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bike service center business plan pdf

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bike service center business plan pdf

Being in the service provider business has the potential to be highly profitable, provided that you start your trade in a sector that is high in demand. Vehicle servicing is one such sector that is always in demand. What with the tremendous increase in the number of people owning cars and bikes for their daily travel requirements, bike servicing is highly in demand. It is not always feasible for an individual to go to a bike repairing center or a garage to get their bike fixed. To address this problem, you can start your own bike servicing center. It can be built into a chain of centers that makes bike servicing facilities easily available to people. Since investing time into these jobs is an issue for most people these days, a bike service center where everything is taken care of simultaneously is quite a welcome move.

Location Selection

To start a full-fledged bike service center, the first and foremost requirement is space. Ample space is required for the different kinds of bike servicing facilities that you would need to provide. The locale is also quite important. Do your research and accumulate data as how many families in the vicinity of your desired location own bikes and other two-wheelers. This is an important step as it would help you start your business on a note of profit. Plus, you also need to look into the accessibility of your service center, so that you get exposed to larger client base.

Next up, you need the license to start your business. There can be much legality involved that need to be addressed before you start running shop. Once everything is in place and you have acquired a suitable place to start your business, you need to hire a team of workers who are well-versed in bike servicing.

Hiring Staff & Training

You need an expert team so that the quality of the services that you provide is not marred in any way. After all, the better the quality of services you provide, more will be the increase in your business’ popularity. Word of mouth is the most basic and most effective form of advertising in this field. Make a list of all the services that you would be providing and be sure to advertise them well in order to build your customer base.

Marketing Your Business

You could start your own website which contains all the details of your business. It is the digital age where everything is easily available at the click of a few buttons. Use it to your advantage to promote your business. Keep your rates as competitive as possible and it is sure to give your business venture a boost. People these days are always looking for services that are hassle-free and less time consuming. If the services provided are up to the mark and the client is satisfied with them, you can be sure to have made a loyal customer for your business. Therefore, always make sure that you do not compromise on the quality of the service that you provide.

Pickup & Drop Facility

You can offer pickup and drop facility of bikes from home to service center. This will result in hassle free experience of your clients and they will be happy with this service. No one wants to spend their weekends for this kind of works, that’s why this pickup/drop facility will generate more customers to your service center.

Maintain A Mobile App

You can also create a mobile app which will help in sending notification to your customers about the servicing process, current progress and customers profile.

A bike or any two-wheeler sees a lot of wear and tear due to frequent use and therefore, also requires frequent maintenance. This makes it a really feasible to test your entrepreneurial skills by setting up your own bike service center. You could work independently or get associated with some of the leading bike brands to build more credibility for yourself as a bike service care provider.


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How To Start a Bike Service Center?

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In current times, when the significance of having an accessible personal conveyance cannot be ignored, a bike repair company can prove to be quite profitable. It is among the most successful small business concepts. One of the most economical forms of personal transportation is a bike. People at various income levels utilize it to commute short distances, get to and from work, deliver packages, and more. It is simple to move through a traffic bottleneck and is also simple to park.

Bike usage is rising due to its many benefits. Consequently, the need for bike repair and maintenance services increases. It is not always practical for someone to take their bike to a garage or bike repair facility to get it fixed. Anyone can start a bike service center to solve this issue. It can be established into a chain of locations so consumers can quickly access bike repair services. A bike servicing center where everything is handled simultaneously is a good development because most individuals these days find it difficult to devote the necessary time to these tasks.

The perfect business to launch in the appropriate market, as a result, is a bike repair center.

One of the best start-ups is to open a successful bike repair business. To do this, follow the steps below.

  • Visualize a Business Plan

Like a conventional business plan, a two-wheeler service center business plan will have a lot of different sections. The financial investment is the first consideration when implementing this primary business concept. The acquisition is not high for any small business. Money is required for the following essential things: a rental location, Pneumatics tools, equipment, two-wheeler mechanics, and a franchise. The initial investment in a bike service station can be around 6 lakhs – 12 Lac.

Based on the available labor, decide what maintenance and repair services you will provide. Set a price for each service based on the cost, time needed, and the profit margin.

  • Select a location

Make sure you pick an area with a lot of foot traffic, such as a busy junction or road. You can also open a bike repair shop in an area famous for bike repair or two-wheeler service. Since people frequently visit these locations to get their bikes fixed, you might draw a sizable clientele to your store.

  • Business Management and Accounts

The most crucial stage in operating and expanding your bike repair business will be this one. To assess your company’s financial success, make decisions regarding development and expansion, determine how many employees to hire, etc., you must keep a record of your costs and revenues. Additionally, this will make tax filing simpler.

  • Maintain and expand your business

Once your new small business has begun, it is crucial to draw in and keep clients. Making a personal link with your clients and offering excellent service are two ways to achieve this. In this way, customers won’t just keep using your services—they’ll also refer their friends, relatives, and neighbors to them. Additionally, you should be sufficiently knowledgeable about motorcycles, the shifting demands of consumers, and new models as they hit the market. Being knowledgeable about bikes will enhance your services and interactions with clients. To set yourself apart from your rivals, you need also be familiar with the services provided and the costs charged by them.

To advertise your business, you can employ a variety of strategies. Making a website for your bike repair business is one option. Nowadays, thanks to technological improvements, creating a website is fairly straightforward. Having a website can have a number of benefits. It will offer your company a sense of respectability. You can register your company with a number of websites that direct customers to local businesses. Your company will have a presence online, where anyone searching for it may easily learn more about your contact information, services, and costs. It might aid in bringing in new clients. Additionally, you can hand out flyers and posters.

  • Invest in Bike Service Center Franchise

If you’re looking to start a bike repair business, one of the considerations can be taking a bike service franchise . The franchisee is the third-party buyer who purchases the brand rights from the franchisor. The initial franchise fee, which can be incorporated into the two-wheeler service center setup cost for the two-wheeler service center, is paid by the franchisee to the franchisor in exchange for the right to use the franchisor’s trademark. The business support the franchisor provides to the franchisee is one of the advantages of a bike service franchise in India . Suppose you obtain a branded motorcycle service center franchise . In that case, you will receive everything you need to run the business, including the name, logo, tools, supplies, and marketing strategy to operate the business.

how to start bike service center india

Additionally, Franchises experience lower failure rates than one-person operations. If Franchisees invest in a franchise to join a strong brand, the network provides them with assistance and guidance, decreasing the likelihood that they will fail in business. Well, Apna Mechanic®, a multi-brand doorstep bike service brand, offers Multibrand Bike Service Center Franchise Opportunities in India .

Contact us at [email protected] or call us at +91 8001-97-8001 to learn more about getting Apna Mechanic Multibrand Two-Wheeler Service Franchise.

By following these methods, you can implement this extremely profitable business concept. Building your bike repair brand’s reputation and clientele may take some time, just like any other business. Hard work will also be necessary. However, as soon as you pass this threshold, your bike repair center will generate good profit.

How To Start a Bike Service Center?

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Hi I am Nayan biswas

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Hello Nayan, how can we help you?

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Sir I’m having one repairing work shop on road side, to survive present possible with your support wishes to convert bike service and washing services center, if possible please revert back to me positive massage.

Dear Animesh

Please connect us on +919797970004.

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Bicycle Shop Business Plan Template

Written by Dave Lavinsky

bicycle shop business plan

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 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

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.

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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

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Other Helpful Business Plan Articles & Templates

Business Plan Template For Small Businesses & Entrepreneurs

Bike shop business plan template

Download this bike shop business plan template in PDF or Word format, or tailor it to your project directly in our business plan software.

Discover our bike shop business plan template

bike shop business plan template

Not accustomed to writing business plans? Our bike shop business template will turn a typically challenging process into a total breeze.

