.

Research and Decide

Thoroughly research and analyze potential locations. It’s a critical step towards achieving success for your bicycle repair shop.

For more about business locations, see Choosing The Best Location for Your Business.

6. Create Your Mission Statement

A mission statement is a valuable tool in identifying the purpose of your bicycle repair shop.

It keeps you focused and reminds you of the primary benefit you offer to customers and the community.

Examples of mission statements for a bicycle repair shop:

• “Our mission is to provide high-quality bicycle repair services that keep riders safely on the road and contribute to a healthier, greener community.”
• “We are dedicated to being the go-to destination for reliable bicycle repairs, offering exceptional customer service, and promoting cycling as a sustainable mode of transportation.”
• “Our mission is to empower cyclists of all levels by delivering expert repairs, personalized advice, and a welcoming atmosphere, fostering a vibrant and inclusive cycling culture in our community.”

For more, see, How To Create a Mission Statement

7. Creating A Unique Selling Proposition (USP)

A Unique Selling Proposition (USP) helps your bicycle repair shop stand out by identifying and creating something distinct from competitors.

Examples of USPs for a bicycle repair shop:

• “Same-day service: Get your bike repaired and back on the road in record time.”
• “Expertise in vintage bicycle restoration: Bringing classic bikes back to their former glory with meticulous craftsmanship.”
• “Mobile repair service: We come to you, providing convenient on-site repairs at your doorstep.”
• “Eco-friendly approach: Using sustainable practices and promoting environmentally conscious choices in every aspect of our repairs.”
• “Complimentary maintenance clinics: Offering workshops to educate customers on basic bike maintenance, empowering them to care for their bikes.”

8. Choose a Business Name

Finding the Perfect Business Name: Catchy and Memorable

Selecting the right name for your bicycle repair shop is essential. You want something catchy, appropriate, and easy to pronounce.

Your business name will likely remain unchanged throughout your ownership, so choose wisely.

Online Presence: Securing a Matching Domain Name

Having a matching domain name for your online presence is crucial. Ensure that another business does not already register the name you desire.

Here are 30 creative ideas to inspire your bicycle repair shop name:

• CycleRevive
• WheelWizards
• PedalPalace
• RepairRiders
• PedalPitstop
• CycleMasters
• BikeRevolution
• PedalPrecision
• SpinSolutions
• WheelWizardry
• BikeRxpress
• GearGuardians

For more information and ideas, please refer to the following articles.

• How To Register a Business Name
• Registering a Domain Name For Your Business

9. Register Your Company

Ensuring Legal Compliance for Your Bicycle Repair Shop

• It is crucial to ensure that your bicycle repair shop operates within the boundaries of the law. Compliance with legal requirements helps protect your business, establish credibility, and avoid potential penalties.
• Consulting with a legal professional or business advisor is highly recommended. They can guide you through the process, ensuring your business structure is optimized for tax benefits and liability protection.

Common Types of Registrations for a Bicycle Repair Shop:

• Business Entity Registration: Register your bicycle repair shop as a legal entity such as a sole proprietorship, partnership, limited liability company (LLC), or corporation, depending on your preferred structure and the regulations in your jurisdiction.
• Employer Identification Number (EIN): Obtain an EIN from the Internal Revenue Service (IRS) if you plan to hire employees or have a legal entity other than a sole proprietorship.
• State and Local Registrations: Research and comply with state or local registration requirements specific to bicycle repair shops in your area. This may include obtaining a business license or permits to operate legally.

Permits and Licenses to Consider for a Bicycle Repair Shop:

• General Business License: Check if your jurisdiction requires a general business license to operate any business, including bicycle repair shops.
• Zoning Permit: Ensure that your location is zoned appropriately for commercial activities and obtain the necessary permits to comply with local zoning regulations.
• Environmental Permits: If your shop handles hazardous materials or generates waste, you may need specific permits to ensure environmental regulations compliance.
• Specialized Certifications: Depending on your services, consider obtaining certifications such as bicycle mechanics or manufacturer-specific certifications to demonstrate expertise and credibility.

Remember, this overview provides a general understanding, but it is essential to consult with professionals and research the specific legal requirements and regulations applicable to your location.

For more, see the following articles:

Registration:

• How to Register Your Business
• How To Register a DBA
• How to Register a Trademark
• How to Get a Business License

Business Structures:

• How to Choose a Business Structure
• Pros & Cons of a Sole Proprietorship
• How To Form an LLC
• How To Register a Business Partnership
• How To Form a Corporation
• How To Choose a Business Registration Service

10. Create Your Corporate Identity

A Corporate ID, or Corporate Identity, is a visual representation of your bicycle repair shop.

Your Corporate ID encompasses multiple components, including your logo , business cards , website , business sign , stationary, and promotional items.

Maintaining a consistent and professional design across these elements is essential to make a lasting impression on new and existing customers.

It helps establish your brand identity and builds trust in your business.

See A Complete Introduction to Corporate Identity Packages for more.

11. Writing a Business Plan

The Importance of a Business Plan

A business plan is a crucial document for your bicycle repair shop. It serves multiple purposes, such as securing funding and attracting potential investors.

Moreover, it acts as a roadmap to guide you during the startup phase and throughout your business’s operation.

Crafting a Vision: Time and Consideration

Writing a business plan takes time and effort as it involves envisioning the future of your open and operational bicycle repair shop.

Careful planning and attention to detail are necessary to express your ideas effectively.

Multiple Options, Active Participation

When creating your business plan, you have various options available. You can write it from scratch, hire a professional, use a template, or utilize business plan software.

Regardless of your chosen approach, active participation is essential, particularly if you hire a professional.

This ensures that your business plan is distinctive and effectively communicates your business’s nature and management strategies.

Adaptability and Optimization

Your business plan can change and be optimized as you gain experience. Regularly reviewing and making necessary adjustments to your plan and operations is advisable for long-term success.

A Fictitious Business Plan Example for a Bicycle Repair Shop

Executive Summary

Business Name: Spoke & Wheel Bicycle Repair Shop

Location: 123 Main Street, Anytown, USA

Objective: To provide high-quality, affordable bicycle repair services to local customers, focusing on exceptional customer service, quick turnaround times, and an inclusive community atmosphere.

Company Description

Spoke & Wheel is a customer-focused bicycle repair shop.

The shop will cater to cyclists of all levels, from casual riders to serious athletes, offering comprehensive repair and maintenance services, bike customization, and a selection of parts and accessories. The business aims to become a central hub for the local cycling community.

Market Analysis

Market: The shop will serve the growing community of cyclists in Anytown and surrounding areas. The market includes daily commuters, recreational riders, and serious cyclists.

Competition: There are two other bike shops in the area. However, their focus is primarily on bike sales, with repair services being secondary.

Advantages: Spoke & Wheel will set itself apart with its singular focus on high-quality repair services, fast turnaround times, and commitment to customer satisfaction.

Organization and Management

Owner: John Doe, an experienced bicycle mechanic with over 10 years in the industry.

Staff: Initially, the shop will hire two full-time certified bike mechanics. As the business grows, additional staff will be hired as necessary.

Spoke & Wheel will offer a full range of bicycle repair and maintenance services, including tune-ups, tire and tube repairs, brake adjustments, gear system repairs, bike fitting services, and more.

The shop will also offer bike customization and a selection of popular parts and accessories.

Marketing and Sales Strategy

Marketing efforts will focus on building relationships with the local cycling community.

Strategies will include social media engagement, participation in local cycling events, and a customer referral program.

Funding Request and Financial Projections

The owner will invest $20,000 in the business. An additional $17,500 loan is requested to cover start-up costs.

The shop is projected to be profitable by the end of its second year.

Future Plans

Spoke & Wheel plans to gradually expand its services and customer base, potentially adding bike rentals and classes on bike maintenance and repair.

The long-term goal is to make Spoke & Wheel a household name in the local cycling community.

For information on creating your business plan, see, How to Write a Business Plan.

12. Banking Considerations

Choosing a Business Bank for Your Bicycle Repair Shop

When selecting a bank for your bicycle repair shop, opting for a nearby bank that specializes in serving business owners is beneficial.

This ensures that you have access to tailored services and support.

The Benefits of a Separate Business Account

Maintaining a separate business account offers numerous advantages. It allows you to segregate business expenses from personal spending, simplifying expense tracking and bookkeeping.

Moreover, in the event of a tax audit, having a separate account provides clear evidence of business transactions.

Building a Professional Relationship with Your Banker

Developing a professional relationship with your banker is highly recommended.

They can offer valuable advice and financial services and streamline the application process for various banking needs.

Establishing this connection can benefit your bicycle repair shop in the long run.

Accepting Credit and Debit Cards: Merchant Account

Consider applying for a merchant account or a similar setup that enables your bicycle repair shop to accept credit and debit card payments.

Offering this payment option enhances convenience for your customers and expands your business’s revenue potential.

For more, see, How to Open a Business Bank Account. You may also want to look at, What Is a Merchant Account and How to Get One.

13. Getting the Funds for Your Operation

Getting Funding for Your Bicycle Repair Shop: A Comprehensive Overview

Various funding options are available if you require financial assistance to start and operate your bicycle repair shop.

Consider the following tips if you need a loan to kickstart your business:

• Explore Traditional Lenders: Traditional banks and financial institutions offer business loans, which may require a thorough application process and collateral.
• Private Loans and Investors: Private loans from individuals or investments from interested parties can be alternative funding sources.
• Asset Selling and Collateral: Selling any assets you have or offering collateral can help secure funding for your bicycle repair shop.

When meeting with a loan officer, consider the following:

• Prepare a solid business plan to demonstrate your shop’s viability and potential for success.
• Present financial projections showcasing revenue potential and repayment capability.
• Showcase industry knowledge and expertise to inspire confidence in your business.
• Business plan and financial statements
• Personal and business tax returns
• Bank statements and financial records
• Legal documentation (licenses, permits, contracts)
• Proof of collateral (if applicable)

Remember, seeking professional advice and assistance during the loan application process can be beneficial.

See, Getting a Small Business Loan for more.

14. Software Setup

Software Considerations for a Bicycle Repair Shop.

Software Considerations for Your Bicycle Repair Shop

Careful research and evaluation are crucial when choosing software for your bicycle repair shop. Here are some important points to consider:

• Implementation Ease: Implementing software from scratch is easier than switching to a new system once your data is already in another program. Consider the long-term implications and potential challenges before making a decision.
• Demo and Reviews: Look for software providers that offer a demo or trial version. Additionally, read reviews and participate in forums to gather insights from other user’s experiences with the software. This can provide valuable information to help you make an informed choice.
• Financial Tracking and Tax Preparation: Research software options that can effectively track expenses and assist in preparing financial documents for tax filing. Consulting with your bookkeeper or accountant can guide in selecting the right accounting software for your specific needs.

List of Software to Consider for a Bicycle Repair Shop:

• RepairShopr
• Lightspeed Retail
• Bike Rental Manager
• Cycle Pro Software
• BPro Software
• BikeMaster POS
• Workshop Software
• SmartRepair Software

Remember to thoroughly evaluate each software option based on your unique requirements and seek recommendations from industry professionals or fellow bicycle repair shop owners for further insights.

Check out Google’s latest search results for software packages for a bicycle repair shop.

15. Get The Right Business Insurance

Insurance Considerations for Your Bicycle Repair Shop

When seeking insurance coverage for your bicycle repair shop, it’s important to address the following concerns:

• Comprehensive Coverage: Ensure your insurance policy adequately covers potential incidents at your business premises. This includes protection for customers, employees, yourself, and anyone on the premises.
• Professional Liability Insurance: Consider obtaining professional liability insurance, also known as errors and omissions insurance. This coverage can protect you in the event of lawsuits related to your professional services.
• Home-Based Business Considerations: If you plan to operate or manage your bicycle repair shop from your home, it’s crucial to inform your home insurance agent. This is important because running a business from home can nullify your existing home insurance policy, so you may need additional coverage.
• Seek Professional Guidance: Engage a competent insurance broker specializing in commercial insurance for bicycle repair shops. They can guide you through the process and ensure that you have appropriate coverage tailored to your specific needs.

Remember, addressing these concerns and obtaining the right insurance coverage is essential to protect your business, assets, and liabilities in case of unforeseen events or legal matters.

For more, see What to Know About Business Insurance . You can also browse the latest Google search results for bicycle repair shop insurance .

16. Select Suppliers

Choosing Suppliers for Your Bicycle Repair Shop

Establishing strong relationships with your suppliers is vital for the success of your bicycle repair shop.

Consider the following factors when selecting your suppliers:

Reliability and Trustworthiness:

Having suppliers that are reliable and trustworthy is crucial. They play a key role in your business’s success by offering competitive prices, enabling you to provide cost savings to your customers and improve your profit margin.

Also, reliable suppliers ensure you always have the necessary stock to run your business smoothly.

Mutually Beneficial Relationships:

Treating your suppliers respectfully and ensuring they benefit financially from the partnership is important.

Building mutually beneficial relationships improves communication, trust, and cooperation with your suppliers.

By fostering strong relationships with suppliers, you can create a network of trusted partners contributing to your bicycle repair shop’s smooth operation and growth.

For More See, How To Choose a Supplier.

17. Physical Setup

A bicycle repair shop’s physical setup or layout is crucial to its efficiency and functionality. It should be designed to maximize space utilization and workflow.

Consider factors such as the placement of repair stations, storage areas for tools and spare parts, and customer waiting areas.

An optimized layout ensures a smooth and organized operation, allowing seamless customer service and streamlined repairs.

Setting up signage is essential for a bicycle repair shop. In addition to installing a prominent business sign, it is important to place signs strategically throughout the premises.

These signs should be placed in relevant locations, such as parking lots, exits, and special areas.

Well-designed signage helps direct people and showcases professionalism in your operation, creating a positive impression for customers.

Office Setup:

Efficient management of your bicycle repair shop requires a well-organized office space.

Your office should have the necessary tools and equipment to handle administrative tasks and operations effectively.

Ensure you have essential office supplies, computer systems, software, and filing systems.

A properly organized office enhances productivity and enables you to efficiently manage various aspects of your business, allowing you to focus on delivering exceptional customer service and overseeing repair operations.

See, Here are Considerations for The Setup of Your Office, for tips and ideas to make your office work for you. Also, have a look at our article About Company Signs.

18. Creating a Website

A website for your bicycle repair shop offers numerous benefits for your business.

First and foremost, it enhances your online presence, making it easier for potential customers to find you and learn about your services.

A website provides a platform to showcase your expertise, highlight your unique selling points, and display customer testimonials.

Additionally, a website allows customers to conveniently schedule appointments, inquire about services, and access important information about your shop.

It also opens opportunities for online sales of accessories or merchandise, expanding your revenue streams.

A well-designed website instills credibility and professionalism, building trust with customers.

It serves as a 24/7 virtual storefront, enabling you to reach a wider audience and stay competitive in the digital landscape of the bicycle repair industry.

For more, see How to Build a Website for Your Business .

19. Create an External Support Team

Building an External Support Team for Your Bicycle Repair Shop

An external support team of professionals is a valuable group of individuals you can rely on for advice and services. It’s important to note that these professionals are not part of your payroll.

Ideally, you engage their services per-use, contractual, or hourly basis.

While you may already work with some individuals, recognizing them as part of your team helps you appreciate their significance and consider adding more members.

You don’t necessarily need to have all team members in place before starting your bicycle repair shop.

Building strong professional relationships and finding reliable individuals takes time. However, it is an ongoing effort that you should prioritize.

A strong team can assist whenever you need it.

Your external support team may consist of an accountant, a lawyer, a financial advisor, a marketing specialist, technical advisors, consultants, and more.

Collaborating with these professionals adds expertise and resources to your business, ensuring a well-rounded approach to decision-making and problem-solving .

For more, see, Building a Team of Professional Advisors for Your Business.

20. Hiring Employees

Managing Staffing Needs for Your Bicycle Repair Shop

In the early stages of your bicycle repair shop, you might consider handling all tasks to minimize expenses, particularly payroll costs, during the startup phase.

However, managing and operating everything independently may become challenging as your business grows.

At that point, hiring employees can significantly enhance productivity, provided you find the right individuals.

List of Jobs Needed to Run a Bicycle Repair Shop:

The following are job positions or outsourced services you may want to consider as your bicycle repair shop grows and becomes successful:

• Bicycle Mechanics : Skilled technicians who can efficiently repair and maintain bicycles of various types.
• Customer Service Representatives : Friendly and knowledgeable staff who can assist customers with inquiries, schedule appointments, and guide repairs.
• Sales Associates : Individuals who can promote accessories, parts, and services to customers, offering product expertise and driving sales.
• Inventory Manager : Responsible for monitoring and replenishing stock, ensuring availability of spare parts and supplies.
• Marketing Specialist : A professional who can develop and implement marketing strategies, including digital marketing, social media management, and advertising campaigns.
• Bookkeeper : Handles financial records, payroll, and bookkeeping tasks to ensure accurate financial management.
• Administrative Assistant : Supports administrative tasks, appointment scheduling, and general office management.
• Outsourced Services : Consider outsourcing services such as accounting, legal advice, IT support, or web development to professionals in these areas.

As your bicycle repair shop achieves success and grows, filling these positions with skilled individuals can contribute to a well-rounded and efficient operation.

For more, see, How and When to Hire a New Employee.

Points To Consider

Hours of operation:.

Here are some hours of operation to consider for a bicycle repair shop:

Regular Business Hours : Monday to Friday, 9:00 AM to 6:00 PM

• This allows for consistency and convenience for customers during the typical workweek.

Extended Evening Hours : Thursday, 9:00 AM to 8:00 PM

• Offering extended hours on a specific day can accommodate customers who may have difficulty visiting during regular hours due to work or other commitments.

Saturday Hours : Saturday, 9:00 AM to 4:00 PM

• Opening on Saturdays allows customers who cannot visit on weekdays to bring in their bicycles for repairs or maintenance.

Seasonal Adjustments : Consider extending or adjusting hours during peak cycling seasons or in locations with high tourist activity.

Appointment-Only Slots : Reserve specific time slots for customers who prefer to schedule bicycle repair or consultation appointments.

Remember, the hours of operation should align with the needs of your target customers and the local market demand.

Regularly assess and adjust your hours based on customer feedback, seasonal fluctuations, and business performance to optimize customer satisfaction and operational efficiency.

A List of Equipment and Supplies to Consider for a Bicycle Repair Shop:

Starting a bicycle repair shop will require various tools and equipment for various repair tasks. Here is a detailed list:

Workshop Equipment:

• Workbenches
• Bicycle Repair Stands
• Bicycle Lift (for heavy bikes)
• Tool Chests/Cabinets

Hand Tools:

• Screwdrivers (various sizes and types)
• Wrench Set (including adjustable and torque wrenches)
• Allen Key Set
• Pliers (needle nose and regular)
• Wire Cutters

Specialized Bicycle Tools:

• Bike Multi-tool (contains various tools specifically designed for bike repair)
• Chain Tools (breaker and checker)
• Spoke Wrench
• Pedal Wrench
• Bottom Bracket Tools
• Cassette Removal Tools
• Headset Wrenches
• Cone Wrenches
• Crank Puller

Tire and Tube Repair:

• Tire Levers
• Tire Pumps (including a high-quality floor pump and a hand pump)
• Tire Pressure Gauge

Cleaning Supplies:

• Chain Cleaner
• Brushes (various sizes for different parts)

Diagnostic Tools:

• Truing Stand (for wheel alignment)
• Dishing Tool
• Derailleur Alignment Gauge
• Cable Stretcher

Safety Equipment:

• First Aid Kit
• Safety Glasses

Storage and Organization:

• Parts Bins (for organizing small parts like screws and bolts)
• Bicycle Racks (for storing bikes before and after repair)
• Shelving Units (for storing tools and supplies)

Additional Equipment:

• Air Compressor
• Shop Lighting
• Office Equipment (computers, printers, cash register)

This list covers the most essential equipment for a standard bike repair shop.

However, additional specialized tools may be needed depending on the specific services offered.

Always remember to keep your tools and equipment in good condition for the best results and customer satisfaction.

Marketing Considerations

Attracting Customers to Your Bicycle Repair Shop

A bicycle repair shop relies on customers for its success, making customer attraction a vital aspect of your business.

In the initial stages, it can be challenging as your shop is new and unknown to people.

However, attracting customers becomes easier as you build a good reputation and gain marketing experience.

Marketing as an Ongoing Process

Marketing your bicycle repair shop is an ongoing process that requires consistent effort. The more you invest in effective marketing techniques, the more revenue you generate.

No Need for Expertise

You don’t always need a marketing agency or expert to promote your business. If necessary, you can seek professional assistance.