Modelled on a complete business plan of a bike shop in Normandy, our template features both the financial forecast and the written part that presents the project, its team, the local market and the business strategy implemented by the management.

Cast your eyes on this template to achieve a better understanding of what your bank and investors would like to see, so that you can create a business plan that meets their expectations.

Template only available to paying subscribers of our online business planning software . Get a 7-day trial for free.

Edit the bike shop business plan template online, or download it

Available in pdf.

Just after a little inspiration? Download the business plan template in PDF to print and have a read over it.

Download in Word format

Want to edit your plan on Word? Simply export the bike shop business plan template to MS Word (.dox) format.

Tailor it to your own project

Adapt this template to your personal project by changing the written part or the financial forecast in our online business plan software .

Bike shop business plan template content

This template includes a complete business plan, with a financial forecast and the following sections:

  • Executive summary: The executive summary gives the reader a clear and concise overview of your business idea
  • Company: This section lays out the structure of your business, including its location, management team and legal status
  • Products and services: Here, you'll give an overview of the services or products offered by the company
  • Market analysis: The market analysis is where you’ll demonstrate that there is a strong demand for your products and services through a thorough assessment of the industry (customer profile, hot trends, regulation, competition, etc.)
  • Strategy: This section highlights the company's game plan when it comes to pricing, marketing and mitigating risks along the way
  • Operations: This step lays out the company's operational organisation, including the recruitment plan
  • Financial plan: The financial plan includes a table of sources & uses (initial funding plan), and complete financial statements (P&L, balance sheet and cash flow statements).
  • Appendices: This part provides the opportunity to include multiple financial appendices generated by our software (debt maturity profile, monthly financial statements, financial analysis, etc.).

business plan template bike shop summary

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Executive Summary

Business overview.

A Bicyclette will be a bike store located in the city of Caen, specializing in the sale and repair of racing bikes.

We will offer a wide range of racing bikes, accessories, and spare parts. We will also offer our customers a repair and maintenance service.

At A Bicyclette, we'll constantly be on the lookout for the latest trends in the world of cycling. We will use our knowledge of the industry to build customer loyalty and help each customer find the bike adapted to their needs.

We will be located at 25 rue Saint-Jean in the heart of the downtown shopping district and on a road that is very popular with cyclists since it provides access to the north end of the city.

Our bike store will be a limited company with a capital of €10,000. Antoine C. will be the CEO and Alice D. will act as general manager.

Both of them have experience in the cycling and repair business, making them an ideal team for the running of the store.

Antoine C. is originally from Caen and holds a Professional Qualification Certificate in bicycle maintenance and repair. He has completed internships that have allowed him to specialize in several fields, and has 10 years of experience in various bicycle stores in the Caen region as a mechanic and then as a workshop manager.

Alice D. is a native of Caen and has a sports management degree with a specialisation in cycling. Her 8 years of experience in tourism management and her enthusiasm for cycling have provided her with good knowledge of the field, including at the technical level.

The two partners got to know each other through the French Cycling Federation, both having attended cycling events organised by the body. Their shared passion for cycling was what led them to set up this business together.

French Market

Market overview

The cycle market has been growing since 2013, with the sector reaching total revenue of €2.1 billion in 2018.

The parts and accessories segment is growing steadily. On the cycle side, the market is driven by price inflation: sales volumes are relatively stable, between 2.7 and 3 million, but the popularity of electric bikes is driving prices up.

Electric bikes have been very popular amongst consumers and now account for 40% of sales by value.

In terms of distribution channels, the market is dominated by specialized retailers, which hold more than half of the market share in value, followed by large sports brands.

When it comes to sales volume, large multi-sport retailers are dominating, since nearly two out of three bicycles are sold by these chains, compared with only one out of five in the independent retail sector.

The average price for a bicycle varies according to where it's sold. The average price of a bike will be around €1,320 at an independent shop compared to €159 in a large sports shop.

Prices can also change significantly depending on which type of bike is being purchased. By opting for an electric bike, you have to pay around €1,564 in comparison to around €330 on average for a mountain bike.

According to carfree.fr, the average budget for a bike is €600 per customer, excluding the insurance costs of about €200 per year. As far as upkeep is concerned, around €240 is required per year for regular maintenance and possible repairs.

The demand for bikes within France

In addition to being a sporting activity, cycling is also popular among workers.

A 2015 INSEE study reports that 2% of working people commute to work using a bicycle, compared to 14.8% of French people using public transportation.

Bicycle use remains predominantly urban. Of the 2.7 million bicycles sold in France in 2018, 61% were city bicycles.

The travel rate has remained constant over the last ten years, with an average of 2% of the active population travelling by bicycle over a distance of about four kilometres.

The French government launched a major "cycling plan" in August 2018 to triple the share of cycling in public transport from 3% to 9% by 2024. The main objective was to fight pollution, by encouraging the French population to travel more frequently by bike. 

The plan also includes adding bicycle facilities in several French cities, as well as improving road safety and reducing the number of bicycle thefts.

In 2019, the French Cycling Federation had 119,280 members - an increase of 13% in the space of 10 years.

According to a study carried out by shopalike.fr, cycling is the most popular leisure activity amongst the French, ahead of camping and skiing.

There are a total of 2,590 mountain biking and road biking clubs throughout the country - with 26,110 mountain bike club members and 71,993 road bike club members.

Two-thirds of mountain bikers, as stated by kaclycling.com, are men aged around 32. However, there are increasingly more women among these riders.

Offer on market

According to the Observatoire du Cycle, there are 2,775 specialized bicycle shops in France. 

These shops are mainly made up of retail cycle dealers and repairers, but some retailers also have a hand in the resale of bike parts and accessories.

This market segment, estimated at €749 million, accounts for 34% of retailer revenues. Parts and accessories are generally related to bicycle maintenance or safety.

Local market

According to INSEE, 2% of Calvados inhabitants use mountain bikes and electric bicycles when cycling, which is equivalent to the national average. Calvados appears to be the most developed county in Normandy in terms of cycle networks.

Caen, which has 103,830 inhabitants, has a developed urban network and self-service bicycles which were set up by the city council in 2018. There are a total of 220 bicycles spread across 22 docking stations in the city.

Numerous bicycle facilities are located on the outskirts and in downtown Caen to allow free movement for cyclists. The bicycle network covers a total of 101 kilometers with 2,550 bicycle racks, as well as 125 dual bicycle lanes providing cyclists with a safer route.

In addition to city bikes, events and bike paths, the city also offers financial assistance to residents keen to buy a bike by covering 25% of the bicycle purchase.

Normandy benefits from a large number of cycling competitions, allowing sportspeople to participate and track their performance. In particular, Caen has a branch of the French Cycling Federation with 6,804 members in the Normandy region.

Target Market

Taking into account our location and the customers located on Saint-Jean Street, we mainly target a local clientele looking for advice on how to maintain their bikes, but also how to get into the sporty aspect of it.

Our store will mainly focus on cyclists who practice cycling as a sports activity, especially since we sell racing bikes customised to their needs. Our niche market will allow us to build customer loyalty and bring customers to our store, particularly through word of mouth amongst sportspeople.


The presence of 5 bicycle stores in Caen city center indicates that the demand for bicycles is very high.

We have chosen to specialize in the niche segment of racing bikes, which is not yet served by any bike store within Caen. As a result, we expect moderate competition with the other bicycle shops that offer and target customers and products that are very different from ours.

We have identified several indirect competitors for our bike store:

  • Online sales
  • Big supermarkets
  • Sports shop chains

Online sales generally offer a wide selection of bikes and accessories, however, this distribution channel does not allow the customer to try the product before buying it or to benefit from the personalized advice of a salesperson.