Simplify your marketing approach by focusing on creating awareness about your business.

Seize opportunities to spread the word and attract potential customers to your shop.

See our article How To Get Customers Through the Door and our marketing section for articles that will provide ideas to bring awareness to your bicycle repair shop.

Evaluating Your Skills for Running a Bicycle Repair Shop

Focusing on your skill set and assessing whether you possess the necessary abilities to effectively run a bicycle repair shop is crucial.

Recognize the importance of evaluating your skills and competencies to ensure a successful operation.

Remember, if you lack a crucial skill, you have options. You can acquire the skill through learning or consider hiring someone with the expertise.

Essential Skills for a Bicycle Repair Shop Owner:

• Mechanical Expertise : Proficiency in repairing and maintaining bicycles, including knowledge of different bike components, tools, and repair techniques.
• Customer Service Skills : The ability to provide excellent customer service, communicate effectively, and address customers’ needs and concerns.
• Problem-Solving Abilities : Strong problem-solving skills to diagnose and troubleshoot bicycle issues and find efficient repair solutions.
• Business Management : Basic business management skills, including financial management, inventory control, and marketing strategies.
• Time Management : Effective time management skills to prioritize tasks, manage workflow, and ensure timely completion of repairs and customer service.
• Attention to Detail : Meticulousness and attention to detail to deliver high-quality repairs and maintain customer satisfaction.
• Continuous Learning : A willingness to stay updated with industry trends, new bicycle technologies, and repair techniques through ongoing learning and professional development.

Remember, these skills can be developed and honed over time, and seeking training or mentorship opportunities can help you enhance your expertise in running a successful bicycle repair shop.

Expert Tips

Improving Skills and Knowledge through Expert Tips

Whether you’re an expert or a novice, seeking expert tips can enhance your skill set.

Experts may discover easier methods or gain new perspectives.

At the same time, novices can gather invaluable tips to improve their skills and knowledge, paving the way for growth and development in their field.

See the latest search results for expert bicycle repair shop tips to gain tips and insights.

Valuable Resources for Your Bicycle Repair Shop

This section will find resources tailored to the bicycle repair shop industry.

These resources provide access to up-to-date and popular information that can benefit your business.

Whether in the startup phase or fully operational, these resources offer valuable insights to help you gain a deeper understanding of the industry and obtain practical tips for enhancing your business operations.

Utilize these resources to stay informed, adapt to industry trends, and continuously improve your bicycle repair shop.

Trends and Statistics

Benefits of Analyzing Industry Trends and Statistics for Your Bicycle Repair Shop

Analyzing industry trends and statistics for your bicycle repair shop offers several benefits.

It helps you stay updated on market developments, identify emerging customer preferences, make informed business decisions, and adapt your strategies accordingly.

By keeping a pulse on industry trends, you can position your shop for growth, enhance customer satisfaction, and maintain a competitive edge in the market.

See the latest search results for trends and statistics related to the bicycle repair shop industry.

Bicycle Repair Shop Associations

Advantages of Trade Associations for Your Bicycle Repair Shop

Trade associations offer several advantages, including access to industry news and valuable networking opportunities.

These benefits become even more apparent when associations organize events, providing a platform to stay informed, connect with industry professionals, and foster meaningful business relationships.

See the search results related to bicycle repair shop associations.

Top Bicycle Repair Shop

Gaining Insights from Established Bicycle Repair Shops

Examining established bicycle repair shops can provide valuable ideas and inspiration.

You can identify gaps in the industry that you can address with your unique offerings or discover areas where your own business may have overlooked opportunities for improvement.

See the latest search results for the top bicycle repair shop.

The Future of the Bicycle Repair Shop Industry

Benefits of Researching the Future of the Bicycle Repair Shop Industry

Researching the future of the bicycle repair shop industry offers several benefits for aspiring entrepreneurs.

It helps you anticipate emerging trends, identify potential market opportunities, and make informed decisions during the startup phase.

Understanding the industry’s future can give you a competitive edge and increase your chances of long-term success.

See the search results for the future of the bicycle repair shop industry.

Benefits of Researching Industry Prices for Starting a Bicycle Repair Shop

Researching industry prices when starting a bicycle repair shop offers several advantages.

It helps you understand market rates, set competitive pricing strategies, and determine your business’s financial feasibility.

By analyzing industry prices, you can make informed decisions and position your shop for profitability and success.

See the latest bicycle repair shop prices.

Bicycle Repair Shop for Sale

Pros and Cons of Buying an Established Bicycle Repair Shop

When considering whether to buy an existing bicycle repair shop that is already operational, weighing the pros and cons is important.

Benefits of Buying an Established Bicycle Repair Shop:

• Immediate Revenue : You can start earning revenue from the day you take over, avoiding the initial startup phase.
• Proven Business Model : The existing shop demonstrates that the business works with established revenue, profit, and expense patterns.
• Existing Customer Base : Acquiring an established shop means you already have a customer base, providing a solid foundation for future growth.
• Reputation : The business has already built a reputation, saving you time and effort to establish market credibility.

Disadvantages of Buying an Established Bicycle Repair Shop:

• Higher Cost : Buying an established shop usually involves paying for its goodwill, including the customer base, which can lead to a higher purchase price.
• Customer Loyalty : If you want to implement changes to the business, there is a risk of losing customers who are accustomed to the previous operations.
• Inherited Reputation : When you purchase a business, you also inherit its reputation, including both positive and negative aspects.

These factors will help you decide whether buying an existing bicycle repair shop aligns with your goals and preferences.

See the latest search results related to bicycle repair shop – businesses for sale to browse the latest listings.

Franchise Opportunities Related to a bicycle repair shop

Pros and Cons of Buying a Bicycle Repair Shop Franchise

Considering a bicycle repair shop franchise has pros and cons, making it worth exploring before starting your own business. Exploring franchise opportunities may also uncover aspects related to a bicycle repair shop that you hadn’t previously considered.

Pros of Buying a Bicycle Repair Shop Franchise:

• Proven Business Model : With a franchise, you can follow a pre-established plan created by the corporate office, providing you with a proven business model to work with.
• Reputation and Marketing : Benefit from the franchise’s existing reputation and marketing efforts, leveraging brand recognition to attract customers.
• Comprehensive Knowledge : Gain access to detailed information about the business, offering a clear understanding of its operations and requirements before getting started.
• Corporate Support : Enjoy support from the corporate office, which can provide guidance, training, and ongoing assistance to ensure your success.

Cons of Buying a Bicycle Repair Shop Franchise:

• Higher Cost : Purchasing a franchise can be expensive, with initial fees and ongoing royalty payments.
• Limited Autonomy : Making major changes to the business often requires approval from the corporate office, restricting your flexibility and decision-making autonomy.
• Restricted Products and Services : Operating within the franchise agreement means you must adhere to approved products and services, limiting your ability to introduce new offerings.
• Franchise Fees : Ongoing fees, such as royalties or marketing contributions, are typically required as part of the franchise agreement.

Considering these pros and cons will help you assess whether buying a bicycle repair shop franchise aligns with your goals, resources, and preferences for starting and operating a successful business.

See the latest search results for franchise opportunities related to this industry.

Knowledge Is Power if You Use It!

Harness the Power of Knowledge for Your Bicycle Repair Shop

Knowledge is a valuable asset when applied effectively. Fortunately, you can access abundant information about the bicycle repair shop industry online.

The links in the following sections offer a wealth of valuable information that can assist you during the research phase, startup process, and ongoing operation of your business.

By utilizing these resources, you can stay informed, make informed decisions, and enhance the success of your bicycle repair shop. Remember, knowledge is power when you put it into action!

A Day in the Life

Gaining Insights into the Life of a Bicycle Repair Shop Owner

“A Day in the Life” of a bicycle repair shop owner provides valuable tips and insights from industry professionals, offering a comprehensive overview of what to expect in this role.

Utilize these firsthand experiences to gain valuable insights into the daily operations of running a bicycle repair shop.

See the search results related to a day in the life of bicycle repair shop owners.

Bicycle Repair Shop Owners Interviews

Insights from Bicycle Repair Shop Owners: Valuable Information and Perspectives

Interviews with business owners in the bicycle repair shop industry provide essential information and insights.

Take the time to explore this section, as it offers diverse perspectives and valuable insights, helping you understand the industry and prepare for what lies ahead.

See the search results related to interviews of bicycle repair shop owners.

Publications

Stay Updated with Bicycle Repair Shop Publications

Publications are an excellent resource for staying up-to-date with the latest bicycle repair shop industry information.

Explore these publications to access valuable insights, trends, and news, ensuring you stay informed and well-equipped to manage your business.

See the search results for Industry publications.

Engage in Bicycle Repair Shop Forums for Industry Discussions

Participating in bicycle repair shop forums offers an opportunity to join hot-topic discussions and build connections with industry peers.

Engaging in forums provides a valuable platform to gain insights into customer perspectives, foster relationships, and acquire invaluable information about the industry.

See the latest search results related to bicycle repair shop forums.

Expand Your Skills and Stay Current with Bicycle Repair Shop Courses

Courses focused on bicycle repair shop topics offer an excellent opportunity to enhance your skill set, gain new knowledge, and stay up-to-date with industry trends.

Engaging in these courses enables continuous learning and professional growth within the industry.

See the latest courses related to running a bicycle repair shop.

Bicycle Repair Shop Blogs

Stay Informed and Inspired with Bicycle Repair Shop Blogs

Subscribing to bicycle repair shop blogs offers a valuable resource for ideas and industry updates.

Subscribing to multiple blogs and curating your collection based on relevance and quality, you can maintain a constant flow of information that keeps you informed and inspired in your bicycle repair shop endeavors.

Look at the latest search results for bicycle repair shop blogs to follow.

Stay Updated with Bicycle Repair Shop News

Keeping track of news is a great way to stay current with the bicycle repair shop industry.

Set up alerts to receive timely notifications whenever the media cover new developments. Stay informed and stay ahead.

See what’s in the news related to a bicycle repair shop.

Gain Tips and Insights with Bicycle Repair Shop Videos

Watching videos about the bicycle repair shop industry provides valuable tips and insights.

Explore related videos recommended by platforms like YouTube, which often cover topics you may not have considered, expanding your knowledge and understanding of the industry.

See the links to YouTube Videos Below.

• Videos related to starting a bicycle repair shop can be found here.

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Mobile Bicycle Repair Business Plan Template

Explore Options to Get a Business Plan.

Are you interested in starting your own Mobile Bicycle Repair Business?

Introduction

Global market size, target market, business model, competitive landscape, legal and regulatory requirements, financing options, marketing and sales strategies, operations and logistics, human resources & management, why write a business plan.

• Business Plans can help to articulate and flesh out the business’s goals and objectives. This can be beneficial not only for the business owner, but also for potential investors or partners
• Business Plans can serve as a roadmap for the business, helping to keep it on track and on target. This is especially important for businesses that are growing and evolving, as it can be easy to get sidetracked without a clear plan in place.

How to Start a Bike Repair Business

Cycling is a popular sport in the United States, with people regularly using bikes for fun, exercise, and transportation. In 2015 alone, 17.4 million bikes were sold in the country. As bikes are used, they occasionally break down -- and most people aren’t well-versed in repairing bicycles. A bike repair business fixes and refurbishes bikes for customers when their rides break down.

Learn how to start your own Bike Repair Business and whether it is the right fit for you.

Ready to form your LLC? Check out the Top LLC Formation Services .

Start a bike repair business by following these 10 steps:

• Plan your Bike Repair Business
• Form your Bike Repair Business into a Legal Entity
• Register your Bike Repair Business for Taxes
• Open a Business Bank Account & Credit Card
• Set up Accounting for your Bike Repair Business
• Get the Necessary Permits & Licenses for your Bike Repair Business
• Get Bike Repair Business Insurance
• Define your Bike Repair Business Brand
• Create your Bike Repair Business Website
• Set up your Business Phone System

We have put together this simple guide to starting your bike repair business. These steps will ensure that your new business is well planned out, registered properly and legally compliant.

Exploring your options? Check out other small business ideas .

STEP 1: Plan your business

A clear plan is essential for success as an entrepreneur. It will help you map out the specifics of your business and discover some unknowns. A few important topics to consider are:

What will you name your business?

• What are the startup and ongoing costs?
• Who is your target market?

How much can you charge customers?

Luckily we have done a lot of this research for you.

Choosing the right name is important and challenging. If you don’t already have a name in mind, visit our How to Name a Business guide or get help brainstorming a name with our Bike Repair Business Name Generator

If you operate a sole proprietorship , you might want to operate under a business name other than your own name. Visit our DBA guide to learn more.

When registering a business name , we recommend researching your business name by checking:

• Your state's business records
• Federal and state trademark records
• Social media platforms
• Web domain availability .

It's very important to secure your domain name before someone else does.

Want some help naming your bike repair business?

Business name generator, what are the costs involved in opening a bike repair business.

Startup expenses associated with opening a bicycle repair business are fairly minimal, although you’ll probably need these essential items:

• Basic tools (open wrenches, hex keys, screwdrivers, a ratchet set, wire cutters, adjustable pliers)
• Specialized tools (tire spoons, a chain breaker, a tire pump and pressure gauge, a spoke wrench, a crank arm pulley)
• Truing stand (for wheels)

Business owners who don’t already have these tools should expect to spend a few hundred dollars on them.

Repairing bikes also requires a workspace and replacement parts, but both of these potential costs can be kept to almost nothing. Many bike repair business owners have begun by fixing bikes in their garage or basement so that they didn’t have to worry about lease payments until their business was established. The cost of replacement parts is normally built into the invoices customer pay, and customers who need expensive parts can be asked to provide a deposit upfront. Such a deposit can be used to cover the cost of the needed parts.

What are the ongoing expenses for a bike repair business?

The ongoing expenses for a bike repair business are fairly low. They include:

• Employee salaries
• Workspace or storefront lease
• Utility costs

Who is the target market?

A bike repair business’ ideal customer is an avid cycler who doesn’t know how, or doesn’t want to take the time and effort, to repair their own bike. Such a customer will likely need repairs and maintenance fairly often, since they use their bike a lot, and they’ll be willing to pay for the work their bike requires.

How does a bike repair business make money?

A bike repair business makes money not only by fixing bicycles, but also selling used them at a discounted rate. Many shops choose to offer tune-ups for a flat fee, and charge more for additional repairs.

Many bike repair businesses offer basic tune-ups for a set fee, and perform more advanced repairs at an adjustable rate. For example, Wheels in Motion offers three levels of tune-ups that range in price from $79.99 to $214.99. Repairs that go beyond what’s included in a tune-up are usually priced based on the parts and labor they require.

How much profit can a bike repair business make?

Some bike repair business owners earn up to $35 per hour or more, not including any profit they earn on parts sales. Business owners who grow their business into full-time businesses may earn $1,600 per week or more.

How can you make your business more profitable?

Bike repair business owners can add new revenue sources and increase their profits, by offering workshops on fixing bikes and repairing old bicycles. Some cycling enthusiasts will pay for a class that shows them how to care for and repair their own bikes. Refurbishing old bikes can also net a nice profit, as they can be sold once they’re repaired and working properly.

Want a more guided approach? Access TRUiC's free Small Business Startup Guide - a step-by-step course for turning your business idea into reality. Get started today!

STEP 2: Form a legal entity

The most common business structure types are the sole proprietorship , partnership , limited liability company (LLC) , and corporation .

Establishing a legal business entity such as an LLC or corporation protects you from being held personally liable if your bike repair business is sued.

Form Your LLC

Read our Guide to Form Your Own LLC

Have a Professional Service Form your LLC for You

Two such reliable services:

You can form an LLC yourself and pay only the minimal state LLC costs or hire one of the Best LLC Services for a small, additional fee.

Recommended: You will need to elect a registered agent for your LLC. LLC formation packages usually include a free year of registered agent services . You can choose to hire a registered agent or act as your own.

STEP 3: Register for taxes

You will need to register for a variety of state and federal taxes before you can open for business.

In order to register for taxes you will need to apply for an EIN. It's really easy and free!

You can acquire your EIN through the IRS website . If you would like to learn more about EINs, read our article, What is an EIN?

There are specific state taxes that might apply to your business. Learn more about state sales tax and franchise taxes in our state sales tax guides.

STEP 4: Open a business bank account & credit card

Using dedicated business banking and credit accounts is essential for personal asset protection.

When your personal and business accounts are mixed, your personal assets (your home, car, and other valuables) are at risk in the event your business is sued. In business law, this is referred to as piercing your corporate veil .

Open a business bank account

Besides being a requirement when applying for business loans, opening a business bank account:

• Separates your personal assets from your company's assets, which is necessary for personal asset protection.
• Makes accounting and tax filing easier.

Recommended: Read our Best Banks for Small Business review to find the best national bank or credit union.

Get a business credit card

Getting a business credit card helps you:

• Separate personal and business expenses by putting your business' expenses all in one place.
• Build your company's credit history , which can be useful to raise money later on.

Recommended: Apply for an easy approval business credit card from BILL and build your business credit quickly.

STEP 5: Set up business accounting

Recording your various expenses and sources of income is critical to understanding the financial performance of your business. Keeping accurate and detailed accounts also greatly simplifies your annual tax filing.

Make LLC accounting easy with our LLC Expenses Cheat Sheet.

STEP 6: Obtain necessary permits and licenses

Failure to acquire necessary permits and licenses can result in hefty fines, or even cause your business to be shut down.

State & Local Business Licensing Requirements

Certain state permits and licenses may be needed to operate a bike repair shop business. Learn more about licensing requirements in your state by visiting SBA’s reference to state licenses and permits .

Most businesses are required to collect sales tax on the goods or services they provide. To learn more about how sales tax will affect your business, read our article, Sales Tax for Small Businesses .

Certificate of Occupancy

A bike repair shop is generally run out of a small store. Businesses operating out of a physical location typically require a Certificate of Occupancy (CO).  A CO confirms that all building codes, zoning laws and government regulations have been met.

• If you plan to lease a storefront :
• It is generally the landlord’s responsibility to obtain a CO.
• Before leasing, confirm that your landlord has or can obtain a valid CO that is applicable to a bike repair business.
• After a major renovation, a new CO often needs to be issued. If your place of business will be renovated before opening, it is recommended to include language in your lease agreement stating that lease payments will not commence until a valid CO is issued.
• If you plan to purchase or build a new location :
• You will be responsible for obtaining a valid CO from a local government authority.
• Review all building codes and zoning requirements for your business’ location to ensure your bike repair shop will be in compliance and able to obtain a CO.

STEP 7: Get business insurance

Just as with licenses and permits, your business needs insurance in order to operate safely and lawfully. Business Insurance protects your company’s financial wellbeing in the event of a covered loss.

There are several types of insurance policies created for different types of businesses with different risks. If you’re unsure of the types of risks that your business may face, begin with General Liability Insurance . This is the most common coverage that small businesses need, so it’s a great place to start for your business.

Another notable insurance policy that many businesses need is Workers’ Compensation Insurance . If your business will have employees, it’s a good chance that your state will require you to carry Workers' Compensation Coverage.

FInd out what types of insurance your Bike Repair Business needs and how much it will cost you by reading our guide Business Insurance for Bike Repair Business.

STEP 8: Define your brand

Your brand is what your company stands for, as well as how your business is perceived by the public. A strong brand will help your business stand out from competitors.

If you aren't feeling confident about designing your small business logo, then check out our Design Guides for Beginners , we'll give you helpful tips and advice for creating the best unique logo for your business.

Recommended : Get a logo using Truic's free logo Generator no email or sign up required, or use a Premium Logo Maker .

If you already have a logo, you can also add it to a QR code with our Free QR Code Generator . Choose from 13 QR code types to create a code for your business cards and publications, or to help spread awareness for your new website.

How to promote & market a bike repair business

The best way to promote a bike repair business is to become connected with the local cycling community. Business owners can do this by volunteering at cycling safety events, bike races, and mountain biking trail maintenance days.

Business owners may also want to carry basic bike repair tools on them at all times, so they can help cyclists whose bikes break down. On-the-spot repairs would likely have to be provided for free, but volunteering to help a cyclist fix their bike could lead to a lifelong customer.

How to keep customers coming back

Bike repair business owners can set themselves apart from competitors by developing a reputation as a cycling guru who knows everything there is to know about bikes. Business owners will become respected biking experts if they know a lot about bikes and regularly volunteer information. Maintaining a regular blog or newsletter with useful biking tips is another great way to grow your customer base.

STEP 9: Create your business website

After defining your brand and creating your logo the next step is to create a website for your business .

While creating a website is an essential step, some may fear that it’s out of their reach because they don’t have any website-building experience. While this may have been a reasonable fear back in 2015, web technology has seen huge advancements in the past few years that makes the lives of small business owners much simpler.