While the experienced cyclist may be also able to go online to shop and find a cheaper part or product, he or she will still be looking for a trusted bicycle mechanic to service the bike or advice on how to do it himself.

Supermarkets generally focus on the mid/low end of the range and do not sell racing bikes, as well as sports store chains that often have a very limited choice in racing bikes.

The level of competition with our store, therefore, varies depending on the type of indirect competitor. Nevertheless, we believe that our positioning in a niche segment gives us an advantage.

Key Figures

We expect to be profitable in our first year of operation. We expect to achieve sales of 281 750 € and EBITDA of 7 341 € (or 2,61 % margin) for the year.

We believe that the customer loyalty actions planned in our marketing plan, in addition to word of mouth, will allow us to continue to develop our business in years 2 and 3.

We expect a 6,94 % increase in sales in year 2, amounting to 301 300 € with an EBITDA of 17 395 € (or 5,77 % margin).

In year 3, we expect to achieve sales of 325 070 € (or 7,89 % growth), with EBITDA of 26 050 € (or 8,01 % margin).

The improvement in EBITDA margin in years 2 and 3 will come from a better absorption of fixed costs as a result of sales growth.

We expect our cash flow to be positive over the entire plan.

The cash flow generated by the company should cover loan repayments, while keeping sufficient headroom to maintain our equipment and deal with any contingencies.

The opening of our A Bicyclette store requires an initial investment of €75,000.

The associates have planned to contribute €30,000, i.e. 40% of the total amount, and we would like to obtain a loan of €45,000 to finance the rest of the sum.

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Bike Shop Business Plan: Forging a Strategic Path to Success

  • by Iskouhie Poladian
  • December 19, 2023

bike shop business plan

In the biking realm, where trends continuously evolve and customer demands shift, having a clear plan of action for your business is really important. This guide on an electric bike business plan illuminates the steps and tools crucial to ensure profitability, sustainability, and success in the cycling industry. Ensure you’re well-prepared for the journey ahead.

Significance of a Well-Structured Bike Shop Business Plan in the Industry and Its Role in Guiding Success

In the ever-evolving world of entrepreneurship, the significance of a well-structured bike shop business plan cannot be overstated.  The World Bank’s Entrepreneurship Survey and database  underscores the rapid emergence of new businesses year after year. However, the harsh reality is that only a fraction of these enterprises stand the test of time.

One of the main reasons cited across various studies is the “ lack of business planning .” Launching a business without a plan is like taking a long journey in a dense forest without a map. 

Considering the bicycle industry, which thrives on innovation, adaptability, and ever-shifting consumer demands, having a solid business plan becomes even more imperative. A business plan serves as a guiding light, illuminating the path forward, enabling bike shop owners to:

  • Set Clear Objectives

A comprehensive business plan establishes clear objectives, providing both short-term and long-term direction. This foresight is crucial in industries like biking, which might face  seasonal demands  or trends.

  • Optimize Resource Allocation

Bike shops, like all businesses, don’t have infinite resources. A well-structured business plan ensures  optimal resource allocation , be it for inventory management,  marketing campaigns , or staff recruitment.

  • Enhance Viability

For bike shops, translating a concept into reality might mean launching a new product line or diversifying into bike maintenance and services. A business plan serves as a blueprint for such initiatives.

  • Facilitate Decision-making

When faced with challenges like choosing the right supplier,  determining pricing strategies , or selecting an ideal shop location, a business plan provides invaluable insights, helping in informed decision-making.

  • Attract Investors

As the biking industry continues to evolve, opportunities for expansion or diversification can arise. A robust business plan can woo potential investors, showcasing the shop’s vision, profitability, and prospects.

Studies by renowned institutions and researchers, including  Kraus and Schwarz  and  Chwolka and Raith  have reinforced the value of meticulous planning in  driving business success . For instance, pre-start-up planning has been linked to superior business performance. 

Moreover, the mere perception of business planning’s value can boost entrepreneur motivation, clarify goals, and ensure effective resource allocation.

Analyzing Market Trends and Customer Preferences

Analyzing market trends, customer preferences, and competition is vital in the biking industry. Why? The biking landscape is dynamic, with ever-evolving trends and shifting  consumer priorities , making a thorough market analysis indispensable. Just imagine navigating without a roadmap. Would you succeed? Probably not. 

Similarly, without an understanding of your customers, you’re pedaling in the dark. Are your bikers the adrenaline-seeking professionals or the leisure weekend riders? What’s their spending comfort zone? These insights will empower you to refine your product lines and sharpen your marketing tactics. So if you’re looking into how to start a bike shop, these considerations are fundamental.

Now, let’s switch gears to competition. In the expansive biking field, understanding competitors isn’t just beneficial – it’s essential. It’s not just about knowing who they are; it’s about delving into their  core strengths and vulnerabilities . Maybe one competitor shines with sleek designs, another with unbeatable performance, or perhaps one offers unmatched after-sales support. 

A SWOT analysis here can illuminate paths less traveled, highlighting potential business accelerators. Any business plan for a bike shop would stress the importance of such competitor understanding.

Lastly, staying in the lead means spotting  emerging trends . Be it avant-garde bike designs, breakthrough technologies, or the surge towards green and sustainable cycles, the biking industry is ever-pivoting so your electric bike business plan should not fall behind. By regularly updating market analyses, businesses can not only keep pace but potentially set the pace, driving the industry forward.

ebike form

Focus on Your Unique Selling Proposition (USP)

After delving into market trends, customer inclinations, and sizing up the competition in the biking industry, the crucial next step in your business plan for bike shop is defining your Unique Selling Proposition (USP). But  what exactly is a USP ? It’s the golden thread that differentiates your offerings, making them not just products or services but distinct solutions that cater specifically to your target market.

A USP is more than just a marketing buzzword; it’s the backbone of your brand’s value proposition. It narrows down the essence of what makes your bike shop stand out amidst a sea of competitors. If you’re wondering how to start a bike shop, understanding the importance of a well-defined USP becomes your beacon, directing customers precisely to what they’ve been searching for.

To illustrate the power of an impactful USP, consider these renowned brands:

Patagonia asserts, “We’re In Business to Save Our Home Planet.” This is not merely about apparel but a commitment to a higher purpose.

Tiffany & Co. elegantly states, “The right one is worth waiting for.” This positions their products as more than just jewelry – they’re lifelong treasures.

Best Buy confidently challenges with, “Find a lower price and we’ll match it,” underscoring their unrivaled value proposition.

Think about your USP when drafting your electric bike business plan. Maybe your USP revolves around providing the most sustainable biking solutions or guaranteeing the widest range of electric bikes. It’s vital to remember that it’s not about  being everything to everyone  but being the perfect solution for someone. 

Your bikes, accessories, and services are undoubtedly crucial, but it’s your USP that will carve out a distinctive space for you in the market. Make it compelling, make it resonate, and most importantly, make it genuinely represent what your bike shop stands for.

The Importance of Branding for Your Ebike Business 

Branding and positioning form the very foundation upon which successful bike shops are built. These elements answer the vital questions: 

  • Who are you in the market? 
  • What do you represent? 
  • Why should consumers choose you over others? 

Given the biking industry’s vibrant competition and the ever-evolving tastes of cyclists, establishing a strong, unique brand is non-negotiable.

Branding is the culmination of efforts to craft a distinct  image and perception  for your bike shop in the minds of consumers. It’s more than just a name, logo, or color scheme. It’s the emotional and psychological relationship you establish with your customers.

Positioning Your Bike Shop Right

Positioning  is an instrumental facet of branding. It refers to the unique spot you aspire to occupy in the consumer’s mind, determined through a strategic brand positioning approach. Why is this so important? Because it’s what sets you apart in the market.