Here are the main reasons why you shouldn’t delay building your website:

• All legitimate businesses have websites - full stop. The size or industry of your business does not matter when it comes to getting your business online.
• Social media accounts like Facebook pages or LinkedIn business profiles are not a replacement for a business website that you own.
• Website builder tools like the GoDaddy Website Builder have made creating a basic website extremely simple. You don’t need to hire a web developer or designer to create a website that you can be proud of.

Recommended : Get started today using our recommended website builder or check out our review of the Best Website Builders .

Other popular website builders are: WordPress , WIX , Weebly , Squarespace , and Shopify .

STEP 10: Set up your business phone system

Getting a phone set up for your business is one of the best ways to help keep your personal life and business life separate and private. That’s not the only benefit; it also helps you make your business more automated, gives your business legitimacy, and makes it easier for potential customers to find and contact you.

There are many services available to entrepreneurs who want to set up a business phone system. We’ve reviewed the top companies and rated them based on price, features, and ease of use. Check out our review of the Best Business Phone Systems 2023 to find the best phone service for your small business.

Recommended Business Phone Service: Phone.com

Phone.com is our top choice for small business phone numbers because of all the features it offers for small businesses and it's fair pricing.

Is this Business Right For You?

Anyone mechanically inclined who is passionate about cycling may enjoy running a bike repair business. Enjoying the sport will help a business owner connect with their customers, and making repairs requires basic mechanical skills.

Want to know if you are cut out to be an entrepreneur?

Take our Entrepreneurship Quiz to find out!

Entrepreneurship Quiz

What happens during a typical day at a bike repair business?

Bike repair business owners spend a lot of time working on bicycles. This work includes:

• Testing bikes to diagnose issues
• Stripping bikes down
• Checking and cleaning components
• Repairing or replacing broken pieces
• Rebuilding bikes

When not working on a bike, business owners spend time ordering parts, conversing with customers, and marketing their businesses.

What are some skills and experiences that will help you build a successful bike repair business?

Successfully running a bike repair business requires an in-depth knowledge of bikes, how they’re put together and how they work. Business owners must be able to take apart any bike they work on, identify any issues, address those issues and put the bike back together.

Many regions have community programs and trade schools where business owners can learn these skills. Entrepreneurs who don’t have a program or school nearby may gain the necessary skills by working at an established bike repair shop for a season. The National Bicycle Dealers Association hosts seminars and educational programs for professionals in the bike industry, and may be another useful resource.

After completing any training, business owners should keep a couple of bike repair manuals readily available for consulting. A few widely available repair books are:

• Zinn & The Art of Road Bike Maintenance
• Zinn & The Art of Mountain Bike Maintenance
• The Bicycling Guide to Complete Bicycle Maintenance and Repair

At HowToFixBikes.ca , Gerry (a professional in the industry) recommends that aspiring business owners prove their skills by working on their own bikes. Stripping a bike down to just its frame, lubricating all bearings and fully rebuilding the bike will help a business owner feel confident they’re ready to repair other people's bikes.

What is the growth potential for a bike repair business?

Many bike repair businesses are individual locations that serve the local cycling community, and a number are run by just one or two people. Some, however, grow beyond a local area, eventually becoming regional or national businesses. Bike Doctor in Maryland is an example of a regional bike repair chain, and Velofix is a national one.

TRUiC's YouTube Channel

For fun informative videos about starting a business visit the TRUiC YouTube Channel or subscribe to view later.

Take the Next Step

Find a business mentor.

One of the greatest resources an entrepreneur can have is quality mentorship. As you start planning your business, connect with a free business resource near you to get the help you need.

Having a support network in place to turn to during tough times is a major factor of success for new business owners.

Learn from other business owners

Want to learn more about starting a business from entrepreneurs themselves? Visit Startup Savant’s startup founder series to gain entrepreneurial insights, lessons, and advice from founders themselves.

Resources to Help Women in Business

There are many resources out there specifically for women entrepreneurs. We’ve gathered necessary and useful information to help you succeed both professionally and personally:

If you’re a woman looking for some guidance in entrepreneurship, check out this great new series Women in Business created by the women of our partner Startup Savant.

What are some insider tips for jump starting a bike repair business?

Business owners can increase their profit margin by seeking out donor bikes -- free bikes that no one wants, regardless of their condition. When work is slow, business owners can strip down donor bikes for spare parts. Many bikes have bearings, brake calipers, chains and cranks that will work on other models.

Bike repair business owners can then use these parts whenever they work for a job. Owners can ultimately sell the parts, earning pure profit on anything they charge since the parts were free. Alternatively, owners can provide the parts free of charge, as long as cyclists pay for the labor that a repair requires. This can be especially helpful in growing a business, as the parts cost only time to acquire, and everyone enjoys receiving freebies.

How and when to build a team

A bike repair business can remain a small business that’s run by just one person, or it can grow to have several employees who are constantly working on bikes. Business owners usually hire their first employee only after their business’ revenue can support an employee. The Recyclery pays its bike mechanics $13 per hour .

Read our bike repair business hiring guide to learn about the different roles a bike repair business typically fills, how much to budget for employee salaries, and how to build your team exactly how you want it.

Useful Links

Truic resources.

• TRUiC's Bike Repair Business Hiring Guide

Industry Opportunities

• Franchise opportunity
• National Bike Dealers Association

Real World Examples

• The Recyclery - Chicago, IL
• Wheels in Motion - Ann Arbor, MI

Have a Question? Leave a Comment!

Bicycle Shop Business Plan Template

Written by Dave Lavinsky

Bicycle Shop Business Plan

Over the past 20+ years, we have helped over 500 entrepreneurs and business owners create business plans to start and grow their bicycle shops. We have the experience, resources, and knowledge to help you create a great business plan.

In this article, you will learn some background information on why business planning is important. Then, you will learn how to write a bicycle shop business plan step-by-step so you can create your plan today.

Download our Ultimate Business Plan Template here >

What is a Bicycle Shop Business Plan?

A business plan provides a snapshot of your bicycle shop as it stands today, and lays out your growth plan for the next five years. It explains your business goals and your strategies for reaching them. It also includes market research to support your plans.

Why You Need a Business Plan for a Bicycle Shop

If you’re looking to start a bicycle shop or grow your existing bicycle  shop, you need a business plan. A business plan will help you raise funding, if needed, and plan out the growth of your bicycle shop to improve your chances of success. Your bicycle shop business plan is a living document that should be updated annually as your company grows and changes.

Sources of Funding for Bicycle Shops

With regards to funding, the main sources of funding for a bicycle shop are personal savings, credit cards, bank loans, and angel investors. When it comes to bank loans, banks will want to review your business plan and gain confidence that you will be able to repay your loan and interest. To acquire this confidence, the loan officer will not only want to ensure that your financials are reasonable, but they will also want to see a professional plan. Such a plan will give them the confidence that you can successfully and professionally operate a business. Personal savings and bank loans are the most common funding paths for bicycle shop companies.

Finish Your Business Plan Today!

How to write a business plan for a bicycle shop.

If you want to start a bicycle shop or expand your current one, you need a business plan. The guide below details the necessary information for how to write each essential component of your bicycle shop business plan.

Executive Summary

Your executive summary provides an introduction to your business plan, but it is normally the last section you write because it provides a summary of each key section of your plan.

The goal of your executive summary is to quickly engage the reader. Explain to them the kind of bicycle shop you are running and the status. For example, are you a startup, do you have a bicycle shop that you would like to grow, or are you operating a chain of bicycle shops?

Next, provide an overview of each of the subsequent sections of your plan.

• Give a brief overview of the bicycle shop industry.
• Discuss the type of bicycle shop you are operating.
• Detail your direct competitors. Give an overview of your target customers.
• Provide a snapshot of your marketing strategy. Identify the key members of your team.
• Offer an overview of your financial plan.

Company Overview

In your company overview, you will detail the type of bicycle shop you are operating.

For example, you might specialize in one of the following types of bicycle shops:

• Custom bicycle shop: This type of bicycle shop specializes in designing and building custom bicycles for customers.
• Full-service bicycle shop: This type of business sells a wide range of bicycles, parts, and accessories as well as providing services such as bicycle maintenance and repair.
• Specialty bicycle shop: This type of business specializes in  a particular type of bicycle such as mountain bikes, tandem bicycles, unicycles, or racing bicylces.

In addition to explaining the type of bicycle shop you will operate, the company overview needs to provide background on the business.

Include answers to questions such as:

• When and why did you start the business?
• What milestones have you achieved to date? Milestones could include the number of customers served, the number of bicycles sold, reaching $X amount in revenues, etc.
• Your legal business Are you incorporated as an S-Corp? An LLC? A sole proprietorship? Explain your legal structure here.

Industry Analysis

In your industry or market analysis, you need to provide an overview of the bicycle shop industry.

While this may seem unnecessary, it serves multiple purposes.

First, researching the bicycle shop industry educates you. It helps you understand the market in which you are operating.

Secondly, market research can improve your marketing strategy, particularly if your analysis identifies market trends.

The third reason is to prove to readers that you are an expert in your industry. By conducting the research and presenting it in your plan, you achieve just that.

The following questions should be answered in the industry analysis section of your bicycle shop business plan:

• How big is the bicycle shop industry (in dollars)?
• Is the market declining or increasing?
• Who are the key competitors in the market?
• Who are the key suppliers in the market?
• What trends are affecting the industry?
• What is the industry’s growth forecast over the next 5 – 10 years?
• What is the relevant market size? That is, how big is the potential target market for your bicycle shop? You can extrapolate such a figure by assessing the size of the market in the entire country and then applying that figure to your local population.

Customer Analysis

The customer analysis section of your bicycle shop business plan must detail the customers you serve and/or expect to serve.

The following are examples of customer segments: individuals, schools, families, and corporations.

As you can imagine, the customer segment(s) you choose will have a great impact on the type of bicycle shop you operate. Clearly, individuals would respond to different marketing promotions than corporations, for example.

Try to break out your target customers in terms of their demographic and psychographic profiles. With regards to demographics, including a discussion of the ages, genders, locations, and income levels of the potential customers you seek to serve.

Psychographic profiles explain the wants and needs of your target customers. The more you can recognize and define these needs, the better you will do in attracting and retaining your customers.

Finish Your Bicycle Shop Business Plan in 1 Day!

Don’t you wish there was a faster, easier way to finish your business plan?

With Growthink’s Ultimate Business Plan Template you can finish your plan in just 8 hours or less!

Competitive Analysis

Your competitive analysis should identify the indirect and direct competitors your business faces and then focus on the latter.

Direct competitors are other bicycle shops.

Indirect competitors are other options that customers have to purchase from that aren’t directly competing with your product or service. This includes other types of sports shops, do-it-yourself bicycle repair tutorials, or big box retailers that sell bicycles. You need to mention such competition as well.

For each such competitor, provide an overview of their business and document their strengths and weaknesses. Unless you once worked at your competitors’ businesses, it will be impossible to know everything about them. But you should be able to find out key things about them such as

• What types of customers do they serve?
• What type of bicycle shop are they?
• What is their pricing (premium, low, etc.)?
• What are they good at?
• What are their weaknesses?

With regards to the last two questions, think about your answers from the customers’ perspective. And don’t be afraid to ask your competitors’ customers what they like most and least about them.

The final part of your competitive analysis section is to document your areas of competitive advantage. For example:

• Will you make it easier for customers to acquire your product or service?
• Will you offer products or services that your competition doesn’t?
• Will you provide better customer service?
• Will you offer better pricing?

Think about ways you will outperform your competition and document them in this section of your plan.  

Marketing Plan

Traditionally, a marketing plan includes the four P’s: Product, Price, Place, and Promotion. For a bicycle shop business plan, your marketing strategy should include the following:

Product : In the product section, you should reiterate the type of bicycle  shop that you documented in your company overview. Then, detail the specific products or services you will be offering. For example, will you provide bicycle repair services, custom builds, or bicycle accessories?

Price : Document the prices you will offer and how they compare to your competitors. Essentially in the product and price sub-sections of your plan, you are presenting the products and/or services you offer and their prices.

Place : Place refers to the site of your bicycle  shop. Document where your company is situated and mention how the site will impact your success. For example, is your bicycle  shop located in a busy retail district, a business district, a standalone store, or purely online? Discuss how your site might be the ideal location for your customers.

Promotions : The final part of your bicycle shop marketing plan is where you will document how you will drive potential customers to your location(s). The following are some promotional methods you might consider:

• Advertise in local papers, radio stations and/or magazines
• Reach out to websites
• Distribute flyers
• Engage in email marketing
• Advertise on social media platforms
• Improve the SEO (search engine optimization) on your website for targeted keywords

Operations Plan

While the earlier sections of your business plan explained your goals, your operations plan describes how you will meet them. Your operations plan should have two distinct sections as follows.

Everyday short-term processes include all of the tasks involved in running your bicycle  shop, including answering calls, greeting customers, cleaning the shop, collecting payments, and organizing inventory, etc.

Long-term goals are the milestones you hope to achieve. These could include the dates when you expect to acquire your Xth customer, or when you hope to reach $X in revenue. It could also be when you expect to expand your bicycle  shop to a new city.  

Management Team

To demonstrate your bicycle shop’s potential to succeed, a strong management team is essential. Highlight your key players’ backgrounds, emphasizing those skills and experiences that prove their ability to grow a company.

Ideally, you and/or your team members have direct experience in managing bicycle shops. If so, highlight this experience and expertise. But also highlight any experience that you think will help your business succeed.

If your team is lacking, consider assembling an advisory board. An advisory board would include 2 to 8 individuals who would act as mentors to your business. They would help answer questions and provide strategic guidance. If needed, look for advisory board members with experience in managing a bicycle shop or successfully running a small bicycle repair operation.  

Financial Plan

Your financial plan should include your 5-year financial statement broken out both monthly or quarterly for the first year and then annually. Your financial statements include your income statement, balance sheet, and cash flow statements.

Income Statement

An income statement is more commonly called a Profit and Loss statement or P&L. It shows your revenue and then subtracts your costs to show whether you turned a profit or not.

In developing your income statement, you need to devise assumptions. For example, will you employ 3 sales associates, and will each associate sell 10 bicycles per day? And will sales grow by 2% or 10% per year? As you can imagine, your choice of assumptions will greatly impact the financial forecasts for your business. As much as possible, conduct research to try to root your assumptions in reality.

Balance Sheets

Balance sheets show your assets and liabilities. While balance sheets can include much information, try to simplify them to the key items you need to know about. For instance, if you spend $50,000 on building out your bicycle shop, this will not give you immediate profits. Rather it is an asset that will hopefully help you generate profits for years to come. Likewise, if a lender writes you a check for $50,000, you don’t need to pay it back immediately. Rather, that is a liability you will pay back over time.

Cash Flow Statement

Your cash flow statement will help determine how much money you need to start or grow your business, and ensure you never run out of money. What most entrepreneurs and business owners don’t realize is that you can turn a profit but run out of money and go bankrupt.

When creating your Income Statement and Balance Sheets be sure to include several of the key costs needed in starting or growing a bicycle shop:

• Cost of equipment and supplies
• Payroll or salaries paid to staff
• Business insurance
• Other start-up expenses (if you’re a new business) like legal expenses, permits, computer software, and equipment

Attach your full financial projections in the appendix of your plan along with any supporting documents that make your plan more compelling. For example, you might include your bicycles shop location lease or a list of brands you carry.  

Writing a business plan for your bicycle shop is a worthwhile endeavor. If you follow the template above, by the time you are done, you will truly be an expert. You will understand the bicycle shop industry, your competition, and your customers. You will develop a marketing strategy and will understand what it takes to launch and grow a successful bicycle shop.  

Bicycle Shop Business Plan Template FAQs

What is the easiest way to complete my bicycle shop business plan.

Growthink's Ultimate Business Plan Template allows you to quickly and easily write your bicycle shop business plan.

How Do You Start a Bicycle Shop Business?

Starting a bicycle shop business is easy with these 14 steps:

• Choose the Name for Your Bicycle Shop Business
• Create Your Bicycle Shop Business Plan
• Choose the Legal Structure for Your Bicycle Shop Business
• Secure Startup Funding for Bicycle Shop Business (If Needed)
• Secure a Location for Your Business
• Register Your Bicycle Shop Business with the IRS
• Open a Business Bank Account
• Get a Business Credit Card
• Get the Required Business Licenses and Permits
• Get Business Insurance for Your Bicycle Shop Business
• Buy or Lease the Right Bicycle Shop Business Equipment
• Develop Your Bicycle Shop Business Marketing Materials
• Purchase and Setup the Software Needed to Run Your Bicycle Shop Business
• Open for Business

Don’t you wish there was a faster, easier way to finish your Bicycle Shop business plan?

OR, Let Us Develop Your Plan For You

Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.   Click here to see how Growthink’s business plan professional services can help you create a winning business.

Other Helpful Business Plan Articles & Templates

How To Start A Bicycle and Bike Repair Service Business

If you ask any entrepreneur, starting a business comes with its fair share of challenges.

Starting a bicycle repair service requires a great deal of effort, dedication and most importantly passion .

If you're willing to put in the effort to build your own business, you're going to want to follow the critical steps to creating a successful brand.

We've created a guide that covers each step of the process - from making key financial decisions, to launching and marketing your business the right way, and tips/strategies on how to grow your business effectively.

Start A Bicycle Repair Service ➜ market size $29.2B starting costs $18K see all costs ➜ gross margin 90% time to build 270 days pros & cons 40 Pros & Cons see all ➜

💡 Introduction To Starting A Bicycle Repair Service

Is starting a bicycle repair service right for you.

There are many factors to consider when starting a bicycle repair service.

We put together the main pros and cons for you here:

Pros of starting a bicycle repair service

• Little startup costs required

The cost to start a bicycle repair service costs significantly less money than most businesses, ranging anywhere from 62 to 35,923.

• Rewarding work

Starting a bicycle repair service can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.

• High customer retention rates

Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.

• Pick & choose the clients you work with

Bicycle Repair Servicees have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients!

• Control of workload

With starting a bicycle repair service, you have the unique ability to choose how little or how much you want to work. You also have the freedom to decide which projects you want to work on, and can turn down the ones that do not interest you.

• Gain exposure and experience

This career allows you to gain experience working for multiple different businesses - which will benefit your resume and also keep things interesting for you!

• Unlimited income potential

With starting a bicycle repair service there is no cap as to how much income you can make. The stronger your business skills and the more energy/time you put into your career, the more you'll make.

• Daily physical activity

Bicycle Repair Service's typically involve a much greater degree of movement than other lines of work. Most days, you will spend your day walking, running errands for your business, and performing a multitude of tasks. This can have a positive impact on energy levels and your overall health.

• You are your own boss!

With starting a bicycle repair service, you are the one to make decisions for almost all of the operations. Calling the shots can be empowering and liberating!

• Local Community

One of the best parts of starting a bicycle repair service is that you can develop a local following by selling your products at craft shows, farmers' markets, or even local storefront businesses! This gives you access to additional revenue streams and loyal customers.

• Predictable income stream

Your businesses income stream tends to be predictable based on the number of customers you have signed up. This makes financial planning and outlooks much more seamless!

• Higher likelihood of getting referrals

This business is all about referrals, which can be a a very impactful way to attract and retain customers. It's critical that you have a great referral program in place that incentivizes your customers to tell their friends about your product.

• Face to face interaction

If you are the type of individual that thrives on human interaction, then this is the business for you! With a bicycle repair service, you will be hands-on with customers and or employees every day.

• Simple business model

A bicycle repair service has the advantage of a simple business model, which makes launching and building the business more seamless.

• Greater Income Potential

With this business, the sky is the limit in regards to your income potential.

• You get to do something you truly love

With starting a bicycle repair service, you get to put your energy into something you are truly passionate about! You'll find yourself devoting as much time and energy as possible into the business to make it successful.

• You can decide who you work with

Gone are the days of working in a toxic work environment with employees that you may not vibe with. As a small business owner, you get to decide who you work and surround yourself with.

• Strong Demand & Relatively Recession Proof

The demand for bicycle repair service is increasing year over year and the business is known to be relatively recession proof.

• High Hourly Pay Rates

On average, the hourly pay rates are high for your bicycle repair service - which means quality of clients is often superior to quantity of clients.

• You establish yourself as an expert

With starting a bicycle repair service, you establish yourself as an expert in your niche, which builds your credibility. In return, customers are more likely to trust you and refer you to other friends and family.

• Can build solid foundation of clients

It's unlikely you will have one-off customers as a bicycle repair service. Typically, you have a solid foundation of clients that use your product and services regularly.

Cons of starting a bicycle repair service

• Motivation of employees

If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.