Consider this : In an age where consumers are overwhelmed with choices, they crave simplicity. Your brand positioning clarifies their options. Instead of being another bike shop among hundreds, effective branding and positioning make you THE bike shop for a specific set of cyclists. They ensure you’re  not  just selling bicycles, but an experience, a solution, and a promise.

Within the vast spectrum of the bicycle industry, several brands have skillfully articulated their unique positioning, creating lasting impressions. Take, for instance, Brompton Bicycles, the archetype of  urban efficiency  with its signature foldable design catering to city commuters. 

Then there’s Trek Bicycles, championing environmental responsibility with their “One World, Two Wheels” campaign, underscoring the eco-benefits of cycling. 

Brands like Specialized Bicycles resonate with enthusiasts, emphasizing technological advancements and top-tier design, while Canyon Bicycles brilliantly leverage its direct-to-consumer model to offer premium bikes at unbeatable value. 

On the  innovative  front, Peloton seamlessly merges fitness with technology, selling not just a stationary bike but an immersive lifestyle experience. Lastly, VanMoof has revolutionized urban e-biking, integrating cutting-edge anti-theft technology, and positioning itself as the essential urban e-bike solution. 

These examples vividly illustrate how distinctive positioning can illuminate a brand in a densely packed market.

In a nutshell, if you’re trying to figure out  how to start a bike shop , remember this: A business plan for bike shop without clear branding and positioning is like a bicycle without a direction – you may move, but you’ll lack purpose and destination.

How to Market Your Ebike Business

Talking about  marketing channels . They function as the veins and arteries of your bike shop’s promotional campaigns, ensuring that your brand message and offerings reach the intended audience. 

Initially, marketing was largely limited to traditional pathways like billboards. However, the digital age has dramatically transformed this landscape as well. Nowadays marketing channels are a diverse blend of digital and traditional mediums, from SEO, content marketing, and influencer partnerships to conventional print and mass media promotions. 

The choice of channel hinges on factors like  target demographics , budget, and the nature of the message. The correct blend ensures not only brand visibility but also a deeper connection with potential customers, nurturing leads, and fostering brand loyalty. 

As the bike market becomes increasingly digital, understanding and leveraging these channels is as vital as the wheels on a bicycle. They ensure that your brand message travels swiftly and effectively to those who need to hear it.

Setting the Best Pricing Strategy

Pricing can make or break your bike shop business. Set your rate too low, and you’re just gifting profit away. Swing too high, and you’ll watch potential hallmark sales slip right past. The sweet spot in pricing? It’s all about  finding that strategy  that fits like a glove to your company’s narrative.

Understand this: a customer’s willingness to part with their money isn’t about  your  costs. It’s tied to how much they value what they’re getting. 

Dive into the  five strategies : cost-plus pricing has you tallying costs and adding a neat markup. Competitive pricing? It’s a game of keeping an eye on the competition’s tag. Price skimming starts high and mellows as time ticks, while penetration pricing is all about entering with a bang with low prices and then tuning it up. And then there’s value-based pricing, setting your price to the beat of the  customer’s perceived value .

Pricing is less a math problem and more an art. When you peg that price, it’s not about what you want, but what your customer sees. They have this mental range—a floor, where your costs lie, and a ceiling, their value threshold. Find that comfortable middle where they nod in agreement.

When steering towards that middle, think about operational expenses, stock levels, delivery fees, market whims, your unique edge, and how the customer feels about your price. After all, picking the right pricing strategy is more than crunching numbers—it’s about  resonating  with your market’s heart and soul.

Bike Shop Business Plan: Sales

A sales plan, distinct from the overarching business plan, forms the execution blueprint for your sales ambitions. It carefully charts out the strategies and actions to realize the revenue objectives you’ve set. 

By emphasizing realistic targets, tracking tools, future anticipations, commission frameworks, and pertinent training modules, it provides an  essential framework  for the sales team. 

Essentially, while a business plan for bike shop articulates the ‘what’, the sales plan explains  how  to start a bike shop that’s profitable. It elucidates the steps the sales department will adopt to realize broader company goals. 

For instance, if your business plan aims to sell a thousand e-bikes within the first year, the sales plan outlines the steps to achieve this goal. Being a critical tool, it not only helps in driving sales but also helps in risk assessment. The sales plan is essential in ensuring the growth of an organization and aligning the sales representatives with the  company’s priorities .

Sales Tactics, Promotions, and Customer Retention Strategies

For a thriving bike shop, it’s imperative to have an effective sales strategy. Begin with  Consultative Selling . Consider every customer as unique and centralize your selling approach around their needs. Initiate conversations with basic questions like “Where do you live?” or “Where do you work?” This not only  builds rapport  but provides clues about their lifestyle

Dive deeper by asking about their biking goals, their current bike’s limitations, or any specific adventures they’ve envisioned.

Next, implement a Three-Step Consultation. 

  • First, initiate with open-ended questions. 
  • Then, engage in a deeper consultation, inquiring about their biking preferences, needs, and any concerns. 
  • Lastly, based on the insights gathered, walk them through a curated selection of bikes and accessories that align with their needs.

An emotional connection can also boost sales. Sell the experience, not just the bike. If someone is eyeing a commuter bike, share stories of others who’ve taken similar models on extraordinary journeys, tapping into the aspirational aspect of the purchase.

Moreover, always have a consistent  Upselling Strategy . While selling a primary product, like a bike, be ready to recommend complementary items. If a customer is keen on a bike for nightly commuting, suggest dynamo lights or hi-vis gear. By tailoring your upselling based on the customer’s needs, it feels less like a sales pitch and more like genuine advice.

By integrating these tactics into your business plan for bike shop, you can provide valuable, personalized service, driving both sales and customer loyalty.

Sales Promotions

Sales promotions play an essential role in driving the commercial success of any venture, particularly when working on a business plan for a bike shop. Recognized as a part of the promotional mix, they have an intense focus on delivering immediate and compelling results:

Capturing Attention

In the broad market of bicycles, from traditional to electric bikes, sales promotions act as your torch. They instantly increase your product’s exposure, ensuring your bikes stand out from the crowd.

Stimulating Demand

If you’re pondering on how to start a bike shop, know that promotions have the power to not just capture attention but also stimulate the desire for a purchase, nudging a customer to invest in a new bicycle.

Short-Term Sales Boost

Limited-time offers, when paired with a well-executed marketing campaign, create a sense of urgency. This strategy drives immediate sales and can also assist in offloading excess stock, be it mountain bikes, road bikes, or electric variants.

While sales promotions can be directed at either customers or trade entities like  distributors and retailers , the essence remains the same – providing an immediate value proposition to those involved in the bike industry.

Attracting New Customers

A standout deal on a new electric bike or a promotion on accessories can reel in someone who might have been unsure about upgrading their ride.

Encouraging Loyalty & Repeat Purchases

By offering exclusive deals to existing customers, such as those who’ve previously purchased from your shop, you’re reinforcing their decision to choose you over competitors.

Market Insights

Responses to promotions can offer valuable insights into customer preferences, from the type of bike they prefer to the accessories they find essential.

Reacting to Market Opportunities

Whether it’s gearing up for a biking season or launching a new line of electric bikes, promotions can be tailored to tap into these market trends.

Inventory Management

Got an excess of a particular bike model? Special promotions can ensure they’re sold faster, mitigating potential losses.

Customer Retention Strategies

While attracting new cycling enthusiasts is essential,  retaining  seasoned riders is equally, if not more, important. Customer retention in the bike world focuses on building and sustaining a loyal community of cyclists, ensuring they don’t pedal over to competitors.

Remember, a cyclist who’s satisfied with their purchase and the service they received not only remains loyal but often becomes an advocate driving more customers to your door.

The Financial Aspects of a Bike Shop Business Plan

Sales forecasts, revenue projections, cost estimation, and budget planning.

Riding ahead in the bike industry means knowing your numbers. Drawing insights from past sales data, shops and manufacturers alike can anticipate the demand for various bicycle models, accessories, and even repair services, tailoring their stock and offerings accordingly.

Revenue projections, on the other hand, delve deeper. By analyzing historical sales trends, coupled with an understanding of  current market dynamics  – from the rise of e-bikes to the latest cycling gear innovations – these projections will help your bike business gauge its potential earnings and adjust its strategies.

When launching a new bicycle model or introducing novel accessories, cost estimation comes into the spotlight. It involves a thorough  assessment of expenses and resources , ensuring that every facet of the project, from design to distribution, is financially feasible and aligned with the industry’s dynamics.

Not to forget, budget planning is the linchpin that holds everything together. For bike shops and manufacturers, budgets don’t just track revenues and expenses. They also offer invaluable insights, highlighting periods of peak sales (like summer months or holiday seasons), identifying investment opportunities (such as new tech or training programs), and ensuring your business plan for bike shop remains agile and adaptable in a competitive market.

Break-Even Analysis, Profit and Loss Statements and Cashflow Forecasts

Another critical tool in financial planning is the break-even analysis. This accounting method pinpoints the exact moment when your bike shop becomes profitable by offsetting production costs. In simpler terms, it answers how many bikes or services you need to sell before  surpassing overheads  and beginning to  make a profit . If you’re wondering how to start a bike shop, this is a fundamental concept to grasp.

To keep track of your company’s financial health, the profit and loss (P&L) statement is indispensable. Offering a summarized view of revenues, costs, and expenses over a certain period, the P&L statement stands alongside other essential reports like the balance sheet and cashflow statement, all of which are integral for businesses operating in a dynamic sector like the bike industry.

Lastly, predicting cash movement is crucial. Cashflow forecasting, or estimating the inflow and outflow of cash over a span, can be a short-term strategy for the upcoming 30 days, shedding light on immediate funding requirements or surpluses. For bike businesses, such forecasting ensures optimal financial management, facilitating smooth operations even in the face of unforeseen industry changes.

Navigating the complex landscape of the bike industry requires a decent business plan for bike shop. The significance of a detailed plan not only anchors a shop’s vision but also propels it to success amidst the ever-evolving entrepreneurial challenges.

bike service center business plan pdf

Iskouhie Poladian

Iskouhi is presently engaged in pursuing her Master's degree in Innovation and Entrepreneurship. Additionally, she derives great pleasure from composing articles on various innovative products and topics.

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Bike Rental Business Plan

JUL.05, 2023

Bike rental business plan

Bike rental businesses cater to individuals seeking bikes, such as tourists, commuters, students, and leisure riders. These enterprises can operate in various locations, but they are particularly popular in urban hubs, tourist hotspots, university campuses, and residential districts. The bike rental industry is an emerging sector attracting entrepreneurs who aim to meet the increasing demand for affordable and convenient transportation alternatives. A Bike Rental Business Plan is a pivotal component for such entrepreneurs.

Within this article, we will elaborate on the significance of a bike rental business plan, its necessity, and the process of crafting one. Furthermore, we will furnish you with a sample business plan template for bike rental that can serve as an inspiration for your own endeavor.

What is a Bike Rental Business Plan?

A bike rental business plan is a document that describes the goals, objectives, strategies, and projections for starting and operating a successful bike rental business. It provides entrepreneurs and investors with crucial information about your business, such as:

  • The type of bike rental service you will offer
  • The location of your bike rental business
  • Your target customer segment
  • Your rental rates
  • Your marketing strategies
  • Your organizational structure
  • Your management team
  • Your financial projections
  • Your operational milestones

Crafting an extensively researched and meticulously detailed business plan is of paramount importance to steer your bike rental business towards success. This endeavor will facilitate the attraction of lenders, investors, and partners who can contribute to the growth of your enterprise while maintaining discretion.

Why Do We Need a Bike Rental Business Plan Sample?

Writing a business plan can be challenging, especially if you’re preparing it for the first time. It requires detailed research and consideration of many factors. A bike rental business plan sample can give you a better idea of what to include in your own plan.

A sample bike rental business plan can help you:

  • Learn from the best practices of successful bike rental businesses.
  • Avoid common mistakes in writing a business plan.
  • Customize the sample plan to fit your specific needs.

If you’re seriously planning to start your own bike rental business, our team of experts at OGSCapital can help you. (Check our Car Rental Business Plan ) In the following sections, we share our sample bike rental business plan that you can use as a reference. This sample will help you save you time, effort, money and help you make informed decisions about your own business, and ensure that you are on the right track to success.

Executive Summary

The executive summary of a business plan provides an overview of a bike rental business. It includes information about the services offered, the target market, the management team, the financials, and the key success factors. The summary also highlights the main objectives and goals of the business.

Here is the executive summary of a bike rental business called “Velocity Bikes”.

Business Overview

Velocity Bikes is a bike rental business that offers high-quality bikes for rent to customers in California. Velocity Bikes offers different types of bikes such as city bikes, premium bikes, electric bikes, and mountain bikes, as well as bike accessories like helmets, locks, baskets, lights, and maps. Velocity Bikes operates from a strategic location near Disneyland Park, one of the most popular tourist attractions in California where customers can easily access the bikes and enjoy the scenic routes and attractions.

Velocity Bikes will offer the following services to its customers:

  • Bike Rental – Rent bikes for hourly, daily, weekly, or monthly periods. Velocity Bikes offer a variety of bikes, including city bikes, mountain bikes, electric bikes, premium bikes, and vintage bikes.
  • Bike Maintenance and Repair – During your rental period, Velocity Bikes offer a nominal fee for bike maintenance service, which includes checking the brakes, tires, gears, chain, and lights. They will also provide roadside assistance in case of any breakdown or accident.
  • Bike Tours – Take guided bike tours of California’s best sights and attractions with experienced and friendly guides who provide information and tips on local culture and history.
  • Online Booking and Delivery – Book bikes online through Velocity Bikes’ website or mobile app. Choose to have the bikes delivered to your hotel or preferred location, or pick them up from the shop.
  • Accessories and Gear – Optional accessories and gear are available for rent, such as helmets, gloves, jackets, panniers, locks, maps, and guides. A small fee is charged per accessory or gear per hour.

Customer Focus

Velocity Bikes serves customers who want to explore California affordably and eco-friendly. Velocity Bikes targets the following customer segments:

  • Tourists – Visitors who come to California for leisure or vacation are one of Velocity Bikes’ main customer segments.
  • Commuters – Local residents who use bikes to get to work, school, or other places are another customer segment.
  • Students – Young people who study at colleges or universities in California and need bikes for academic or recreational activities are also a target customer.
  • Recreational riders – People who ride bikes for fitness or enjoyment purposes and need bikes that are suitable for different terrains and challenges are another target customer.

Management Team

Velocity Bikes is owned and managed by Bailey Howell, who has 15 years of experience in the bike rental industry. Bailey is responsible for the overall strategy, operations, marketing, and finance of the business. He is supported by a team of 30 staff members who perform the following roles:

  • Bike rental manager – Responsible for managing the bike rental operations, including booking, delivery, maintenance, and inventory.
  • Bike tour guide – Responsible for leading the bike tours, providing information and tips to customers, and ensuring their safety and satisfaction.
  • Bike mechanic – Responsible for repairing and servicing the bikes, as well as ensuring their quality and performance.
  • Bike attendant – Responsible for assisting customers with their bike rental needs, such as choosing the right bike, fitting the accessories, and providing instructions and directions.