• Longer Sales Process

A bicycle repair service can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.

• Work can be inconsistent

As a bicycle repair service, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have.

• Lack of benefits

With a bicycle repair service, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.

As a bicycle repair service, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

• No safety net

Typically, as a bicycle repair service, you do not receive a consistent pay-check and instead earn money based on your transactions each month. During the slow periods, you typically take away less since the job is based on commission. It's important to budget accordingly for the slow times.

• Stressful work

This line of work can be stressful for both you and your clients. This type of transaction is a significant financial decision for your client, so expectations are very high for you. Although this career path can be very rewarding, it also comes with its challenges and stressful moments.

• Work can be repetitive

You may find creating the same product over and over repetitive and tiresome. One way of avoiding this is to diversify product lines and revenue streams - this will keep things interesting!

• Time commitment

With starting a bicycle repair service, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.

• Be prepared to get out of your comfort zone!

Although this is exciting for some entrepreneurs, it can be a big challenge for others! You may find yourself in uncomfortable social and business situations, jumping into tasks and responsibilities you aren't familiar with, and pushing yourself as far as you can go!

• More of a challenge to run your business from home!

Running your business from the comfort of your own home is a big appeal for many entrepreneurs. With a bicycle repair service, you are more likely to run your business out of your office or storefront space.

• Work is not always glamorous

With starting a bicycle repair service, you may need to get your hands a little dirty. Although it may seem glamorous from the outside to start this business, the work can require a lot of physical activity and repetition.

• The job can be demanding

This is one of the major disadvantages starting a bicycle repair service. It's important to understand that you may need to make yourself available on a 24/7 basis.

• High liability

Running a bicycle repair service involves a lot of liability, which means the cost for insurance premiums may also be high.

• Equipment Breakdowns

Over the years, your equipment can get damaged, break down, and may need repairs which can be expensive. It's important you prepare for these expenses and try to avoid damages/wear & tear as much as possible.

• Answering Phones

The bicycle repair service is still considered a traditional business, which means answering phones is a big part of the job. If you or your team miss phone calls, you could be missing out on potential revenue opportunities. If you are unable to attend to your phone throughout the day, it would be in your best interest to hire a call center or an employee dedicated to this.

• You'll spend a lot of time in the car

Many bicycle repair service offer their services outside of their office or home, which means you'll be spending quite a bit of time behind the wheel. You will also need to consider traffic and delays, which can be time consuming and take each job longer than expected.

• The job can be dangerous

Your bicycle repair service can have its dangerous moments, which puts you and your employees at risk. It's important to consider all liability and put processes and procedures in place that will prepare you and your team.

• More challenging to earn passive income

It can be more of a challenge to make passive income in this business. Often times, the amount of revenue you bring in is limited by the amount of time you have in the day.

Big Players

• Tower Electric Bikes (207K Alexa Ranking)
• RAMP (328K Alexa Ranking)
• Full Cycle (1.46M Alexa Ranking)
• velolife style (2.18M Alexa Ranking)
• Bicycle Trip (2.69M Alexa Ranking)

Small Players

• Tower Electric Bikes - Revenue $300K/month

Search Interest

Let's take a look at the search trends for bicycle repair service over the last year:

How To Name Your Bicycle Repair Service

It's important to find a catchy name for your bicycle repair service so that you can stand out in your space.

Here are some general tips to consider when naming your bicycle repair service

• Avoid hard to spell names: you want something easy to remember and easy to spell for your customers
• Conduct a search to see if others in the space have the same name
• Try not to pick a name that limits growth opportunities for your business (ie. if you decide to expand into other product lines)
• As soon as you have an idea (or ideas) of a few names that you love, register the domain name(s) as soon as possible!

Why is naming your bicycle repair service so important?

The name of your business will forever play a role in:

• Your customers first impression
• Your businesses identity
• The power behind the type of customer your brand attracts
• If you're memorable or not

It's important to verify that the domain name is available for your bicycle repair service.

You can search domain availability here:

Find a domain starting at $0.88

powered by Namecheap

Although .com names are the most common and easiest to remember, there are other options if your .com domain name is not available. Depending on your audience, it may not matter as much as you think.

It's also important to thoroughly check if social media handles are available.

As soon as you resonate with a name (or names), secure the domain and SM handles as soon as possible to ensure they don't get taken.

Here's some inspiration for naming your bicycle repair service:

• Blue Bus check availability
• RegularBicycle check availability
• The Wheeler Wheel check availability
• Old Tricycle Co check availability
• Beautiful Cyclist Pro check availability
• MotorizedBicycle check availability
• Used Motorcycle Trading Co check availability
• EnglishBicycle check availability
• Big Bicycle Wheel check availability
• Beautiful Backpack check availability
• Modern check availability
• The Laden check availability
• The Hand Cyclist check availability
• The Beloved Cyclists check availability
• Old Biking Spot check availability
• The Wheeler check availability
• Broken Wheel Collective check availability
• Tiny Motorcycle check availability
• Wooden Cyclists check availability
• Sturdy Pedal check availability
• Bright Bikers check availability
• Wooden Cycle check availability
• Cycling Collective check availability
• Rickety check availability
• Beloved Bmx check availability
• Cheap Cycling check availability
• Beautiful Bicyclists check availability
• Shiny Cycling check availability
• The Blue Cyclists check availability
• Nice Wheel Spot check availability
• The Ubiquitous check availability
• UbiquitousBicycle check availability
• Driven Motorcycle check availability
• Rusty Pedal Collective check availability
• The Magic check availability
• Magic Tricycle check availability
• Motorcycle Pro check availability
• Battered Backpack check availability
• Battered Bus check availability
• Motorcycle Spot check availability
• Biking Group check availability
• The Wheeled check availability
• HumbleBicycle check availability
• Broken Cyclists Co check availability
• Expensive Wheel Co check availability
• Rusted Biking Spot check availability
• Stationary check availability
• WheeledBicycle check availability
• The Pink check availability
• Supine check availability
• Ordinary Cycling Pro check availability
• Reliable Bicycle check availability
• Recumbent check availability
• ExpensiveBicycle check availability
• Beloved Backpack check availability
• Chainless Cyclist Group check availability
• TinyBicycle check availability
• Likeable Bicycle check availability
• Imaginary Bikes check availability
• The Speed check availability
• Assisted Cycle Spot check availability
• Beloved Bicycle Wheel check availability
• Maniacal Bicycle check availability
• Pedestrian Motorcycle Group check availability
• The Motorized Bikes check availability
• Wheeled Bike Spot check availability
• Wheeled Tricycle check availability
• The New check availability
• Cycling Trading Co check availability
• The Farthing Wheel check availability
• The Yellow check availability
• Wheel Trading Co check availability
• The Wooden check availability
• Fashioned check availability

How To Create A Slogan For Your Bicycle Repair Service:

Slogans are a critical piece of your marketing and advertising strategy.

The role of your slogan is to help your customer understand the benefits of your product/service - so it's important to find a catchy and effective slogan name.

Often times, your slogan can even be more important than the name of your brand.

Here are 6 tips for creating a catchy slogan for your bicycle repair service:

1. Keep it short, simple and avoid difficult words

A great rule of thumb is that your slogan should be under 10 words. This will make it easy for your customer to understand and remember.

2. Tell what you do and focus on what makes you different

There are a few different ways you can incorporate what makes your business special in your slogan:

• Explain the target customer you are catering your services towards
• What problem do you solve?
• How do you make other people, clients, or your employer look good?
• Do you make people more successful? How?

3. Be consistent

Chances are, if you're coming up with a slogan, you may already have your business name, logo, mission, branding etc.

It's important to create a slogan that is consistent with all of the above.

4. Ensure the longevity of your slogan

Times are changing quickly, and so are businesses.

When coming up with your slogan, you may want to consider creating something that is timeless and won't just fade with new trends.

5. Consider your audience

When finding a catchy slogan name, you'll want to make sure that this resonates across your entire audience.

It's possible that your slogan could make complete sense to your audience in Europe, but may not resonate with your US audience.

6. Get feedback!

This is one of the easiest ways to know if your slogan will be perceived well, and a step that a lot of brands drop the ball on.

Ask friends, family, strangers, and most importantly, those that are considered to be in your target market.

Here's some inspiration for coming up with a slogan for your bicycle repair service:

• Site Of The Biking
• Look, Ma, No Bicycle!
• Bicycle Keeps Them Coming Back
• Order A Bicycle Today.
• Red Cyclists, Stationary Bikes
• First Bicycle, Done Right
• Ordinary And Many
• Red Hot Bicycle.
• Bicycle For When It's Quitting Time.
• Rickshaw Is What We Do
• Speed Bicycle, Built For You
• From Nonmodern To State Of The Art
• From Nonmodern To Bodoni
• My Anti-Drug Is Bicycle.
• Play Bicycle, Start Living.
• Free Bicycle.
• From Old To Baby
• Bicycle, It's As Simple As That!
• Bicycle, Fun For The Whole Family.
• The Ultimate Bicycle Machine.
• Pedestrian Is What We Do
• The Bicycle People.
• Old Biking, First Bikes
• First Bicycle, Satisfaction Guaranteed
• Modern Bikes, Red Riding
• Stationary And Weary
• Home Of The Cycling
• Range Of The Motorcycle
• Feel Good With Bicycle.
• I'd Sleep With Bicycle.
• Work Hard, Pedal Harder
• Base Of The Motorcycle
• Commit Of The Motorcycle
• Bicycles With Society
• I Can't Believe It's Not Bicycle.
• Put Of The Cycle
• Stay Cool With Bicycle.
• Ordinary And Eerie
• Just Like Bicycle Used To Make.
• Wheeler Is What We Do
• Stationary And Ready
• Stationary Tricycle, Old Wheel
• Designed For Bicycle, Engineered To Last.
• Position Of The Tricycle
• Bicycles With Sake
• Unzip A Bicycle.
• Old Trolleys Are What We Do
• Bicycles With One
• Bicycle Tested, Mother Approved.
• From Decelerate To Zip
• Own Bicycle, Take A Seat
• That's Handy, Harry! Stick It In The Bicycle.
• Inspired By Bicycle.

Learn more about starting a bicycle repair service :

Where to start?

-> How much does it cost to start a bicycle repair service? -> Pros and cons of a bicycle repair service

Need inspiration?

-> Other bicycle repair service success stories -> Examples of established bicycle repair service

Other resources

🎬 How To Start A Bicycle Repair Service

How Much Does It Cost To Start A Bicycle Repair Service

If you are planning to start a bicycle repair service, the costs are relatively low. This, of course, depends on if you decide to start the business with lean expenses or bringing in a large team and spending more money.

We’ve outlined two common scenarios for “pre-opening” costs of starting a bicycle repair service and outline the costs you should expect for each:

• The estimated minimum starting cost = $62
• The estimated maximum starting cost = $35,923

Raising Money For Your Bicycle Repair Service

Here are the most common ways to raise money for your bicycle repair service:

Bootstrapping

You may not need funding for your bicycle repair service.

In fact, many entrepreneurs take this approach when starting their own business, whether they have a little amount of cash or a substantial amount to get started.

So what exactly does the term "bootstrapping" mean?

This method essentially refers to self-funding your business without external help or capital and reinvesting your earnings back into the business**

Bootstrapping means building your company from the ground up with your own, or your loved ones, personal savings and reinvesting all earnings back into the business

Here are some tips to consider when bootstrapping your business :

• Use your savings as your capital - one of the best ways to bootstrap your business is to collect your savings and use them as startup capital. This will also help you avoid using your personal or business credit cards when getting started.
• Determine exactly how much capital you need and how much capital you have to get your business off the ground. Generally, when bootstrapping your business, you may want to consider starting a business that involves less startup capital.
• Consider starting a business that will generate immediate returns so you can put money back into the business
• Be as lean as possible - this refers to cutting down expenses as much as possible, such as payroll, fancy software tools, unnecessary travel, renting an office, etc
• Consider outsourcing instead of hiring - in the beginning, you may not need to hire someone permanently to help run your business. It tends to be much less expensive to outsource work to a freelancer and hire someone permanently down the road!

Want to learn more about bootstrapping your business? Check out this article

Crowdfunding

For your bicycle repair service, a common way to raise money is through crowdfunding.

So, what does it mean to crowdfund your small business?

Crowdfunding refers to funding a project through many individual investors.

Here are some items to keep in mind when planning your campaign:

• Sell more than just your product. Sell your passion, your vision, and your story.
• Be real. Give your community honest details about your product.
• Treat your audience as your friends (not just potential customers)
• Put together a great presentation - it will attract people quicker.

To launch a successful crowdfunding campaign, you first need to select the type of crowdfunding platform to host your campaign.

Here are the most popular crowdfunding platforms to raise money on:

Kickstarter

Funding platform for creative projects.

• Pricing: Freemium
• Twitter: @kickstarter
• Website: kickstarter.com

Businesses using Kickstarter:

90 successful businesses are using Kickstarter ➜

Get Kickstarter ➜

Crowdfunding platform for innovations in tech and design.

• Twitter: @Indiegogo
• Website: indiegogo.com

Businesses using Indiegogo:

34 successful businesses are using Indiegogo ➜

Get Indiegogo ➜

StartEngine

Crowdfunding platform that has helped more than 350 companies raise $175M+ from a community of over 250,000 prospective investors.

• Pricing: Free
• Twitter: @StartEngineLA
• Website: startengine.com

Businesses using StartEngine:

Get StartEngine ➜

We connected with one of the most successful Kickstarter campaigns, Photobooth Supply Co, and asked founder, Brandon Wong to give us some insight on his strategy:

Product first, campaign second

So with all of those positive benefits of the platform figured out, we wanted to make sure we had the product itself in the right place before we launched.

We’ve been working on Salsa for a long time now and wouldn’t have felt comfortable revealing the ability to pay for it until we hit a very important milestone. We had a final prototype.

Doing all of the sourcing and actual production is secondary—there was absolutely no way we could have gone public without people being able to see real photos (and touch in person) a functioning prototype.

This meant that we had to do all of the development before we ever saw a cent.

Finding backers in the real world

We launched the product at our annual Booth Summit, which is a convention for photobooth owners to get together and learn from experts in the field. Launching a product in a receptive environment is generally considered to be a good idea. The same was definitely true for us!

We had a crowd of people who had just told us they were dedicated to growing their business… and we had the chance to offer them a way to do just that. I really can’t emphasize enough how important it is to make products that matter for people who will care about them.

This opportunity to see the product in real life was an essential component for our launch, but it might not be the same for you. I think it just shows how essential having a great prototype is. People love to touch and feel what they’re buying, if you’re talking about something physical… you should be able to show a prototype before you ask for money.

Building excitement with even the smallest backers.

We knew that we wanted to have a ton of incentives for early backers so that they’d be rewarded for taking a leap of faith on a new photobooth.

We’re obviously not making a whole lot of money on that first $1999 tier. But it enabled people to be part of something fun.

Every $1999 backer is always going to be able to say, not just that they got a great deal, but that they were one of the first to get on board. It means a lot more than a discount code expiring—just look at how frustrated people are on Twitter when a limited stock of rewards is secretly gobbled up.

Kickstarter doesn’t reveal the names of backers, but it humanizes them. And it just adds to the fun of getting your own spot! Even for someone backing now, they’re able to say that they were an early adopter.

Delivering on our promise

One of the most common critiques of Kickstarter items is that they either never show up or that they take years. I wanted to make sure that our timeline was easy to deliver and also reasonable.

Nobody deserves to wait two years for your product after they pay for it. I felt like we needed to offer a much quicker turnaround than that. We launched on Black Friday 2018 with an estimated delivery of April 2019.

That’s under 6 months and much lower than the average Kickstarter! The most important thing is that we will be able to meet that timeline. You can’t go around promising delivery dates and missing them, this isn’t a consumer product.

Anytime you’re working with the events industry you have to be very transparent and up front about timelines. A bride who books a photobooth needs it to show up on her wedding day. It’s non-negotiable!

VC funding is a traditional and long process, but an effective way to raise money for your business.

The term "VC funding" refers to venture capital firms investing in businesses in exchange for equity.

The VC's (venture capitalists) are an individual or small group investing in your business and typically require substantial ownership of the business, with the hope of seeing a return on their investment.

VC's are typically the best approach for businesses with high startup costs - where it would be very difficult to raise the money on your own or through a loan.

When deciding whether to take this approach, it's important that you have a few things in place first, and know what you're getting yourself into:

Determine if your business is ready

Having an idea is not enough to get VC funding.

Typically, VC's will check to make sure you have these things in place prior to closing any deal:

• An MVP (Minimal Viable Product)
• A founding team with all proper documents in place (articles of organization, business formation)
• A validated idea with actual customers buying your product/service

Get everything in place and build a pitch deck

A VC individual or firm will be expecting a fine-tuned presentation that gives an overview of your business.

Here's what you should consider including in your pitch deck:

• Management team, their previous experience + current roles in the business
• Market challenge and solution
• Company financials - including a P&L statement, cash flow statement, and projections
• Company progress
• Investment amount - how much do you need and why?

Research the right VC to fund your business

Research the types of VC investors out there and what niche they focus on.

Then, put together a list of target VC's you want to approach and your strategy around setting up meetings.

Be sure you have everything in place (as discussed above) before setting up any meeting!

Make sure the terms and expectations are right for your business

Committing to VC funding is a big deal and a decision that should not be made lightly.

Although the money and experience from VC's can help your business quickly grow, you are also giving away a stake in the company, and the money comes with strings attached.

Be sure you do your due diligence in finding the right investor - one that truly believes in the growth and success of your business.

What Skills Do I Need To Succeed In Starting A Bicycle Repair Service?

As a bicycle repair service, there are several essential skills and characteristics that are important to identify prior to starting your business.

Let’s look at these skills in more detail so you can identify what you need to succeed in your day-to-day business operations:

Business Savvy Skills

When starting a bicycle repair service, there are a few fundamental business skills you will want to learn in order to be successful:

• Leadership and training skills: A great team starts with YOU. Make sure you have all company policies and training procedures in place prior to hiring your team
• Decisive and self-confident: Over the course of your career, you will need decisions that could impact your business significantly. It's important you are able to think clearly and rationally about these decisions.
• Ability to understand the financials : You don't need to be an accountant, but it is important that you are able to clearly understand and define metrics such as expenses, revenue, profit, margins, COGS, etc.
• Strategic Thinking : Setting clear goals and benchmarks, identifying opportunities, risks. Ability to effectively communicate these insights to your team.

These are a few of many business savvy skills you should have (or work on) when starting a bicycle repair service.

For a full list, check out this article here .

Customer Service Skills

Friendly communication with customers and the ability to address service issues is a critical part of the job.

Here are some customer service skills you may want to consider prior to starting a bicycle repair service:

• Professionalism: The way you act, present yourself, and respond to situations all leave an impression on your customer. It's important to stay professional at all times when handling customer requests or issues.
• Problem-solving: When issues arise, it's important that you are able to think quick on your feet and address the situation with a calm and clear solution
• Friendly-manner: This is an obvious one, but customers truly appreciate someone that can respond in a quick, efficient, and friendly manner.
• Proficient in writing: These skills include the ability to write well-crafted emails, service tickets, and any other programs used by the business (ie. chat functions, SMS texting)

Self Motivation Skills

Self motivation and discipline skills are critical in order to become successful in this field.

It's likely that you will find yourself starting and running your bicycle repair service from home, which could mean there are more distractions for you.

Here are the basic skills needed for self motivation & discipline:

• Becoming a self starter: It's important that you are capable of independently completing a task without the help or direction of anyone else
• Listening and following directions : When you are given direction by others, it's critical that you are able to follow directions and ask the right questions in order to get your job done
• Taking the initiative in problem solving: Instead of taking the easy route, you'll need to learn to troubleshoot issues on your own as much as possible.

* Negotiation Skills

The ability to negotiate on behalf of your client will be an essential part of your every day job.

This is one of the most important qualities you can have when starting a bicycle repair service, so it's important you practice and perfect these skills.

Here's what this looks like:

• Ability to analyze all parts of the deal: your biggest power is to understand and analyze all parts of the deal for your client, choose when to walk away, and know to what lengths you can negotiate a deal.
• Building rapport : This is key in the bicycle repair service. You are much likely to reach an agreement and favorable terms if you spend just a few moments getting to know each other before talking about the deal at stake.
• Be diplomatic : Being in control of any situation presented and showing intention with your words are key qualities for someone in this line of work. This includes asking good questions and listening actively.

Becoming a good negotiator does not happen overnight, but as long as you are persistent with practicing these skills and putting them into action, you will see growth day by day!