Success Factors

Velocity Bikes aims to achieve the following success factors in its bike rental business:

  • Customer satisfaction – To provide high-quality bikes and services that meet or exceed the expectations of its customers.
  • Competitive pricing – To offer competitive pricing that is affordable and attractive to its target market.
  • Convenient location – Operates from a convenient location in California, where customers can easily access the bikes and enjoy the scenic routes and attractions.
  • Marketing strategy – Implement an effective marketing strategy that includes online and offline channels, such as a website, social media, flyers, brochures, banners, and word-of-mouth.

Velocity Bikes expects to generate revenue from four main sources. The following table shows the projected revenue for the first three years of operation:

The main expenses for Velocity Bikes include rent, utilities, salaries, marketing, insurance, taxes, depreciation, and maintenance. The following table shows the projected expenses for the first three years of operation:

The following table shows the projected net income for the first three years of operation:

Company Overview

This section describes the key elements of your business concept, such as what is your bike rental business, who is your bike rental business, and what is your bike rental business history. (Check our Charter Bus Business Plan for better understanding)

Who is Velocity Bikes?

Velocity Bikes is a bike rental business in California that rents bikes to customers. Tourists rent bikes for a few hours to tour the neighborhood recreationally. College students and daily commuters also rent bikes for practical reasons. In addition to bike rentals, Velocity Bikes also offers bike delivery, bike tours, bike maintenance, and loyalty programs. These additional services meet or exceed the expectations of customers.

Velocity Bikes History

Velocity Bikes was founded in 2022 by Bailey Howell, who has a passion for bikes and 15 years of experience in the bike rental business. Bailey wanted to provide a memorable and enjoyable bike rental experience for customers.

The business started with 5 bikes and has since grown to 150 bikes and a larger store in the downtown area. Bailey is supported by a team of professional staff who perform various roles, such as bike rental manager, bike tour guide, bike mechanic, and bike attendant. The staff members are trained and skilled in their respective roles, and they share Bailey’s passion and vision for the business.

Industry Analysis

According to a report by Allied Market Research, the global bike rental market was valued at $2.1 billion in 2021, and is projected to reach $11.3 billion by 2031, growing at a CAGR of 18.5% from 2022 to 2031. The increase in bike rental industry is driven by several factors, such as:

  • The booming tourism industry – The travel and tourism sector in the United States is expected to generate $190.4 billion in revenue in 2023. This is projected to grow at an annual rate of 3.17% from 2023 to 2027. By 2032, the sector is expected to make up 9.2% of the entire US economy. (Source – Statista )
  • Rapid urbanization – By 2050, 87.4% of the US population is projected to live in urban areas. (Source – Statista )
  • Rapid digitalization – The demand for digital transformation is expected to reach US$ 2.3 Trillion in 2032, exhibiting a growth rate of 14.2%. (Source – Factmr )
  • Increasing adventure tourism – The global adventure tourism market was worth $366.7 billion in 2022. It is projected to reach $4.6 trillion by 2032, growing at a compound annual growth rate (CAGR) of 28.7% from 2023. (Source – Allied Market Research )

Customer Analysis

Demographic profile of target market.

The target market for Velocity Bikes consists of customers who are looking to rent a bike in California. The demographic profile of the target market is as follows:

  • Age: 18 to 65 years old
  • Gender: Male and female
  • Income: Low to high income
  • Education: High school to college degree
  • Occupation: Students, professionals, workers, retirees
  • Lifestyle: Active, adventurous, health-conscious, environmentally aware

Customer Segmentation

Velocity Bikes segments its target market into three main customer segments based on their purpose and motivation for renting bikes.

  • Tourists who visit California for leisure or vacation typically rent bikes for short-term durations, such as hourly or daily. They prefer city bikes or electric bikes that are easy and comfortable to ride.
  • Residents who live in California typically rent bikes for long-term durations, such as weekly or monthly. They prefer premium bikes or mountain bikes.
  • Students who study in California typically rent bikes for medium-term durations, such as daily or weekly. They prefer electric bikes or scooters that are fast and convenient.

Competitive Analysis

Direct and indirect competitors.

Some of the direct competitors of Velocity Bikes are:

  • Bounce – Bounce is a leading bike rental startup in the US, operating in 5 states including California. Its strengths include its large scale, low price, convenience, and use of technology. Its weaknesses include its dependence on scooters only, lack of customer service, and regulatory issues.
  • Vogo – Vogo is a prominent bike rental startup in the US, operating in California and two other states. Its strengths include strategic partnerships, a customer loyalty program, and safety features. Its weaknesses include limited scale, high price, and operational challenges.
  • Yuha – Yuha is a bike rental startup in the US that operates in 7 states, including California. Yuha’s strengths are its eco-friendly bikes, its focus on micro-mobility, and its social impact initiatives. Yuha’s weaknesses are its low speed, its limited range, and its availability in some areas.

Some of the indirect competitors of Velocity Bikes are:

  • Public transportation – Public transportation includes buses, trains, metros, and taxis that provide mass transit services to customers.
  • Private vehicles – Private vehicles include cars, bikes, and cycles that are owned by customers.
  • Other modes of transportation – Walking, cycling, skating, and the use of innovative devices, such as hoverboards, segways, or e-scooters, are all other modes of transportation.

Competitive Advantage

Velocity Bikes has the following competitive advantages over its competitors:

  • Quality – Offering high-quality bikes that are well-maintained and serviced regularly.
  • Variety – Offering a variety of bikes that suit different preferences and needs of its customers.
  • Convenience – Operating from a convenient location that is close to tourist attractions.
  • Customer service – Providing excellent customer service that is friendly, helpful, and responsive.

Marketing Plan

Promotions strategy.

Velocity Bikes uses a variety of online and offline channels to promote its business.

  • Website – Velocity Bikes has a user-friendly website that provides information about its services, prices, locations, testimonials, and contact details.
  • Social media – Velocity Bikes has a strong social media presence on platforms such as Facebook, Instagram, Twitter, and YouTube.
  • Flyers, brochures, banners – Velocity Bikes distributes flyers, brochures, and banners in strategic locations such as hotels, travel agencies, tourist organizations, campuses, and public places.
  • Word-of-mouth – Velocity Bikes relies on word-of-mouth marketing to spread the word about its bike rental business.

Velocity Bikes offers affordable and attractive pricing to its target market. They offer flexible payment options, including cash, credit card, and online payment. The pricing of bike rental services is based on the type and duration of the rental. (Check our Air Charter Business Plan for better understanding)

The following table shows the pricing of bike rental services:

The following table shows the pricing of bike delivery and bike tour services:

Operations Plan

Operation functions.

Velocity Bikes operates its bike rental business using the following functions:

  • Booking – Managing bookings from customers through the website, mobile app, or in-store.
  • Delivery – Delivering bikes to customers who request delivery service.
  • Maintenance – Repairing and servicing bikes to ensure their quality and performance.
  • Inventory – Tracking the number and status of bikes and accessories in stock.
  • Tours – Leading bike tours that cover the best sights and attractions in California.

Velocity Bikes has set the following milestones for its bike rental business:

  • Launch the website and mobile app by March 2023.
  • Acquire 150 bikes and accessories by May 2023.
  • Hire 50 staff members by July 2023.
  • Open the shop near Yosemite National Park by August 2023.
  • Reach 20,000 customers by October 2023.
  • Break even by December 2023.

Financial plan

Key revenue & costs.