Advice For Starting A Bicycle Repair Service

We've interviewed thousands of successful founders at Starter Story and asked what advice they would give to entrepreneurs who are just getting started.

Here's the best advice we discovered for starting a bicycle repair service:

Write a Business Plan

Writing a business plan from the start is critical for the success of your bicycle repair service.

Because this allows you to roadmap exactly what you do, what your overall structure will look like, and where you want to be in the future.

For many entrepreneurs, writing out the business plan helps validate their idea and decide whether or not they should move forward with starting the business.

You may want to consider expanding upon these sections in your business plan:

• Executive Summary : Brief outline of your product, the market, and growth opportunities
• Overviews and Objectives : Overview of your business, target customers, and what you need to run your business
• Products and Services : Specifics on the products and services your business will provide
• Market Opportunities : Analysis of customer demographics, buyer habits and if your product is in demand
• Marketing : Outline of your marketing plan and how you plan to differentiate yourself from other customers
• Competitive analysis : Analysis of your competition and the strengths and weaknesses therein
• Operations : Hierarchal structure of the company and what it will take to run the business on the day-to-day
• Leadership Team : Detailing roles and responsibilities of each manager based on their specific skill-set
• Financial Analysis Understanding of all expenses, operating budgets, and projections for the future.

Learn more about how to write a business plan here

Determine Which Business Bank Account You Need

There are hundreds of banks out there, and it can be overwhelming to find one that's right for your business.

Here are some factors you may want to consider:

• Location - Is your bank close enough that you can easily make deposits or get cash?
• Low Fees - Make sure to understand any and all fees associated with setting up and maintaining your bank account. Ask for a list - banks usually try to keep this hidden and in the fine print.
• Online Banking Services - Make sure you can easily navigate through your online portal and you have easy access to everything you need.
• Line of Credit - What do your options look like (even if you don't need this now, you may need this down the road).
• Every bank has something that differentiates them from the rest, so make sure whatever that is applied to your needs and values.

Check out this list of the 13 Best Banks for Small Business in 2020 and what makes them so unique.

Setting Up Your Bicycle Repair Service (Formation and Legal)

When it comes to setting up your business, you may find yourself in a place where you have to make some financial and legal decisions.

The first thing you'll want to decide on is whether you want to be an LLC, S-Corp, or C-Corp.

These three options are found to be the most common when starting a small business, and all serve to protect your personal assets and also provide you with certain tax benefits.

• LLC : All income and expenses from the business are reported on the LLC personal income tax return.
• S corp : Owners pay themselves salaries + receive dividends from profits.
• C Corp : C Corps are separately taxable entities that file a corporate tax return (Form 1120). No income tax is paid at the corporate level and any tax due is paid at the owners individual expense.

Depending on where you're conducting business, you'll also want to consider securing the proper permits, licenses and liability insurance.

Learn more about securing the right permits and licenses ➜

Need to start an LLC? Create an LLC in minutes with ZenBusiness .

How Do I Pay Myself As A Small Business Owner?

Most entrepreneurs start a business to do something they love- but at the end of the day, you still have bills to pay (maybe now more than ever).

But it's important to strike the right balance - if you pay yourself too much, you could be putting your business at risk.

There are two common ways to pay yourself as a business owner:

1. Owner's Draw

Many entrepreneurs pay themselves through an owner's draw. This means that you are technically sean as "self-employed" through the eyes of the IRS and are not paid through regular wages.

At the point that you collect money from the draw, taxes typically are not taken out - so make sure you are prepared to pay these taxes once you file your individual return.

As an owner who takes a draw, you can legally take out as much as you want from your equity.

This type of compensation is suited for Sole props, LLCs, and partnerships. If you’re an S corp, you can pay yourself through both a salary and draw if you choose.

If you decide to pay yourself a salary, you will receive a set and recurring amount. This will be taxed by the federal government and the state you reside in.

The reality is that it can be really complicated to set your own salary, so we have some tips for you to consider:

• Take out a reasonable amount that allows you to live comfortably but also sets your business up for success
• Consider the number of hours you are working weekly + the type of duties you are performing.
• Set your salary based on your industry-standard, location, and profits (or projected profits)
• Look at your P&L statement : Deduct your own pay from that amount. This is important so you can first tackle important business expenses, and then pay yourself from the amount leftover.
• Pick a payroll schedule (and stick to it)! In the US, it's most common to pay yourself and employees twice a month.

To learn more about how to pay yourself and what is a reasonable amount, check out this article .

How To Price Your Bicycle Repair Service

One of the most challenging aspects to starting a bicycle repair service is determining how much to charge for your bicycle repair service.

When businesses under-price their product, this can be extremely detrimental to their bottom line and reputation.

Often times, businesses under-price their products to drive demand and volume, but that last thing you want is for customers to view your product/service as "cheap." Additionally, this can have a big impact on the type of customer you attract, which can be difficult to recover from.

On the other hand, when businesses over-price , this tends to be just as damaging to the business.

When customers buy, it's likely that they will explore the internet and look at other competitors to ensure they're getting the best value + deal. This is why it's so important that you research your competition and understand where you land in the marketplace.

Here are some factors to consider when pricing your product:

Understand your customer

It's important that out of the gates, you identify the type of customer you want to attract and how much they're willing to pay for your service. One great way to do this is by surveying your customers. Here are some important items you'll want to takeaway:

• Customer demographic: Age, gender, location, etc.
• Buying habits of your customer: What they buy + when they buy
• Level of price sensitivity with your customer

All of these segments will help you identify the type of customer you're attracting and how to price your product accordingly.

Understand your costs

When pricing your bicycle repair service, it's critical that you first identify all of your costs and consequently mark up your bicycle repair service so you can factor in a profit.

The actual cost of your bicycle repair service may include things like:

• The actual cost to make the product (ie. raw materials, supplies, manufacturer).
• Shipping + overhead fees
• Operating costs to run your business

You may want to consider creating a spreadsheet with every single expense involved in operating/owning your business. This will give you an idea as to what you need to generate in order to at the very least, break-even and will help you price your products to factor in a profit.

Create revenue goals

When determining the price of your bicycle repair service, you'll want to create goals for revenue + how much profit you want your bicycle repair service to make.

This process is simpler than you may think:

• Think about your breakeven cost (by completing the above step).
• Create a revenue goal based on your break-even cost
• Evaluate the # of items you plan to sell in a given period (make sure this is a realistic number)
• Divide your revenue goal by the number of items you plan to sell

This figure will help determine your estimated price per product in order to meet your revenue goals.

Evaluate your competition

The last piece in determining how to price your bicycle repair service is by simply looking at your competition.

The best way to do this is by finding like-minded businesses that offer product(s) with similar perceived value. Then, you can compare prices of the different businesses and determine where your bicycle repair service fits best in the marketplace.

All of these factors play an equal part in pricing your bicycle repair service, so it's important you evaluate each one individually to come up with an accurate price that will help optimize your business from the start.

Gross Margin Calculator: How to Calculate The Gross Margin For Your Bicycle Repair Service

Our calculator is designed to be simple and easy to use.

The goal is to help you set realistic expectations and understand what is considered a healthy gross margin for your bicycle repair service.

Calculate your gross margin and profit margin here .

Design A Prototype

Turning your idea into a reality can feel like a daunting task - but it's critical that you have an idea of what your product will look like (even if it's just a sketch) prior to finding a manufacturer.

Here are some common ways you can design your prototype:

• Draw Your Initial Design on Paper
• Form pieces of fabric together
• Consider Taking A Generic Product And Putting Your Own Brand On It
• Try Making the Product Yourself
• Consider Building A Prototype With A 3D Printer

To learn more about how to design and prototype a product, check out our latest guide here .

Stephan Aarstol , founder of Tower Electric Bikes dives deep into the process of designing and prototyping their product:

Product design is critical. Not just the aesthetic look of something (which is also critical), but the functional choices you make in product design. You've really got to take a blank slate approach and get to the heart of what the product you are designing will be used for. This is an area that I've found I kind of excel in. I'm a fair contrarian thinker so I don't just accept the status quo and go along with what everyone else is doing. I challenge everything. If everyone is doing something one way, my assumption is that it's probably the wrong way to do it. Herd mentality and groupthink take things in the wrong direction a lot of times. Maybe most of the time.

When we launched in paddleboards back in 2010, part of the reason I started was when I went shopping for my first paddleboard I learned that these things cost like $1200-$1600 for what was basically a big surfboard. And you could buy a cheap surfboard for $300. It didn’t make sense. Ninety-five percent of these paddleboards and the ~80 or so brands at the time that were making them were using a traditional retail sales model with brands, distributors, wholesalers, salespeople, and retail stores. As a result, SUP boards were selling for 4-5 times what they cost to produce. Additionally, the majority of brands seemed to perceive paddle boarding as a different kind of surfing. Lastly, there was this oddity called inflatable paddleboards in the market that had been around for years, but they were horribly designed and only represented about 1% of the market.

Keep your burn rate low. Worry less about the competition putting you out of business and worry more about yourself putting you out of business.

Our process was to assume that what the bulk of the market was doing was probably stupid, especially if they were all doing it, so we hypothesized, "What if we do the exact opposite?" Then we did just that.

We sold direct to consumers only, and at a single markup. By doing so, we offered consumers a better value proposition - half-price paddleboards. We intentionally ignored the sexy surf and race market's that all the other brands we're aggressively trying to stake their claim in. We looked at paddleboarding as more like kayaking than surfing, and when you looked at the numbers, 80-90% of the market wasn't surfing or racing. We also refused to advertise in magazines like all the other "serious" brands, and we still to this day have never attended one industry trade show. Then we took a hard look at the viability of those inflatable boards, as they fit our direct to consumer mail-order business model better anyways. We discovered that inflatable paddle boards, with a little re-engineering, worked just fine for tooling around bays, lakes, and harbors, and were actually far superior to hard boards in terms of storability, transportability, and durability.

Within 5 years, without advertising one dime the first 4 years because we couldn't keep stuff in stock as is, we built Tower into one of the strongest brands in the paddleboard industry. Today, surfing and racing are tiny segments of a quite large paddleboard market. And the last time I looked at market stats, inflatable SUPs were 70% of the paddleboard market. In 2017, our co-branded Chris Craft inflatable paddle board was rated the #1 paddleboard in the world by the prestigious Robb Report, over some boards that sold for $2500 to $3500. Ours sold for $650 at the time.

In the eBike market, with Tower Electric Bikes, we're taking a similar look at what the industry is doing that makes sense, what is groupthink, and what is just plain stupid. In 5 years, we'll see what happens, but I'm optimistic. As an entrepreneur, sometimes you find yourself in the very fortunate position to see an opportunity that looks oddly familiar to something you've seen before. When that happens, you can almost see around corners.

Our first product, an electric beach cruiser called the Tower Beach Bum, is starting to gain traction already, and we've just barely started.

🚀 How To Launch Your Bicycle Repair Service

Build A Website

Building a website is imperative when launching your business, and with the right tools in place, this can be a simple task to check off the list (without having to hire someone).

• Pick a domain name that's easy to remember and easy to type
• Choose a Web Hosting Plan (ie. Shopify, Squarespace)
• Make sure you choose the right theme and design
• Implement the proper page structure (ie. about page, contact page, pricing etc)

To learn more about how to build a stellar website with little stress, we give you all the details on this step-by-step guide .

Once you have chosen the domain, web hosting, and platform, it's time to get started with the design phase.

Themes are a great way to produce the fundamental style and identity of your website - this includes everything from your font design to your blog post styles.

One of the best ways to get started is to simply explore the various themes (free or paid depending on what you're looking for) and test them on your site.

If web-design really isn't in the cards for you, you may want to consider outsourcing a web designer to help bring your vision and brand to life.

Traditional Launch Strategies For Your Bicycle Repair Service:

There are various different ways you can launch your bicycle repair service successfully.

Here are a few different strategies to get customers excited about your bicycle repair service:

• Set up a Facebook page for your business. This is a great way to establish an online presence
• Host an event in a fun location with drinks & food. This is a great way to get exposure in the local community.
• Get Press! Pitch your story to the media and you may just land in an amazing publication
• Live sales to get customers excited
• Send a hand-written letter in the mail with a discount on your services to the local community/neighborhoods.

Stephan Aarstol , founder of Tower Electric Bikes dives deep into the process of launching the business:

While we had rolled out a diversified portfolio of beach lifestyle products beyond paddleboards over the years, we knew going in that our eBike wasn't just going to be another product. This was a massive market that was seeing explosive growth with a brand void. This was more akin to us starting a paddleboard company in the first place, so we separated things out and treated the opportunity with the same serious attention to detail.

We had a very healthy going concern in Tower Paddle Boards, so we didn't need to rush into anything. We took our time and did things right. We first prototyped and rolled out a regular bike (non-electric), which we considered to be the world's finest beach cruiser.

We over-engineered the thing so we knew what it took to create a really great bike. One interesting thing about selling direct to consumer is it allows you to offer very high-end products at very reasonable prices so you can tread where others won't go because they fear pricing the product out of the market. For starters, our beach cruiser came with a belt drive. Many beach cruisers sell at retail for just over what our production cost of just the belt drive system was, so this was definitely distinctive. It's about as high end as you can go on a beach cruiser!

We brought in a serious product design studio. We went with a stretched, lightweight, rust-free aluminum classically styled beach cruiser frame. We used all premium components. We put innovative, and patented, passenger pegs on the rear wheel. Then we added premium wheels with 48 spokes as you'd find on high-end mountain bikes, and top of the line tires. The design aesthetic itself was black on black, with a matte black frame and glossy black logos, a brown leather seat and grips, all accented by unique brown whitewall balloon tires. It's truly a work of art.

https://www.youtube.com/watch?v=mp22Qbhhvig

Our eBike design was based on this frame design and aesthetic, but we took a blank slate approach on the eBike because we didn't want to be boxed in by our bike design. Bikes are more about exercise and recreation. At the very high end, they have style, but basic bikes are about functionality. When that gets ported over to eBikes and electronics get tacked onto them, they tend to look like bike mechanics for engineers built them. They're contraptions, halfway between weird looking bikes and homemade motorcycles. They've got noisy tires, they shift awkwardly at times, they've got their brand name in big letters plastered all over the place (imagine that on a luxury car), and they're just kind of obnoxious. That's kind of the state of the eBike market.

We view eBikes as transportation with a side of recreation, more akin to an improved version of a scooter, or a convertible sports car. They're not a different kind of bike, in my mind, We call our electric beach cruiser the Beach Bum. Our tagline is, "Stay cool. Be Free." The 'stay cool' part is about the fact that it's stylish first, like a beautiful car that just plain looks stunning. And it's got air conditioning built in to keep you 'cool'. The "be free" part is the light bulb that goes off in your head the first time you ride one. You realize you can go on a 30-mile bike ride and up any hill so it frees you to go anywhere. It expands your local circle of familiarity from the half-mile or so you are willing to walk, to about a 10-20 mile radius. And perhaps more importantly, you're no longer constrained by traffic, or roads even as you can hit any path you want, or by available parking spots. You have freed yourself.

https://www.youtube.com/watch?v=QtpyHfv5QAY

For funding this new company, we use profits from our paddleboard cash cow. Even if we have to invest a good chunk to get things up to speed, it's all tax-free as we're reinvesting profits. So much more advantageous than starting from scratch. Even better, we're able to leverage our entire infrastructure so our incremental burn rate to add an eBike company to our existing operation is basically zero. Just add inventory. That gives us a huge operational cost advantage over the competition. We already have a warehouse. We already have a competent marketing team on staff. We already have the shipping function taken care of. We already have a customer service team.

The most important difference between how we started the paddleboard business and our eBike business is that we now can see the future. Mostly, we're only doing things that work. We're definitely avoiding our prior mistakes. And with Mark Cuban as a co-founder this time, we have the ability to leverage his celebrity status in a meaningful way to separate us from the hundreds of me-too eBike brands out there. In a way, we're talking more about Mark Cuban's eBike company early on instead of the Tower Electric Bike company because we know that is more meaningful until we get the brand well established. It's like Tesla. There are a handful of electric car company start-ups out there, but most people only know Elon Musk's company, in part because he's Elon Musk. His reputation and proven record speak volumes.

🌱 How To Grow Your Bicycle Repair Service

🏃🏼‍♀️ How To Run Your Bicycle Repair Service

How To Retain Customers For Your Bicycle Repair Service

Retaining customers is one of the most effective ways to grow your bicycle repair service.

Oftentimes, it's easy to find yourself focusing on generating new customers, vs retaining your current ones.

Look at it this way - you are 60-70% more likely to sell a new product to an existing customer than you are a new customer.

That's not to say that finding new customers and revenue streams is not important, however, the easiest (and most inexpensive) source of new revenue is right there in front of you.

Here are some ways you can retain customers for your bicycle repair service:

• Responding to comments on social media
• Send discounts (or freebies) to loyal customers
• Provide valuable content, for free
• Write a hand written thank you note
• Provide awesome customer service and build relationships with customers

To find out more tips and tricks on retaining customers, check out this article ➜ here

Stephan Aarstol , founder of Tower Electric Bikes dives deep into the process of attracting and retaining customers:

Our objective is to make high-quality, low-cost electric bikes easy to find. It's a very simple strategy. Everything emanates from that.

I get a lot of people calling me because they've heard we're killing it and they want to know our secret. They've maybe seen me on Shark Tank talking about our SEO expertise ("Search Engine Optimization"), so they'll call saying they want to hire me on a consultant basis for their company. Or they'll have invented some product and say all their missing is the marketing guy and I'm their guy. Let's partner.

But there really are no marketing secrets, and when there are it's not for very long in today's fast-moving world. I've been at an executive level in the online marketing and business development space since 1999, and what I've learned is that there are these arcs of opportunity with each newly identified marketing tactic.

In 2000, two years before Google Adwords even existed, I was leveraging GoTo.com's invention, PPC search advertising to buy search traffic clicks for a penny a piece. It worked fabulously and big companies wouldn't even start using it for another 5 or 6 years. It still worked then, but less so, and it's gotten crowded in the past decade and now only works selectively. Even then, Google has a monopoly now and just sucks the profit out of everything they touch.

Then it was email. Then it was group buying in discussing groups, the predecessor to Kickstarter. Worked great for a while, then the window of opportunity closed for the most part, for most people. Then social media came and the organic following was great. Then because they had a monopoly, they made it pay to play and that seemed bad but it was actually another even more fantastic opportunity with highly targeted FB and IG marketing. Then influencer followings exploded and that became the new window of opportunity. Then Amazon marketplace became an untapped marketplace that was getting huge overnight, and that window opened and closed... because they're a monopoly too so they're correctly sucking out all the profit. And it continues. Windows open and if you're early, you can do well. And once everyone clues in 5 years later, it stops working as well, then it gets crowded and the opportunity passes.

So our plan is to not worry about the next online marketing window to come along, but rather to make a really high-quality product. Obsessively focus on that. And then make it relatively low cost for consumers. Not making cheap products by cutting corners, but rather figuring out ways to get your amazing product into consumers hands inexpensively without any middlemen. That's why we go direct to consumer, and largely starve our advertising budget. It forces us to identify hacks.

The next step is to make a good web site, pitch how great your product is to the press in whatever creative way you can, and get butts in bike seats locally so people can find us thru referrals. Start locally, and grow things organically from there. Pass all our savings onto customers from our lean operations, not advertising, and no middleman. Execute well with a smart team and customers will start to tell their friends about us. Most of all, don't really worry too much about the "marketing". The best marketing advice that I always give (that no one listens to) is "fix your crappy product," which often translates to "fix your crappy value proposition". That's the only viable marketing plan in today's transparent world. Marketing is really quite easy with a brilliant product, and it's impossible with anything else. So start there.

The windows of opportunities I see on the horizon today are currently only two:

1) Start a direct to consumer brand - I've spoke at Harvard Business School four times over that past 3-4 years and the #1 thing that those students are looking to do is start a direct to consumer brand. I've been working in one intentionally since 2010, and unknowingly in one back as far as 2003. Hundreds of brands in hundreds of categories have been started. The top 25 have raised over $2.5 billion in venture funding. Many of these companies are already unicorn status. And there are scrappy companies in many sectors that you wouldn't expect. Consumers won't know these brands for 5 years, but these are the brands that will own the future. They are the future of retail.

2) Throw in with other direct to consumer brands to exchange free leads - Don't advertise and give Google 50% of every revenue dollar you take. Don't sell on Amazon and give them 50% of every dollar you take. At least don't make that your long term strategy. Others will, and you'll beat them when they realize that's a losing proposition long term.

A few years back as I started to realize that as Google and Amazon we're becoming more and more monopolistic. What started as a truly free, direct to consumer market place online was quickly circling back to retail like normal. We were heading back to a place where brands would sell thru retail and give the retailer 50%. The retailers used to be physical stores on the right street. The only difference now is that the street is the information superhighway and there are only a couple stores, Google and Amazon. Instead of thousands of middlemen, there are just 2, and they're becoming the biggest companies and biggest monopolies the world has ever seen. Going forward, they'll take 50% of all transactions everywhere.

A market reaction will happen, though, because that's pretty stupid to give them 50% of everything people buy. So a few years ago I started to think about what the reaction would look like. My thought is that it might involve all the direct to consumer brands throwing in together to leverage their collective reach to exchange free leads to each other. I started The No Middleman Project to do just that. The first initiative, NoMiddleman.com, is what I envision could be the Amazon antidote. It launched in October of 2018 to a great reception by media and insiders (made the front page lead story on INC Magazine all day at launch), but like everything, it will likely be five years before the masses clue into what is going on. In the meantime, it's an incredibly valuable product search tool for consumers to find the best direct to consumer products in any category. Currently, the site has something like 400 brands in over 1500 categories. More interesting to entrepreneurs, there are over a thousand completely vacant product categories on NoMiddleman.com waiting for smart entrepreneurs to start a world-changing direct to consumer brand. And there are likely 10,000 more product categories that aren't even listed on NoMiddleman.com yet.

Diversify Your Product Line

Adding new products to your business is a great way to expand into new markets and grow your business.

It's important to note that adding new products and diversifying may not be in the cards for you right this moment, and that's okay. You can always consider it down the road.

Here are some reasons you may want to considering adding/diversifying your product

• Meeting the needs of your customers
• Establish yourself as a top provider in your industry and stay ahead of the game with competition
• Resistance to downturns/trends fading
• Create new revenue streams

We put together the best resources on the internet to help you start your bicycle repair service.

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Web Resources

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Case Studies

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• 40 Pros & Cons Of Starting A Bicycle Repair Service (2024) 3 of 4
• 7 Bicycle Repair Service Success Stories [2024] 4 of 4

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Start a Bike Repair Business

Biking Your Way to Entrepreneurship: Starting a Heartwarming Bike Repair Business

BIKE REPAIR BUSINESS

Related business ideas, discover your perfect domain, bike repair mini business plan, expected percent margins:, earnings expectations:, actions to hit those numbers:, skill development and staffing:, services and pricing:, marketing and customer acquisition:, supply chain management:, shop and operations:, not what you had in mind here are more ideas, grab your business website name, step 1: determine if the business is right for you, breakdown of startup expenses, breakdown of ongoing expenses, examples of ways to make money, step 2: name the business, step 3: obtain licensing and insurance, cost of licensing and insurance, where to obtain licensing and insurance, step 4: create a business plan, writing the business plan, seeking professional help, step 5: secure financing, calculate costs, create a business plan, apply for financing, step 6: find a location, leasing or purchasing a location, obtaining necessary permits, securing insurance, step 7: purchase equipment, where to purchase equipment, cost of equipment, financing options, step 8: market the business, tips for effective marketing, step 9: hire employees, explore more categories, take the next steps.

Bike Shop Business Plan Template & Guidebook

Starting a successful bike shop requires more than just passion and dedication - it requires a solid business plan. With the right resources and guidance, any aspiring entrepreneur can create and execute a plan with success. The #1 Bike Shop Business Plan Template & Guidebook is the perfect starting point for anyone looking to launch their own bike shop business. This comprehensive guidebook provides a road map for everything from setting up shop to securing financing and maximizing online visibility. With its step-by-step guidance and helpful resources, this template and guidebook serve as an invaluable asset for anyone launching their own bike business.

Get worry-free services and support to launch your business starting at $0 plus state fees.

• How to Start a Profitable Bike Shop Business [11 Steps]
• 25 Catchy Bike Shop Business Names:
• List of the Best Marketing Ideas For Your Bike Shop Store:

How to Write a Bike Shop Business Plan in 7 Steps:

1. describe the purpose of your bike shop business..

The first step to writing your business plan is to describe the purpose of your bike shop business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers’ problems. It also helps you identify what makes your business different from others in its industry.

It also helps to include a vision statement so that readers can understand what type of company you want to build.

Here is an example of a purpose mission statement for a bike shop business:

Our purpose at [Bike Shop] is to provide a wide selection of quality bicycles, parts, and accessories at reasonable prices, while delivering excellent customer service and fostering a love of biking in our community.

2. Products & Services Offered by Your Bike Shop Business.

The next step is to outline your products and services for your bike shop business. 

When you think about the products and services that you offer, it's helpful to ask yourself the following questions:

• What is my business?
• What are the products and/or services that I offer?
• Why am I offering these particular products and/or services?
• How do I differentiate myself from competitors with similar offerings?
• How will I market my products and services?

You may want to do a comparison of your business plan against those of other competitors in the area, or even with online reviews. This way, you can find out what people like about them and what they don’t like, so that you can either improve upon their offerings or avoid doing so altogether.

3. Build a Creative Marketing Stratgey.

If you don't have a marketing plan for your bike shop business, it's time to write one. Your marketing plan should be part of your business plan and be a roadmap to your goals. 

A good marketing plan for your bike shop business includes the following elements:

Target market

• Who is your target market?
• What do these customers have in common?
• How many of them are there?
• How can you best reach them with your message or product?

Customer base 

• Who are your current customers? 
• Where did they come from (i.e., referrals)?
• How can their experience with your bike shop business help make them repeat customers, consumers, visitors, subscribers, or advocates for other people in their network or industry who might also benefit from using this service, product, or brand?

Product or service description

• How does it work, what features does it have, and what are its benefits?
• Can anyone use this product or service regardless of age or gender?
• Can anyone visually see themselves using this product or service?
• How will they feel when they do so? If so, how long will the feeling last after purchasing (or trying) the product/service for the first time?

Competitive analysis

• Which companies are competing with yours today (and why)? 
• Which ones may enter into competition with yours tomorrow if they find out about it now through word-of-mouth advertising; social media networks; friends' recommendations; etc.)
• What specific advantages does each competitor offer over yours currently?

Marketing channels

• Which marketing channel do you intend to leverage to attract new customers?
• What is your estimated marketing budget needed?
• What is the projected cost to acquire a new customer?
• How many of your customers do you instead will return?

Form an LLC in your state!

4. Write Your Operational Plan.

Next, you'll need to build your operational plan. This section describes the type of business you'll be running, and includes the steps involved in your operations. 

In it, you should list:

• The equipment and facilities needed
• Who will be involved in the business (employees, contractors)
• Financial requirements for each step
• Milestones & KPIs
• Location of your business
• Zoning & permits required for the business

What equipment, supplies, or permits are needed to run a bike shop business?

• Equipment: Bicycle stands, work benches, repair tools, specialised tools, cleaning supplies.
• Supplies: Greeting cards, bike maps, helmets, mirrors, bells, handlebar baskets, locks and light sets.
• Permits: A business license from your local government and permits to sell bicycles may be required depending on the location.

5. Management & Organization of Your Bike Shop Business.

The second part of your bike shop business plan is to develop a management and organization section.

This section will cover all of the following:

• How many employees you need in order to run your bike shop business. This should include the roles they will play (for example, one person may be responsible for managing administrative duties while another might be in charge of customer service).
• The structure of your management team. The higher-ups like yourself should be able to delegate tasks through lower-level managers who are directly responsible for their given department (inventory and sales, etc.).
• How you’re going to make sure that everyone on board is doing their job well. You’ll want check-ins with employees regularly so they have time to ask questions or voice concerns if needed; this also gives you time to offer support where necessary while staying informed on how things are going within individual departments too!

6. Bike Shop Business Startup Expenses & Captial Needed.

This section should be broken down by month and year. If you are still in the planning stage of your business, it may be helpful to estimate how much money will be needed each month until you reach profitability.

Typically, expenses for your business can be broken into a few basic categories:

Startup Costs

Startup costs are typically the first expenses you will incur when beginning an enterprise. These include legal fees, accounting expenses, and other costs associated with getting your business off the ground. The amount of money needed to start a bike shop business varies based on many different variables, but below are a few different types of startup costs for a bike shop business.

Running & Operating Costs

Running costs refer to ongoing expenses related directly with operating your business over time like electricity bills or salaries paid out each month. These types of expenses will vary greatly depending on multiple variables such as location, team size, utility costs, etc.

Marketing & Sales Expenses

You should include any costs associated with marketing and sales, such as advertising and promotions, website design or maintenance. Also, consider any additional expenses that may be incurred if you decide to launch a new product or service line. For example, if your bike shop business has an existing website that needs an upgrade in order to sell more products or services, then this should be listed here.

7. Financial Plan & Projections

A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your bike shop business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses. 

Here are some steps you can follow to devise a financial plan for your bike shop business plan:

• Determine your start-up costs: This will include the cost of purchasing or leasing the space where you will operate your business, as well as the cost of buying or leasing any equipment or supplies that you need to start the business.
• Estimate your operating costs: Operating costs will include utilities, such as electricity, gas, and water, as well as labor costs for employees, if any, and the cost of purchasing any materials or supplies that you will need to run your business.
• Project your revenue: To project your revenue, you will need to consider the number of customers you expect to have and the average amount they will spend on each visit. You can use this information to estimate how much money you will make from selling your products or services.
• Estimate your expenses: In addition to your operating costs, you will need to consider other expenses, such as insurance, marketing, and maintenance. You will also need to set aside money for taxes and other fees.
• Create a budget: Once you have estimated your start-up costs, operating costs, revenue, and expenses, you can use this information to create a budget for your business. This will help you to see how much money you will need to start the business, and how much profit you can expect to make.
• Develop a plan for using your profit: Finally, you will need to decide how you will use your profit to grow and sustain your business. This might include investing in new equipment, expanding the business, or saving for a rainy day.

Frequently Asked Questions About Bike Shop Business Plans:

Why do you need a business plan for a bike shop business.

A business plan for a bike shop business is essential because it can provide direction and structure to setting up the business. It can serve as a guide on how to implement new ideas and strategies while allowing you to assess the potential success of the venture. Additionally, if you plan on seeking out financing for your bike shop, you will likely need a comprehensive business plan in order to demonstrate the potential success of your business.

Who should you ask for help with your bike shop business plan?

It is a good idea to seek out professional help from an experienced business consultant, financial advisor, or accountant. Additionally, many local business and economic development organizations offer free or low-cost consulting services to help entrepreneurs create their business plan.

Can you write a bike shop business plan yourself?

Yes, it is possible to write your own business plan for a bike shop. It will require research into the industry, an analysis of the current market and competitors, and a detailed financial plan. Additionally, you'll need to consider the types of bikes and accessories you will sell, the costs associated with purchasing inventory and managing a store, marketing and advertising strategies, customer service policies, and any other relevant information. A comprehensive business plan can help ensure a successful launch for your bike shop.

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I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.

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You don't have to have a pile of money to start a business. You can bootstrap it and start with little to no money. You just need a different strategy. A business plan is critical to forming the right strategy and taking the steps needed to ensure success, even if you are not seeking traditional funding. This book, unlike so many others, has actually done most of the work for you. While most books are vague and give you one sentence explanations of what you should include, this book is near complete. This book is a completed Mobile Bike Repair Service Business Plan. Starting and operating your own business is not just the American dream, it is the pathway to wealth. And a business plan is critical to forming the right strategy and taking the steps needed to ensure success. THIS IS NOT A BASIC TEMPLATE. This book, unlike so many others, has actually done most of the work for you. While most books are vague and give you one sentence explanations of what you should include, this book is near complete. THIS BOOK IS A MOBILE BIKE REPAIR SERVICE BUSINESS PLAN and it is provided it to you with all the additional information you will need to complete your own.

In Demand Business Plans was established to provide in-depth, quality, yet easy to understand business plans, to aspiring entrepreneurs and business owners. All plans are available in e-book format on Amazon, iTunes, Barnes and Noble .com and several other e-book platforms. Simply search "In Demand Business Plans" in any of these stores.

Founded by a team of business professionals and serial entrepreneurs, the In Demand Business Plans staff has a combined 100 years of experience, starting, growing, and selling businesses. Through the years, our team has worked with and consulted for hundreds of companies; including mom and pop, Fortune 500, and everything in between. One common factor among the successful businesses was the implementation of a sound business plan. Conversely, the common factor for all of those who were struggling or even failing, was the use of a poorly designed plan or, in many cases, no plan at all.

With today's technology, an abundance of information is available to us all at any given second. But the ability to dissect and organize that information and then present it in a thorough, yet easy to understand format, is a skill set that is far less common. Any business, especially one starting out, needs to dissect their industry. They need to put the details regarding staffing, products, facility, and multiple other categories down on paper. Ultimately, they need to establish a simple, yet concise plan to use as a roadmap to success; a business plan.

In Demand Business Plans can do this for you. Our plans are not from an outdated text book. Our plans were carefully put together by our experienced team to cover every essential facet of your business. Furthermore, each plan includes all the essential categories and spreadsheets needed to secure financing through a lending institution or the SBA.

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Here’s how to rent a Moscow city bike

A young man rides a public bike on a Moscow street.

Finally, it’s sunny and warm in the city, and Muscovites are dusting off their bikes .If you don’t own no worries, it’s a piece of cake to rent a city bike.

1. How to rent a bike

First , you need to register on Moscow’s bike sharing website ( https://velobike.ru/en/ ), on the app (App Store, Google Play), or on a terminal. The app shows the nearest rental station to you. When registering you need to give your name, email, and mobile phone number  – the system will send you an SMS with your personal pin code. You can also add a Troika card  – you cannot pay using it but it's easier to use the system if you do have one.

Choose your bike, press “ok” on its dashboard, enter your login and password (from your SMS), or attach the registered Troika card. Wait until the beep and start riding.

If you would like to know how much time you have left, just press “ok” and you’ll see the timer and mileage.

When you finish, you don’t need to return the bike to the same station – any will do. Push the bike into the lock, press “ok” on its dashboard, and again wait for the sound (one signal means that the rental is over, three signals indicates an error). Important note: You should receive an SMS at this point end and on the bike’s dashboard “ Vozvrat ok” (“The return is ok”) will appear.

If you would like to rent an e-bike, check its battery power: A bike with green, yellow, and red indicators can ride 18 km, yellow and red – 10 km, red - 5 km. The e-bike should can only be returned to the same e-bike station. If you don’t you’ll be fined 1,000 rubles ($16).

2. Find a rental bike station

There are 430 stations across the city with over 4,300 cycles, including 260 e-bikes. You can spot them near metro stations, parks, and on touristic routes. Next to the bikes you’ll find an electronic terminal – use it to take your wheels.

3. Choose the right bike

Look at the pedals: It’s better to choose big ones with plastic spikes as they’ll stop your feet from sliding.  Then adjust the height of the bicycle saddle – and memorize the number on the bike’s ruler under the saddle. It will save you time in future.

Some Russians also note that it’s more comfortable to use the classic side kickstand instead of the center ones as it’s easier to operate.

Don’t take bikes with a twisted saddle because this is how users show that a bike needs to be repaired.  Moreover, if you see a damaged bike at a station, turn the saddle down and technical workers will understand that they need to repair it. (the phone of the helpdesk is +74959664669)

4. The money issue

The price of  renting a bike in Moscow for one day is only 150 rubles and 600 rubles for a month: It includes 30 minutes of riding. The system will freeze 1,000 rubles on your card as a safety deposit, it will be returned after the rental is over. If you plan to ride for more than 30 minutes, the extra time will be paid from your deposit. More than 30 minutes costs 30 rubles ($0.5), two hours – 100 rubles ($1.5), three hours – 450 rubles ($7), and so on. If you ride for more than 48 hours, you’ll be fined for 30,000 rubles ($480).  

The Moscow bike-sharing system accepts Visa and MasterCard. The price for the e-bike is the same.

5. Riding a bike in Moscow

It’s better to ride on the special cycling paths: You’ll find them in the city center and parks. In Russia, cyclists can ride on the right part of the roadway, as well as sidewalks. You cannot use a bike on highways (like Moscow’s Ring Road) and pedestrian areas. You should follow the traffic rules and signal before turning.

If you need to stop for a while, use the retractable cable to lock the bike. Enter the pin code to lock the cable. Enter the pin code again or attach your Troika to use the bike.

You can take your wheels on a commuter train (you need a special ticket), on the bus, and the Moscow Central Circle.

Here are some routes to inspire you to ride . 

If using any of Russia Beyond's content, partly or in full, always provide an active hyperlink to the original material.

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Moscow-City – The Moscow International Business Center

• 3 years ago

Moscow-City is an iconic location for life and work in Russia’s capital. Enormous skyscrapers, business centers, the best restaurants and retail spaces – all this is concentrated in one place. The ultramodern Moscow-City towers are truly striking in their outward appearance, and the layout of the apartments inside and the fantastic views that can be seen from the higher floors are nothing short of impressive.

This skyscraper compound, often referred to as Moskva-City, is the Russian take on Manhattan, where businessmen strike multi-million dollar deals daily while ordinary life goes on next door. Its state of the art spaces offer the ultimate convenience. The infrastructure of this business district is so well-developed that anyone can find something interesting for themselves here: from residential apartments to boutiques, clubs, exhibitions and more.

When the foundations for the Moscow-City skyscrapers were laid, a special kind of concrete was used, the properties of which are amplified by many times compared to standard concrete. Even in the event of a plane crashing into one of the buildings, the structural integrity of the towers will be preserved.

The architects of the Moscow-City Business Center have created a unique locality that has integrated into itself the hub of the capital’s business life and a whole ensemble of historical monuments. Anyone can admire the beauty of these skyscrapers from within or without the compound. There are also a number of apartments for sale or rent available in the MIBC itself. But first, let’s have a look at some more interesting facts about the financial core of Russia’s capital.

• 1 How It All Began
• 2.1 Moscow-City Central Core
• 2.2 Tower 2000
• 2.3 Evolution Tower
• 2.4 Imperia Tower
• 2.5 Moscow Tower and St. Petersburg Tower
• 2.6 Steel Peak Tower
• 2.7 Federation Tower
• 2.8 Mercury City Tower
• 2.9 OKO Tower Complex
• 3.1 Afimall City Shopping Center
• 3.2 Bagration Bridge
• 3.3 Expocentre Fairgrounds
• 4 Renting and Buying Real Estate in Moscow-City

How It All Began

The history of Moscow-City goes all the way back to 1992. The government of Moscow at the time wanted to bring into existence its own skyscrapers like the ones in London or New York. And the idea caught on. In 1992 the project for the construction of the huge “Moscow-City” MIBC compound was enthusiastically approved, kick-starting the painstaking preparatory works. The original intention was that the skyscrapers would only house office space. However, as time went on, the towers began to welcome in ordinary residents who wanted to live on the territory of this business and finance hub.

Moscow-City is undoubtedly a city within a city. Its grandeur is mind-boggling. It is perfect in every way: from location to infrastructure. And today, anyone can get a feel of the atmosphere of the “capital city” of Russia’s business world – many of the apartments in Moscow-City are available for rent. Any citizen of Russia and even nationals of other countries can make use of these offers.

What It’s Like in 2021

Today Moscow-City is not just a magnificent and fascinating sight, but also a real hub for the work, life and leisure of thousands. Its infrastructure is organized in such a way that there is no need to leave the territory of the “city within a city” at all. This business district contains everything one may need for work and recreation. And if one does decide to venture out into the larger metropolis, the MIBC’s three subway stations make this remarkably simple to do.

Moscow-City stands on the Presnenskaya Embankment . Each of the buildings in the district has a name, which simplifies its identification. Some of the buildings form complexes that are united under one name, such as the Neva Towers and the Naberezhnaya Tower complex of two skyscrapers and one high rise. There are a total of 16 towers in the MIBC, of which the most popular are:

• Moscow-City Central Core;
• Tower 2000;
• Evolution Tower;
• Imperia Tower;
• City of Capitals (Moscow Tower and St. Petersburg Tower);
• Steel Peak Tower;
• Federation Tower;
• Mercury City Tower;
• OKO Tower Complex.

Moscow-City Central Core

This is the most complex building within the MIBC compound. Its total floor area is a whopping 1 476 378 sqft (450 000 m²). It consists of two massive parts, each of which boasts a truly impressive infrastructure. The underground part includes 3 Moscow Metro stations, a parking lot for automobiles and a shopping mall. The aboveground part houses a concert hall and a hotel.

Tower 2000 is a skyscraper having 34 stories. Its total floor area is 200 318 sqft (61 057 m²), most of which is office space. The key feature of this skyscraper is its direct connection to the Bagration Bridge, which has its own shopping arcade. The tower has everything one may need while working here, including a large parking lot and several restaurants.