The key revenue sources for Velocity Bikes are:

  • Bike rental fees
  • Bike tour fees
  • Bike repair
  • Accessories and Gear

The key costs for Velocity Bikes are:

  • Depreciation
  • Maintenance

Funding Requirements and Use of Funds

Velocity Bikes requires $100,000 of funding to expand its bike rental business. The funding will be used for:

  • Purchasing 20 bikes and accessories
  • Renting shop space near Yosemite National Park
  • Hiring staff members
  • Marketing the bike rental business
  • Obtaining permits and licenses
  • Paying insurance and taxes

Velocity Bikes plan to obtain funding from external sources, such as personal savings, bank loan, angel investor, or crowdfunding.

Key Assumptions

The financial projections for Velocity Bikes are based on the following key assumptions:

  • The average occupancy rate of bikes is 70%
  • The average rental duration of bikes is 4 hours
  • The average number of participants per bike tour is 10
  • The average length of bike tour is 3 hours
  • The growth rate of revenue is 20% per year
  • The growth rate of expenses is 10% per year

Sources of Funding for Bike Rental Business

  • Bank loan – Apply for a loan from a financial institution that offers loans for small businesses by providing a detailed business plan, financial projections, and collateral to secure the loan.
  • Angel investor – Find an individual or group of individuals who are willing to invest in the bike rental business in exchange for equity or ownership stake by pitching the business idea, market potential, and competitive advantage to the angel investor.
  • Crowdfunding – Raise money from a large number of people through an online platform, such as Kickstarter or Indiegogo by creating a campaign Velocity Bikes and offer rewards or incentives to the backers who support your campaign.

OGSCapital: The Best Consulting Company for Your Bike Rental Business Plan

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We hope this sample rental bike business plan has helped you. It shows the structure and format of a professional business plan and gives you some ideas on how to write your own. To write a high-quality and effective bike rental business plan, you need professional help from experts. OGSCapital is a leading provider of individual solutions for existing small/medium businesses and start-up projects.

We have been helping businesses attract $2.7 billion in financing for over a decade. Our team of experts will create a custom business plan for you, tailored to your specific needs. We conduct market research, prepare financial projections, and provide strategic advice. We offer other services, such as business continuity plans, pitch decks, due diligence, ICO whitepapers, ICO consulting, confidential information memorandums, private placement memorandum, feasibility studies, and more.

Jakub Babkins is a senior consultant who specializes in writing bike rental business plans. He has a degree in economics from Harvard University and has worked as a financial analyst, investment banker, and management consultant for leading firms. He has written more than 100 successful business plans for clients in various industries. (For example, Helicopter Business Plan ) You can trust Jakub Babkins and other OGSCapital consultants to write a high-quality and effective bike rental business plan for you. They will work with you closely throughout the process and help you turn your dream into reality.

The bike rental business plan cost depends on the complexity and scope of your project. You can get a free quote from us by filling out an online form on our website. Don’t hesitate to contact us today and get started on your bike rental business plan. We are here to support you and help you succeed.

Frequently Asked Questions

1. What is the target market for bike rental business?

The target market for bike rental business is customers who want to explore their destination on two wheels, such as tourists, residents, students, etc.

2. What are the advantages of bike rental schemes?

The advantages of bike rental schemes are convenience, accessibility, cost-effectiveness, health, fitness, recreation, eco-friendliness, and employment.

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Sample Bike Taxi Service Business Plan

Bike taxi business plan pdf sample.

One of the major problems in urban centers today is the problem of congestion, both human and vehicular congestion. Various governments have tried many methods to solve this menace. Some have succeeded up to a certain extent and some have failed woefully.

The bike Taxi is exactly what you think, a motorbike that can be used as a taxi. So basically bike Taxis are bikes which can be requested for just as one requests for a four-wheeler taxi (car taxi).  Bike Taxi’s help saves a lot of time as they are smaller and can maneuver around traffic easily.

Here is a sample business plan for starting a bike transport business.

There’s a lot of potential for bike Taxi in many urban centers. Here’s a Bike Taxi Sample Business Plan, if you are interested in going into a bike taxi business.

Business Name:  Alao Transport Co.

Executive Summary

Our Products and Services

Vision Statement

Mission Statement

Business Structure

Market Analysis

Sales and Marketing Strategy

Financial Plan

Competitive Advantage

Alao Transport Co is a new player in the transport sector the company is based in New Delhi India. We have seen a problem, which we can solve and make money in the process. Alao has gotten the required licenses from the government of New Dehli and India; therefore we are ready to start the business.

Alao is run by Mr. Gupta Singh, who has had many years of experience in the transport industry. He was the first manager for Uber when they came to India some years, back so he has the requisite skill and knowledge to do the job.

We offer a bike Taxi service majorly for the bigger cities of India. We are servicing New Delhi, Bombay, and Kolkata for now.

Our vision is to reduce the time, between when someone requests our Bike taxi and when it is finally gotten to a maximum of ten minutes. Also, we want to do all this at very affordable pricing.

Our goal is to help residents of large cities move around the city quickly and easier. This we hope to do by providing the cities with our two passengers and three passenger bike taxis.

The CEO of Alao Transport Co is Gupta Singh, he also sees to the day to day directing the business. The business is divided into three segments. The tech part, these are though who webmasters, our graphic designers, and those who ensure that our apps run seamlessly.

We have the administrative section, which comprises of the bookkeepers, human resource persons, and the likes of them. Finally are the customer care agents, who receive complaints, with Mr. Singh to oversee everything.

This business is an owner bike taxi business; this means that we don’t own any of the bikes.  We shall be partnering with people who own bikes in the city who have the time and are willing to use them as taxis. And for those who don’t have the time, we shall help them get riders, and of course, the money will be divided three ways.

India has a population of over 1billion people; this is more than the population of Africa, which is a continent. The majority of the population exists in the urban center, and this is where traffic congestion is felt most.

By situating a bike Taxi in these commercial hubs, we will be taking advantage of the population explosion. The transportation sector is a money-spinner, especially if you know that you are doing. And taking advantage of the high demand for quicker means of transport will make everything easier.

Our first point of call is social media adverts, and then Google and Bing adverts. Next will be strategically placed billboards, then we will be using handbills in high-density commercial districts of New Delhi. New Delhi is the city we shall be starting with first, before going into other cities.

To make people come onboard faster, we shall be giving out free rides to all our first-time customers for the next 1 year. And there will also be points that can be acquired when someone refers to a friend. Those points acquired can be exchanged for rides later after they have accumulated to a certain extent.

And we shall be wooing bike owners in New Dehli, wooing them with the options that they can make money. This is apart from the fact that they can do it at their convenience.

The business has kicked off, but it is not running at optimum capacity. A VC funding of $1.5 million is our goal.

But in the meantime, we shall take a loan of   Rs 500,000 from the bank to run the business.

We are the only Bike Taxi service in New Dehli, so we stand to make a lot of profit until others join us.

Starting a bike Taxi service is nothing difficult, however, it requires a lot of technical skills. This is a Bike Taxi Business plan, and it will give you an idea of what it entails to start up a bike Taxi service.

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  • Sample Electric Bike Business Plan

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Bicycle Courier Business Plan

Start your own bicycle courier business plan

The Two Wheeled Oracle

Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">.

Two Wheeled Oracle is a bicycle based courier service in Portland, Oregon, catering to law firms. The Oracle can transport documents as well as small parcels to clients, other law firms, as well as transport and file documents with the clerk of courts. Law firms will be the primary group of customers and the only one targeted, non law firm customers will be served as well, but will not be targeted.

The Oracle will offer reliability and industry insight to law firms, enabling it to provide superior service relative to the current service providers. This will allow the company to rapidly gain market share. Profitability will be reached by month nine, and revenue for year three will be very comfortable.

Bicycle courier business plan, executive summary chart image

1.1 Objectives

The objectives for the first three years of operation include:

  • To create a service-based company whose primary goal is to exceed customer’s expectations.
  • The utilization of The Oracle by at least 30 different law firms.
  • To increase the number of clients served by 20% per year through superior service.
  • To develop a profitable start-up business within the first year of operation.