Evolution Tower

This elegant structure is 836 feet (255 m) high – that’s a whole 54 stories! The total floor area here is 554 462 sqft (169 000 m²). The Evolution Tower’s key feature is that it has its own Wedding Hall. This skyscraper houses large office spaces, a parking lot and several restaurants.

Imperia Tower

MIBC’s Imperia Tower is the undeniable focal point of the MIBC’s business life. Its height is 784 feet (239 m), which means one can hold conferences and resolve key business matters on the 59 th floor! And that really is amazing! The tower has everything: offices, hotels, restaurants and parking lots. But if you want a truly unforgettable experience, visit the viewing platform! It is situated on the 58 th floor and a simply astounding view of Moscow can be seen from it.

Moscow Tower and St. Petersburg Tower

The Moscow and St. Petersburg Towers are the chief representatives of the MIBC. The Moscow Tower has 76 stories and is 990 feet (302 m) high, while the St. Petersburg Tower has 65 stories and stands 843 feet (257 m) tall. Both towers offer fantastic views of the capital city.

Most of the floors of these two skyscrapers are taken up by luxurious sky apartments. There are also several recreational and entertainment centers, office spaces, restaurants, etc.

Steel Peak Tower

Also known as the Eurasia Tower of Moscow-City, this supertall skyscraper has a total of 680 912 sqft (207 542 m²) of floor space. Most of this is taken up by offices, and the rest – by residential quarters (around 65 616 sqft or 20 000 m²). The tower also houses a number of the greatest restaurants, studios and shopping centers.

Federation Tower

The Federation Tower is a complex of two skyscrapers, known as Tower East and Tower West. Tower East is the second highest building in Europe (the first is a skyscraper recently erected in the city of St. Petersburg). Its height is a colossal 1 223 feet (373 m) and that makes 95 stories! Tower West, on the other hand, is noticeably shorter at 794 feet (242 m).

The Federation Tower is a multifunctional complex.

Mercury City Tower

The Mercury City Tower skyscraper is widely known as one of the tallest buildings in Europe. Its height is 1 112 feet (339 m) and it has 75 stories. It is multifunctional by concept, holding within its walls shopping centers, offices and all kinds of other spaces. It is also possible to rent apartments here.

OKO Tower Complex

The OKO Tower Complex consists of two towers – the North Tower (49 stories and 803 ft or 245 m in height) and the South Tower (85 stories and 1 155 ft or 352 m in height).

Each of the MIBC’s tower complexes has its own recreational and entertainment areas, restaurants and parking lots. The top floors of most of these buildings contain luxurious fully-furnished apartments. At night, the towers shine with bright lights, while inside them the panoramic windows reveal astounding views of Moscow. This breathtaking view of the capital of Russia is why visiting Moscow-City is a must!

What Not to Miss

There are many interesting landmarks within the Moscow-City compound, but three of them are truly deserving of special attention:

• The Afimall City Shopping Center;
• The Bagration Bridge with two galleries and a shopping arcade;
• The Expocentre Fairgrounds.

Afimall City Shopping Center

The Afimall City Shopping and Entertainment Center is located in Moscow-City’s Central Core. It is divided into 4 zones, each with its own theme – one for every season of the year. The shopping center houses the biggest indoor fountain found worldwide. The height of this watery wonder is 118 feet or 36 meters.

The shopping and entertainment center contains everything one might expect from one of the largest centers of its kind:

• Retail brand stores;
• Exhibitions;
• Game rooms;
• and Restaurants.

The main recreational space is roofed with a giant transparent dome, which is an impressive sight to behold.

Bagration Bridge

Bagration Bridge with its upper and lower galleries has a shopping center all of its own and was the first structure to be built as part of the Moscow-City business district. Its lower gallery is a shopping arcade and its upper gallery is an open-air viewing platform with a spectacular view of the MIBC and the Moskva River. The hall of the bridge houses the 23 foot tall sculpture called “Tree of Life”. Having gone through the bridge via either one of its two galleries, a pedestrian would find themselves standing right on the Kutuzovsky Prospekt.

Expocentre Fairgrounds

The Expocentre Fairgrounds exhibition venue is located at the very heart of the capital. The first exhibition held at the Expocentre happened all the way back in 1959, much earlier than the MIBC was erected. Today it is the venue of many interesting events.

Exhibitions with very diverse themes are regularly held at this complex. An up-to-date schedule can be found on the official webpage of the Expocentre. The events can be free or fixed-price entry, depending on their type.

Renting and Buying Real Estate in Moscow-City

Moscow-City is not only a work and business hub, but also a residential neighborhood. Any citizen of Russia can rent or buy apartments or elite sky lounges here. The variety of residential real estate available inside the skyscrapers is impressive, including options for any pocket. The following buildings in the MIBC contain residential blocks:

This skyscraper has a mirror glass façade which reflects the passing clouds. Just imagine how beautiful that looks! Anyone can buy an apartment in the Federation Tower. Such properties are not only a good investment, but also a mark of prestige. The average price of residential real estate here is 45 million rubles for an apartment with a total floor area of 334 sqft (102 m²). The average price of a square meter (3.28 square feet) is in the range of 650 to 700 thousand rubles. There are two- and three-room apartments available in the Federation Tower, each with its own loggia. As for rent, the minimum price of one month’s stay in a three-room apartment in this skyscraper is 300 000 rubles per month.

The Mercury City Tower skyscraper welcomes citizens from all parts of Russia. This building is no less tall than the world-famous Dubai skyscrapers. Living in its apartments is a delight. The minimum cost of an apartment in the Mercury City Tower is 75 million rubles. The average price of a square meter (3.28 square feet) is 800 thousand rubles. And for those looking for a lower price point, some of the properties are also available for rent – in this case you will pay a minimum of 250 thousand rubles per month.

The Imperia Tower is a key cluster of interesting offers. The best options for buying and renting apartments within the MIBC can all be found in this skyscraper. The lowest price of a residential apartment here is 40 million rubles. A square meter (3.28 square feet) in a luxurious apartment in the Imperia Tower currently costs 600 thousand rubles, while the price range of the listings available for rent in this skyscraper is from 350 thousand all the way up to 1 million rubles per month.

This complex, standing on a faceted or “crystal” base, is an architectural engineering project boasting spectacular design. Behind its impressive façades is an abundance of penthouses and apartments having floor areas in the range of 262 sqft (80 m²) to 984 sqft (300 m²). The minimum price of an apartment in the OKO Tower Complex is 40 million rubles (the price of a square meter (3.28 square feet) is 500 thousand rubles). You can rent an apartment here starting from 400 thousand rubles per month.

City of Capitals

The City of Capitals is an exemplary architectural complex. Its sum appearance gives the impression of a huge city. Inside its walls are spacious apartments available for purchase and rent. This complex is considered to be especially prestigious. The prices of apartments here start from 50 million rubles, while the minimum cost of renting is 400 thousand rubles per month.

Please note! The price of real estate available for purchase or rent depends on: the tower, the floor, the total floor area, the furnishings and/or interior design, and other factors.

The key advantages of buying/purchasing real estate in Moscow-City are:

• Favorable location;
• Convenient transportation links;
• Well-developed infrastructure;
• High safety level;
• Efficient architecture;
• Panoramic windows.

Buying real estate in Moscow-City is very much a rational decision, most appealing to those who value the ultimate level of comfort. The residential apartments here boast impressive interior design solutions executed in the contemporary style.

Related posts

Property tax in russia, the best international schools in moscow.

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Press Release April 9, 2024

Spectrum Mobile Launches Innovative Anytime Upgrade and New Low-Cost Device Protection Plan

New Offerings Deliver More Value with Industry Leading Mobile Device Flexibility and Protection

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STAMFORD, Conn. – Spectrum today announced the launch of two new features, delivering Spectrum Mobile customers more value, control and peace of mind. Anytime Upgrade, which is now included in the Spectrum Mobile 1 Unlimited Plus data plan at no extra cost, allows new and existing customers to upgrade their phones whenever they want, as many times as they want, eliminating the traditional wait times and condition requirements associated with phone upgrades. Delivering even more value, Spectrum's new Mobile Repair and Replacement Plan offers customers device protection at a more affordable rate than competitors 2 .

“With the launch of Anytime Upgrade, we are providing Spectrum Mobile Unlimited Plus customers with straightforward and flexible access to the latest smartphone technology,” said Danny Bowman, Executive Vice President, Product for Charter Communications, which operates the Spectrum brand. “We understand the frustration of being locked into a device or contract. This offer, along with the new Spectrum Mobile Repair and Replacement Plan, allows our customers to have the newest devices with reliable protection, so they can maximize their wireless network experience and save money.”

Spectrum Mobile Anytime Upgrade: Delivering More Value for Less

With Anytime Upgrade, Spectrum is the first mobile provider to include this level of freedom within a rate plan. While some other carriers offer early upgrades, Anytime Upgrade allows Unlimited Plus customers to get the latest device anytime without traditional waiting periods 3 or early upgrade fees, providing unparalleled choice and flexibility. There is no need for customers to wait until they have paid 50% of their device payment plan balance, and customers can upgrade as many times as they want. Unlimited Plus customers, including those who bring their own device, can upgrade to any new available smart phone regardless of their device’s condition, as long as it powers on and is free of liquid damage 4 .

Spectrum Mobile’s Repair and Replacement Plan provides customers with coverage for broken screens, loss and theft for only $5 per month per device. The plan improves upon previous offerings, making device protection accessible to all Spectrum Mobile customers within 30 days of purchase, now including customers in New York state and those who bring their own device.

As the nation’s fastest-growing mobile provider 5 , Spectrum Mobile delivers exceptional value with flexible plans designed to meet various needs and budgets. In addition to enjoying new industry leading benefits like Anytime Upgrade and the Repair and Replacement Plan, Spectrum Mobile provides the fastest wireless speeds by combining WiFi and Mobile 6 . Spectrum Unlimited Plus plans also include 50GB of premium data, cellular video streaming up to 720p 7 and free roaming in Canada and Mexico 8 .

Download Full Comparison Chart

More information about Anytime Upgrade and the Spectrum Mobile Repair and Replacement Plan is available at spectrum.com/mobile .

1 Spectrum Internet required. Auto-pay required. For Unlimited/Unlimited Plus, speeds are reduced after 30/50 GB of usage per line. Restrictions apply. For details, refer to Spectrum.com/policies/mobile-terms.

2 As compared to Verizon, AT&T & T-Mobile as of Feb. 2024

3 Anytime Upgrade only available for customers subscribed to Spectrum Mobile Unlimited Plus for one billing cycle and in good standing. Trade-in devices must be operable; if not operable then trade-in may be subject to an additional redemption fee. Must enroll in new Device Payment Plan and remain on Unlimited Plus for 2 billing cycles.

4 $99 fee applies to “Beyond Economic Repair” devices

5 Based on Q4 2023 subscriber data among top 3 carriers

6 Based on analysis by Spectrum of Ookla® Speedtest Intelligence® data for overall mobile WiFi and Cellular performance for Q4 2023 in Spectrum's cable footprint. Ookla trademarks used under license and reprinted with permission.

7 Video resolution not restricted when connected to WiFi

8 Speeds reduced after 5 GB

About Spectrum

Spectrum is a suite of advanced communications services offered by Charter Communications, Inc. (NASDAQ:CHTR), a leading broadband connectivity company and cable operator serving more than 32 million customers in 41 states. Over an advanced communications network, the company offers a full range of state-of-the-art residential and business services including Spectrum Internet®, TV, Mobile and Voice.    For small and medium-sized companies, Spectrum Business® delivers the same suite of broadband products and services coupled with special features and applications to enhance productivity, while for larger businesses and government entities, Spectrum Enterprise® provides highly customized, fiber-based solutions. Spectrum Reach® delivers tailored advertising and production for the modern media landscape. The Company also distributes award-winning news coverage and sports programming to its customers through Spectrum Networks. More information about Charter can be found at corporate.charter.com .

Media Contact

Bret Picciolo

[email protected]

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The international Repair Café slogan is “Toss it? No way!” The Moscow Library wants to help our community put that idea into action — so we offer four free Repair Cafés a year. Community members can save money, learn new skills and keep as many things out of the landfill as possible by bringing items in need of repair to the 1912 Center Great Room. Volunteer experts will share their repair skills in such areas as clothing and textiles; book mending; small appliances; knife sharpening; jewelry; and gluing options. We make no guarantee that items will be fully repaired, and it’s understood that you bring items at your own risk. But hey, you can learn a repair skill, it’s free, and it’s a fun way to socialize with your community. Bonus: light refreshments are provided.

Partial funding for Repair Café is supplied by the Friends of the Moscow Library.

Virtual Repair Cafés

During the COVID-19 Pandemic, we were unable to do in person Repair Café so we did some digital tutorials with some of our awesome volunteers!

“Repair Cafés are free meeting places and they’re all about repairing things (together). In the place where a Repair Café is located, you’ll find tools and materials to help you make any repairs you need. On clothes, furniture, electrical appliances, bicycles, crockery, appliances, toys, et cetera. You’ll also find expert volunteers, with repair skills in all kinds of fields.” -From Repair Café’s website.

Repair Kits in Our Catalog

Check out our Bike Repair Voyager Kit!

Thank you to Avista Utilities for replacing our broken bike pump with a new and upgraded model! Now you can swing by the library and leave with pumped up bike tires to help carry home your pumped up book bag!

Juliaetta – Book Talk

Moscow – library hour, moscow – tots and tales, moscow – open make, moscow – alphabits storytime, genesee – storytime, troy – storytime, deary – storytime, moscow – babes and books, potlatch – storytime, moscow – tuesday teabirds book club, juliaetta – tales of early days, moscow – second saturday family storytime, moscow – repair café, moscow – poetry reading, moscow – teens try it: taste test, family history fair.

110 S. Jefferson St. Moscow, Idaho 83843

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Mobile Bicycle Repair Shop Business Plan

$59.00 $39.00 1 review

Resources On Mobile Bicycle Repair Shop

• Financial Model
• Value Proposition
• One-Page Business Plan
• SWOT Analysis
• Business Model

Marketing Plan

• Bundle Business Plan & Fin Model
• Description

Executive Summary

Products & services, market analysis.

• Management Plan
• Financial Plan

The Mobile Bicycle Repair Shop aims to solve the problem of accessibility to convenient and efficient bicycle repairs, maintenance, and tune-ups for cycling enthusiasts and sports enthusiasts. Currently, the options for bike repair services are limited to traditional brick-and-mortar shops, which often require customers to drop off their bikes for extended periods. This inconvenient process can discourage individuals from seeking necessary repairs, leading to decreased performance and potential safety hazards on the road.

Furthermore, with the growing popularity of cycling and the increasing demand for sustainable transportation options, there is a clear need for a mobile repair service that can cater to the needs of individuals who are constantly on the move. Our business fills this gap by providing on-the-spot repairs at various locations, including parks, trails, and sporting events, allowing customers to have their bikes serviced without disruption to their busy lifestyles.

MobileCycle Repair will provide a solution to the inconvenience and hassle of bicycle repairs by offering on-the-spot services and maintenance. Our skilled technicians will travel to various locations, such as parks, trails, and sporting events, with a fully equipped van. We will offer a wide range of services, including tire replacements, brake adjustments, gear tuning, and bike cleaning, ensuring that cycling enthusiasts and sports enthusiasts have access to convenient and efficient repairs. By providing these services, we aim to enhance the overall cycling experience, encourage physical activity, and promote sustainable transportation.

Target Market

The target market for MobileCycle Repair consists of cycling enthusiasts and sports enthusiasts in the US. These individuals are passionate about cycling and are likely to invest in high-quality bicycles. They value convenience and efficiency when it comes to bicycle repairs, maintenance, and tune-ups.

Our target customers are individuals who regularly engage in cycling activities, including recreational riders, competitive cyclists, and athletes participating in sporting events. They may have busy schedules and prefer not to spend time taking their bikes to traditional repair shops. Instead, they seek convenient and on-the-spot services that can be easily accessed at locations such as parks, trails, and sporting events.

We will focus on providing a personalized experience for our customers, tailoring our services to their specific needs. By offering a wide range of services, including tire replacements, brake adjustments, gear tuning, and bike cleaning, we aim to meet the diverse needs of our target market.

Through our services, we aim to enhance the overall cycling experience for our customers, encourage physical activity, and promote sustainable transportation. By providing convenient and efficient repairs, we aim to build long-term relationships with our customers and establish MobileCycle Repair as the go-to mobile bicycle repair shop in the San Francisco area and beyond.

Competition

In the current market, cycling enthusiasts and sports enthusiasts have limited options when it comes to convenient and efficient bicycle repairs. Traditional bike shops often require customers to bring their bikes to the shop for repairs, which can be time-consuming and inconvenient. Additionally, there are a few mobile bicycle repair services available, but they lack the range of services and personalized care that we aim to provide.

Our mobile bicycle repair shop will compete against these alternatives by offering on-the-spot repairs, maintenance, and tune-ups at various locations such as parks, trails, and sporting events. By bringing our fully equipped van and skilled technicians directly to the customers, we eliminate the need for them to transport their bikes to a shop or wait for extended periods for repairs to be completed. We will also differentiate ourselves by offering a wide range of services, including tire replacements, brake adjustments, gear tuning, and bike cleaning, ensuring that we meet all the needs of our customers wherever they may be.

Overall, our goal is to establish a strong reputation as the go-to mobile bicycle repair shop in the San Francisco area and beyond, providing exceptional customer service and personalized care that sets us apart from our competitors.

Financial Summary

Key highlights of the financial plan that covers costs, sales, and profitability:

Funding Requirements

To successfully launch and operate MobileCycle Repair, we are seeking an initial investment of $100,000. This funding will be utilized for the following key areas:

• Equipment purchase: $50,000
• Van customization: $30,000
• Marketing expenses: $10,000
• Working capital: $10,000

These funds are essential to ensure that we have the necessary tools and resources to establish our mobile bicycle repair shop and effectively reach our target customers. With this investment, we aim to create a strong foundation for growth and expansion, capturing a significant share of the bicycle repair market in the San Francisco area.

Milestones and Traction

Our mobile bicycle repair shop, MobileCycle Repair, aims to establish a strong presence in the cycling and sports enthusiast community. We have outlined a clear roadmap and specific milestones that we plan to achieve:

We will closely monitor our progress towards these milestones and adjust our strategies as needed to ensure the successful growth and profitability of our mobile bicycle repair business.

Problem Worth Solving

Many cycling enthusiasts and sports enthusiasts often face the inconvenience of having to transport their bicycles to a repair shop for maintenance or repairs. This can be particularly challenging for individuals who live in cities or do not own a vehicle suitable for transporting bicycles. Additionally, the lack of time and availability of reliable repair services can hinder the overall cycling experience and discourage physical activity.

Our mobile bicycle repair shop aims to solve this problem by providing convenient and efficient on-the-spot repairs, maintenance, and tune-ups. By traveling to various locations, such as parks, trails, and sporting events, we eliminate the need for customers to transport their bicycles. Our skilled technicians will offer a wide range of services, including tire replacements, brake adjustments, gear tuning, and bike cleaning, ensuring that customers can enjoy a hassle-free cycling experience without delays or inconveniences.

Our Solution

Our mobile bicycle repair shop offers a comprehensive range of services that address the specific needs of cycling enthusiasts and sports enthusiasts in the US. With our skilled technicians and fully equipped van, we provide on-the-spot bicycle repairs, maintenance, and tune-ups, making it convenient and efficient for our customers to keep their bikes in top condition.

Whether it's tire replacements, brake adjustments, gear tuning, or bike cleaning, our team is dedicated to ensuring that every aspect of the bicycle is functioning optimally. By offering these services directly to our customers at various locations such as parks, trails, and sporting events, we eliminate the inconvenience of having to transport their bikes to a physical repair shop.

Our solution not only saves our customers time and effort but also enhances their overall cycling experience. We understand that a well-maintained bike is essential for enjoying a smooth and comfortable ride, and our services contribute to the longevity and performance of their bicycles.

Furthermore, by encouraging physical activity through a seamlessly functioning bike, we aim to promote a healthier and active lifestyle. Additionally, as our repairs are performed on-site, right where our customers need them, we actively support sustainable transportation by reducing the carbon footprint associated with transportation to and from a stationary repair shop.

With our mobile bicycle repair shop, we alleviate the problem of inconvenient repairs, limited access to repair services, and the overall hassle of maintaining bicycles. Our solution offers a convenient, efficient, and personalized approach to bicycle repairs, empowering cycling enthusiasts and sports enthusiasts to fully enjoy their rides with peace of mind.

Validation of Problem and Solution

Through market research and customer surveys, we have identified a significant demand for convenient bicycle repair services among cycling enthusiasts and sports enthusiasts in the US. Existing bike repair shops often require customers to bring their bikes to a physical location, which can be inconvenient and time-consuming.

As a solution, our mobile bicycle repair shop eliminates the need for customers to transport their bikes. We have conducted pilot tests in the San Francisco area, providing on-the-spot repairs and maintenance services at local parks and sporting events. The positive feedback and high customer satisfaction rate from these tests validate the demand for our mobile repair model.

Additionally, we have received endorsements and support from various cycling and sports organizations, highlighting the importance of our services in promoting physical activity and sustainable transportation options. The combination of market research, customer feedback, and endorsements reaffirms the need for our convenient and efficient mobile bicycle repair solution.

Product Overview

Our Mobile Bicycle Repair Shop offers on-the-spot bicycle repairs, maintenance, and tune-ups to meet the needs of both cycling enthusiasts and sports enthusiasts. Our skilled technicians travel to various locations, such as parks, trails, and sporting events, providing convenient and efficient services. We offer a wide range of services including tire replacements, brake adjustments, gear tuning, and bike cleaning. By offering these services, we aim to enhance the overall cycling experience, encourage physical activity, and contribute to a sustainable mode of transportation. Our personalized care and direct interaction with customers ensure exceptional service and satisfaction.

Currently, there are several established bicycle repair shops in the San Francisco area that offer similar services, including tire replacements, brake adjustments, and gear tuning. However, what sets MobileCycle Repair apart is our unique mobile business model. By traveling to various locations such as parks, trails, and sporting events, we provide on-the-spot repairs and maintenance, offering convenience and efficiency to our customers. Unlike traditional repair shops, our skilled technicians bring their expertise directly to the customer, eliminating the need for transportation and minimizing downtime. Additionally, our focus on personalized care and excellent customer service sets us apart from the competition, ensuring a superior experience for cycling enthusiasts and sports enthusiasts in the US.

Steps Taken:

Steps Planned:

• Step 7: Launch Operations in San Francisco
• Step 8: Provide exceptional customer service and build a strong reputation
• Step 9: Evaluate and adjust business strategies based on market feedback and performance
• Step 10: Expand operations to cover larger areas in California and eventually other states

Market Segmentation

The potential market for our mobile bicycle repair shop primarily consists of cycling enthusiasts and sports enthusiasts in the US. Cycling enthusiasts are a large segment of customers who are passionate about cycling and regularly engage in cycling activities. This segment represents a high market potential due to their demand for convenient and efficient bicycle repairs and maintenance services. Sports enthusiasts, who participate in various sporting events and activities that involve bicycles, form a medium-sized segment with a moderate market potential. By targeting these customer segments, we aim to capture a significant portion of the market and establish long-term customer relationships.

Target market segment strategy

In our market analysis, we have identified our ideal customer segment as cycling enthusiasts and sports enthusiasts in the US who would most likely benefit from our mobile bicycle repair shop.

These individuals are passionate about cycling and participate in various sports activities that involve bicycles, such as mountain biking, road cycling, triathlons, and competitive cycling events. They value their bicycles and understand the importance of regular maintenance and repairs to ensure optimal performance and safety.

Our target market segment is typically busy individuals who may not have the time or knowledge to perform bicycle repairs themselves. They appreciate the convenience we offer by traveling to their locations, whether it be a local park, a popular trail, or a sporting event. By providing on-the-spot repairs, maintenance, and tune-ups, we save them valuable time and effort, allowing them to spend more time enjoying their favorite activities.

Furthermore, our target market segment is passionate about the cycling experience and values physical activity. They are conscious of the environmental impact of transportation and actively seek sustainable modes of transportation, such as bicycles. By providing efficient repairs and maintenance, we contribute to their goal of a sustainable lifestyle and support their commitment to reducing carbon emissions.

Overall, our target market segment consists of individuals who prioritize their bicycle's performance and their own enjoyment of the cycling experience. They are willing to invest in professional services that provide convenience, efficiency, and peace of mind. With our mobile bicycle repair shop, we aim to meet their needs and enhance their overall cycling experience.

Key Customers

Our ideal customer archetype for the mobile bicycle repair shop is the avid cycling enthusiast. They are passionate about their sport and are always seeking ways to enhance their cycling experience. They value convenience and efficiency, as they want to spend more time on the road or trail and less time dealing with bike repairs.

These customers understand the importance of regular maintenance for optimal performance and safety. They appreciate the expertise of skilled technicians and trust them to keep their bikes in top condition. Our ideal customers take pride in their bikes, often investing in high-quality equipment and accessories, and are willing to pay for premium services that cater to their specific needs.

As the main advocates for our business, these customers will not only benefit from our convenient on-the-spot repairs but also spread the word to their cycling community, helping to generate referrals and word-of-mouth marketing.

Future Markets

Based on the previous sections, the potential market for our mobile bicycle repair shop consists of cycling enthusiasts and sports enthusiasts in the US. These individuals are seeking convenient and efficient bicycle repair services that enhance their cycling experience and contribute to a sustainable mode of transportation.

Our business strategy is designed to meet the needs of this market by offering on-the-spot repairs, maintenance, and tune-ups at various locations such as parks, trails, and sporting events. This approach allows us to directly interact with our customers, providing personalized service and building strong customer relationships.

With our wide range of services, including tire replacements, brake adjustments, gear tuning, and bike cleaning, we aim to cater to the diverse needs of the cycling community. Additionally, by encouraging physical activity and promoting the use of bicycles as a mode of transportation, we contribute to a healthier and more sustainable lifestyle.

As we continue to establish our business and gain traction in the market, we will explore potential partnerships with parks, trails, and sporting events organizers. These partnerships can provide us with access to a larger customer base and prime locations for offering our services.

Overall, our business strategy aligns with the demands and aspirations of our target market, positioning us to capture a significant market share and grow in the future.

Market Analysis:

An analysis of the market reveals the presence of several potential competitors in the mobile bicycle repair industry. The table below outlines some key players in the market:

While competition exists, our mobile bicycle repair shop aims to stand out by offering a wider range of services combined with convenience and efficiency. Our focus on catering to the needs of cycling enthusiasts and sports enthusiasts, along with our skilled technicians, will help us differentiate ourselves in the market.

Marketing and Sales Plan

Our marketing and advertising strategy will focus on targeting cycling enthusiasts and sports enthusiasts in the US, emphasizing the convenience and efficiency of our on-the-spot bicycle repair services. Our goals are to increase brand awareness, attract customers, and maintain a loyal customer base.

We will allocate a portion of our budget for online advertising through targeted social media ads and search engine optimization to reach our target audience effectively. Additionally, we will create partnerships with local cycling clubs and organizations to increase our visibility and credibility within the cycling community. These partnerships will include joint marketing efforts and referrals.

We will also participate in cycling events and set up a booth to showcase our services and engage with potential customers. This will allow us to establish direct relationships with customers and provide demonstrations of our expertise and equipment.

Our marketing and advertising strategy will be regularly reviewed and adjusted based on customer feedback, market trends, and the effectiveness of various channels to optimize our marketing efforts and maximize ROI.

Based on market research and analysis, we anticipate a high demand for our mobile bicycle repair services among cycling and sports enthusiasts in the San Francisco area. With our convenient on-the-spot repairs and wide range of services, we aim to attract a significant number of customers.

We will carefully analyze the market conditions, including the number of potential customers and competitors, to determine our sales projections. By considering our operational capacity, pricing strategy, and other factors such as customer preferences and economic conditions, we will estimate the number of sales we anticipate on a monthly and yearly basis.

To reach our sales targets, we will implement effective marketing and advertising strategies, including online and offline channels, to raise awareness about our services and attract customers. Additionally, we will prioritize customer satisfaction and build positive word-of-mouth through exceptional service and personalized care.

With a strong focus on customer acquisition and retention, we are confident in achieving our sales goals and establishing a loyal customer base in the San Francisco area and beyond.

Location and Facilities

MobileCycle Repair will operate as a mobile bicycle repair shop, traveling to various locations in San Francisco, California. As a mobile business, we will not require a physical storefront or fixed location. Instead, our skilled technicians equipped with a fully equipped van will be able to provide on-the-spot bicycle repairs, maintenance, and tune-ups at parks, trails, and sporting events.

This business model allows us to have flexibility and reach a wider customer base. We will strategically choose high-traffic areas and popular cycling destinations to maximize our visibility and accessibility to our target customers. By not having a fixed location, we can minimize operational costs such as lease expenses and utilities.

Our operational costs will mainly include technicians' wages, van maintenance and fuel costs, equipment and tools, and marketing and advertising expenses. By utilizing a mobile business model, we can optimize our resources and provide a cost-effective service to our customers.

Our mobile bicycle repair shop utilizes advanced technology to provide efficient and reliable services to our customers. We have implemented a digital booking system, allowing customers to schedule appointments and track the status of their repairs online. This technology not only streamlines the booking process but also enables us to manage our technicians' schedules more effectively.

In addition, we leverage mobile diagnostic tools and specialized equipment to accurately diagnose and fix various bicycle issues on the spot. These tools allow our skilled technicians to efficiently perform tasks such as tire replacements, brake adjustments, gear tuning, and bike cleaning, ensuring high-quality and timely repairs.

Furthermore, we utilize social media platforms and online advertising campaigns to reach our target audience and promote our services. By employing digital marketing techniques, we aim to create brand awareness, attract new customers, and retain existing ones through personalized promotions and offers.

Overall, our adoption of technology enables us to optimize customer convenience, enhance operational efficiency, and effectively market our mobile bicycle repair shop in the competitive cycling and sports industry.

Equipment and Tools

In order to provide high-quality mobile bicycle repair services, we will need to invest in various equipment and tools. The following is an outline of the required equipment and tools, along with their associated costs:

By investing in these equipment and tools, we will ensure that our skilled technicians have everything they need to provide efficient and high-quality repairs for our customers' bicycles.

Management and Organization

Organizational structure - management and organization.

In our mobile bicycle repair shop, we will adopt a flat organizational structure to ensure a streamlined flow of information and efficient decision-making. The key roles and responsibilities within our organization are as follows:

Communication within the organization will primarily occur through open channels, including direct communication between the owner/manager and employees during regular meetings and through electronic means such as email and instant messaging. The owner/manager will encourage cross-functional collaboration and facilitate the flow of information to ensure seamless operations and customer satisfaction.

Management Team

Within our mobile bicycle repair shop, we anticipate bringing on a highly skilled and experienced management team to oversee the day-to-day operations and ensure the success of our business. The potential candidates we envision for high-level management roles include:

Management team gaps

At present, we do not have candidates readily available to fill certain positions or areas of expertise within our management team. Specifically, we lack individuals with extensive experience in marketing and advertising, as well as in business development and strategic partnerships. These roles are crucial for effectively promoting our mobile bicycle repair shop, creating brand awareness, and establishing partnerships with parks, trails, and sporting events organizers. Identifying and recruiting candidates with the necessary skills and expertise will be a priority for our management team to ensure the successful implementation and growth of our business.

Personnel Plan

Position: Skilled Bicycle Technician

Responsibilities: Perform bicycle repairs, maintenance, and tune-ups; provide personalized service to customers

Qualifications: Extensive knowledge of bicycle mechanics, excellent problem-solving skills, attention to detail

Number of Positions: 2

Position: Van Driver

Responsibilities: Travel to various locations for on-the-spot repairs; ensure safe transportation of equipment

Qualifications: Valid driver's license, clean driving record, familiarity with local areas

Number of Positions: 1

Position: Marketing Coordinator

Responsibilities: Develop and implement marketing strategies, manage online presence, coordinate promotional events

Qualifications: Strong communication and analytical skills, experience in digital marketing

Position: Administrative Assistant

Responsibilities: Handle scheduling, customer inquiries, and administrative tasks

Qualifications: Strong organizational and communication skills, proficiency in office software

Company History and Ownership

MobileCycle Repair was founded in 2020 by a team of passionate cycling enthusiasts with a shared vision of providing convenient and efficient bicycle repair services. The founders recognized the need for on-the-spot repairs to cater to the busy schedules of cycling enthusiasts and sports enthusiasts, and to contribute to a sustainable mode of transportation. With extensive experience in bicycle maintenance and repair, the founders saw an opportunity to create a mobile repair shop that could travel to various locations, delivering personalized care and excellent customer service. As an independent company, MobileCycle Repair aims to build a strong reputation as the go-to mobile bicycle repair shop in the San Francisco area and expand operations to cover larger areas in California and eventually other states.

Our management and organization team has developed a detailed roadmap of specific goals and objectives that will help us manage and steer our mobile bicycle repair shop business. These milestones include:

Key Metrics

As a mobile bicycle repair shop, it is essential to measure key performance indicators (KPIs) that help gauge the overall performance and health of our business:

1. Customer Satisfaction Score (CSAT): We will regularly assess our customers' satisfaction with our services through surveys or feedback forms. This metric helps us understand how well we are meeting their expectations and enables us to make improvements where necessary.

2. Number of Customers: Keeping track of the number of customers we serve helps us measure our business growth and customer acquisition efforts. This metric also assists in identifying trends and analyzing the effectiveness of our marketing and outreach strategies.

3. Service Completion Time: Monitoring the time taken to complete repairs, maintenance, and tune-ups allows us to assess our operational efficiency. By optimizing service delivery, we can ensure timely and reliable solutions for our customers.

4. Repeat Customer Rate: Tracking the percentage of customers who return for future repairs or tune-ups is crucial for measuring customer loyalty and the quality of our services. A high repeat customer rate indicates customer satisfaction and validates the value we provide.

5. Revenue Growth: Monitoring our revenue growth over time helps us evaluate the financial health and sustainability of our business. By setting revenue targets and analyzing our performance against them, we can identify opportunities for expansion and optimization.

Financial Plan and Metrics

Sales forecast.

The sales forecast for MobileCycle Repair for the next three years (2024-2026) is as follows:

The sales forecast shows a steady increase in revenue over the next three years, with a projected revenue of $225,000 in 2024, $270,000 in 2025, and $323,000 in 2026. This growth is attributed to our focus on providing excellent customer service, expanding our operations, and increasing brand awareness through marketing and advertising efforts.

Starting and operating a mobile bicycle repair shop requires several expected or incurred costs. Below is a breakdown of the startup costs and operational expenses:

Startup Costs

Operational expenses, projected profit and loss.

Below is a summary of the projected profit and loss statement for MobileCycle Repair for the years 2024, 2025, and 2026:

Note: The profit and loss statement above is based on the projected revenue, costs, and expenses for the respective years. It assumes a consistent gross margin percentage of 60% and a profit percentage of 20%.

Projected Cash Flow

Below is a three-year projected cash flow statement for MobileCycle Repair, highlighting the inflow, outflow, net cash flow, and cumulative net cash flow for the years 2024, 2025, and 2026:

Based on these projections, MobileCycle Repair expects a positive net cash flow in each year, with incremental growth in both inflow and outflow. By the end of 2026, the cumulative net cash flow is projected to reach $190,000, indicating a healthy financial position and consistent profitability.

Projected Balance Sheet

(Please note that the balance sheet figures for each year will be filled in based on the business's financial performance and calculations in the detailed financial plan.)

In order to ensure efficient operations and provide high-quality service, our mobile bicycle repair shop will need a team of skilled technicians who are experienced in bicycle repairs and maintenance. We intend to hire technicians who have a strong passion for cycling and understand the needs of cycling enthusiasts.

The compensation for our technicians will be based on their experience and expertise. We plan to offer competitive wages and incentives to attract and retain top talent in the industry. Additionally, we will provide training and development opportunities to further enhance their skills and knowledge in bicycle repairs.

Our technicians will play a crucial role in the daily operations of our business. They will be responsible for traveling to various locations, such as parks, trails, and sporting events, to provide on-the-spot repairs, maintenance, and tune-ups. They will interact directly with customers, providing personalized service and ensuring customer satisfaction.

By hiring skilled technicians and creating a positive work environment, we aim to build a strong and cohesive team that will contribute to the success of our mobile bicycle repair shop and deliver exceptional service to our customers.

Use of Funds

The following table outlines the breakdown of funds and how they have been or will be utilized:

The funds have been allocated in a manner that ensures the necessary equipment and customized van are available to provide efficient and high-quality bicycle repair services. A portion of the funds has been set aside for marketing expenses to promote our services and attract customers. Additionally, working capital has been allocated to cover initial operational costs and ensure smooth business operations.

Exit Strategy

Our long-term goal is to establish a successful and profitable mobile bicycle repair shop that becomes a recognized brand in the cycling community. Eventually, we envision the potential for different exit strategies, such as acquisition by a larger bicycle repair company or the opportunity to sell the business to a passionate entrepreneur looking to enter the industry. Alternatively, we may consider passing along the business to a family member or a dedicated employee who shares our vision and values, ensuring a smooth transition and the continuation of our commitment to customer service and satisfaction.

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NCM Moscow Plus

An e-mountain bike equipped with high-end brake and drive systems, the NCM M5 is for adventurous riders who want to hit the trails comfortable in the knowledge that their ebike can handle whatever they throw at it.

BIKE COMPONENTS

Frame: Alu. 6061, 26"*17.3 inches / Alu. 6061, 27.5"*18.9 inches / Alu. 6061, 29"*20.5 inches

Suspension Fork: Suntour, XCM-HLO-26/27.5/29, with hydraulic lock system

Brake: F/R: Tektro Hydraulic Disc Brakes,HD-E350

Freewheel: LY, 8 Speed, 11-32T, Silver

Tire: Schwalbe, Black Jack, 26"*2.1/Smart Sam, 27.5"*2.35/29"*2.35, Black

Saddle: Selle Royal, Lookin-A200UR, Black

Crank: Das-Kit, CM48,28/38/48T

Derailleur: F: Shimano, Altus, FD-M310, R: Shimano, Acera, RD-M360

ELECTRIC COMPONENTS

Battery: Das-Kit, i5-4816, 48V 16AH, 768WH

Hub Motor Rated / Peak Power: Das-Kit, X15, 48V 500W / 900W

Controller: Das-Kit, CT-i5, 48V 18A

Charger: Das-Kit, 48V3A

Display: Das-Kit, C7 

Net Weight (with battery): 57.0 lbs

Battery Weight: 9.1 lbs

Max Load (driver+bike): 275.0 lbs

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Our on-line store is open 24/7 and we ship Monday through Friday, excluding some holidays. Orders received for products without shipping restrictions on its product page will ship the same business day when received before 12:00 p.m. PST. Orders in high demand will have an estimated production time listed on its product page and will ship according to the date listed.

Customer Reviews

Very happy with my new M7 and wife's Moscow Plus

We purchased the NCM Moscow 29 E bike from Leon Cycles earlier this month. Communication was via 'Whatsapp' which I initially thought a little odd but worked out well. Once communication established the transaction was completed quickly and easily. We were able to arrange for the team to assemble the bike for us and we picked it up from the warehouse without an issue. We love the bike and are continuing to find new places to discover using it. Competitive price and great service.

I ordered the bike 4 days ago and today it arrived. Now my first impressions: it is easy to assemble, looks great, is cleanly finished and after a first short driving test I have to say, the hammer. It's totally easy to drive. If it stays that way, I can only say thank you Leon Cycle. Now I can cycle again, despite knee problems. Price-performance top

Great bike, this is my second e bike and by far the best. Watching e bikes over the last 10 years I think the Moscow 29er is fantastic. I live in the Dandenongs outside Melbourne with big steep hills and the Moscow takes them all on with great pulling power and gear range. 48v with 16 amps means over 750 watts of power. The bike is big and serious so getting on and off can be tricky but you do get used to it. With the previous bike (36v at 8amps) I was scared of running out of battery on a big hill and having to push the bike home but not with the Moscow. Also if you take the front wheel off you can get it in a hatchback like my Mazda 3 Which is nice. At $2200 it is a great buy.

Purchased two Moscow 27.5. One for my wife, one for me. Fast delivery, well boxed and easy assembly. Absolutely FANTASTIC to ride and use. Great range, and enough power for steep hills and tough terrain. I highly recommend them. Exactly as advertised and brochure. Looked at many options from other suppliers but these are the best value for money. If anyone wants a little extra range and a few more features then a Moscow Plus may suit. 48 Volt is the way to go. Great support and assistance from the team at Leon to make the right purchase decision. Hope other people may enjoy the ride and quality product. Harry G

Highlighted Features

Das-Kit 500W Motor

Ergonomic handlebar grips

Moscow 48V disc brake

Product specifications.

Battery: Das-Kit, i5-4816, 48V 16Ah, 768Wh

Hub Motor Rated / Peak Power: Das-Kit, X15, 48V 500W / 750W

Display: Das-Kit, C7

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