1.2 Mission

Two Wheeled Oracle’s mission is to provide law firms with an environmentally friendly, expedient delivery service. We exist to attract and maintain customers.  When we adhere to this maxim, everything else will fall in to place. Our services will exceed the expectations of our customers.

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Company summary company overview ) is an overview of the most important points about your company—your history, management team, location, mission statement and legal structure.">.

The Oracle is a bicycle courier service that serves the downtown law firms of Portland, Oregon. The company offers a document delivery service for law firms; documents can be delivered to other law firms, to clients, or filed with the court. The company can offer a scheduled pick up as well as a spontaneous run. Within nine months the business will be profitable.

2.1 Company Ownership

The company will be an Oregon Corporation, owned entirely by Alwy Laate.

2.2 Start-up Summary

Two Wheeled Oracle will incur the following start-up costs:

  • Office furniture including: two desks, two chairs, and two file cabinets.
  • Two computer systems including a printer, CD-RW, and a broadband Internet connection.
  • Three phone lines.
  • Fax machine and copier.
  • Development of a website that allows delivery orders to be placed online and received every five minutes.
  • Legal fees for the incorporation of the business.
  • Nextel cellular phones to be used for communication between mobile units and the base. Nextel is used because it offers a two-way communication function, similar to a two-way radio, over cellular frequencies, but at a significantly reduced rate compared to standard cellular service. Nine handsets will be needed initially.
  • Messenger bags with company logo.

Bicycle courier business plan, company summary chart image

Two Wheeled Oracle will provide a bicycle messenger service that targets law firms. The service can be used to serve notice on a lawsuit, transport documents to a client or opposing counsel, or file a document with the court clerk. In addition to responding to immediate calls for delivery, The Oracle will set up a subscription basis with law firms for daily pick-up to file documents with the court clerk.

Although The Oracle will target law firms, the company will accept jobs from other companies/individuals that require a messenger service in downtown Portland, these jobs will be accepted but not solicited. The messenger service offers delivery times ranging from one to three hours. 

In addition to document delivery, small packages can be delivered. It is rare that a law firm needs to deliver packages, so this will generally apply to the ancillary business. The maximum dimensions for package delivery are 12x8x8.

Market Analysis Summary how to do a market analysis for your business plan.">

The Oracle will primarily be serving Portland-based law firms. This is a particularly attractive segment because law firms have a constant need for delivery services. Most firms are sending things consistently during the day. The Oracle will be able to set up contracts with firms to provide multiple scheduled pick-ups each day. 

The Oracle will also serve non law firm customers who are in need of a courier service. In addition to documents, the company can transport small parcels.

As a former practicing attorney, Alwy will be able to leverage his vast industry knowledge as well as his network of colleagues to gain market share.

4.1 Market Segmentation

Two Wheeled Oracle will service two distinct groups. The first group is the main group of customers: law firms. This will be the group that is targeted primarily. Law firms are constantly in need of document delivery, whether it is to clients, other law firms, or to the court. This regularity of needed delivery is the reason that law firms are targeted. Once a law firm has become a satisfied customer, it is likely that they will begin to increase their delivery needs. This then becomes a steady, high frequency, long-term customer. Law firms have constant delivery activity, many firms require pick-ups throughout the day and require dependability, which is one of The Oracle’s competitive advantages. 

The second customer group is assorted deliveries needed in the city. This could come from a wide variety of businesses that require delivery within the city.

Bicycle courier business plan, market analysis summary chart image

4.2 Target Market Segment Strategy

The Oracle will target it’s market through channels that all law firms typically see. The first is the Oregon Bar Journal. This is the newsletter that all practicing or bar accredited attorneys get. Advertisements will be placed in the journal to increase visibility of The Oracle. Additionally, there will be a yellow pages advertisement and brochures passed out.

This market will also be targeted through a networking scheme based on Alwy’s contacts that he made as a practicing attorney. Although Alwy no longer practices, he is still a member of the bar and maintains membership on several bar committees. Through his activity on the bar, as well as contact made during his practice, Alwy will leverage his network to create initial clients. This will not be difficult because a trust bond has already been formed with many different attorneys, and these attorneys will recognize that Alwy is keenly aware of the needs of attorneys in regards to delivery services. Because Alwy is aware of the attorney’s perspective, it will be easy for him to gain the trust of his former colleagues and sign them up as clients.

4.3 Service Business Analysis

There are approximately 20 different delivery services in the Portland area, a quarter of these are taxi services that also makes deliveries. The rest are courier or messenger services. Some use cars and a few use bicycles as the means of transportation. In general, the bicycle messengers are less expensive because they have lower overhead. In the heart of downtown, the bicycle messengers can be as fast or faster than the car-based courier services because of all the automobile traffic.

There are five different companies that target law firms by catering to their special needs. All of these are car-based services.  

The buying habits of law firms are based on price, convenience, and reliability. 

Strategy and Implementation Summary

The Oracle’s strategy for gaining market share will be based on it’s competitive advantages: reliability and industry knowledge. Reliability is very important to law firms and will make The Oracle very attractive. Additionally, Alwy’s industry knowledge will be helpful in convincing firms to try this company because it understands and caters to law firm’s needs.

Portland has been chosen as the headquarters for this service because it is an environmentally-friendly city. The citizens are interested in environmental health, and are welcoming to new businesses with the same doctrine. The Oracle is proud to be a messenger service on bikes, it is proud to help keep the environment safe and healthy in Oregon.

5.1 Competitive Edge

The Oracle has two competitive edges: reliability and industry insight. Reliability is a characteristic that is very important to law firms. The firms require reliability of delivery. Often the delivery of legal documents is critical. The Oracle achieves reliability through a redundant back-up system that always provides an alternative method of delivery if the specific bicycle messenger encounters difficulty. By having a back-up system, the company ensures that even if the primary messenger fails, there is a back-up ready to complete the delivery.

The second competitive advantage is industry insight. It is a true advantage for Alwy to have worked as an attorney for several years. This work gave him industry insight that is not replicable without actually doing the work. The insight is valuable because Alwy knows intimately what attorneys need in regards to document delivery. While other companies will gain some insight by serving the attorney market over time, it will not compare in breadth to Alwy’s.

5.2 Sales Strategy

Two Wheeled Oracle recognizes that it is difficult to break into many law firms and displace their current service provider and will offer a 20% discount for a months worth of services. While this is a bit of a hit in terms of profitability, it is only a short-term concern. The long-term gain is securing a repeat customer. 

In addition to this economic incentive, The Oracle will employ Alwy’s powers of persuasion when he is speaking with prospective clients and firms. He will directly target the company’s reliability and fool-proof back-up systems, as well as impress his recognition of the needs of his clients based on his own years of practicing law. He will use these two features to attract new clientele.

5.2.1 Sales Forecast

The first month will be used to set up the office and hire and train messengers. The second month will begin to see some sales activity. Sales will ramp up from month three on. There will be an incremental increase each month as more and more firms become aware of the services of the company. 

Bicycle courier business plan, strategy and implementation summary chart image

5.3 Milestones

The Oracle will have several milestones early on:

  • Business plan completion. This will be done as a roadmap for the organization. While we do not need a business plan to raise capital, it will be an indispensable tool for the ongoing performance and improvement of the company.
  • Set up office.
  • Hire and train staff.

Management Summary management summary will include information about who's on your team and why they're the right people for the job, as well as your future hiring plans.">

Alwy Laate, the founder and owner received his bachelor degree in philosophy from Washington & Jefferson College. During the summers, Alwy worked for a bicycle messenger service in Pittsburgh. Upon graduation, Alwy managed a bicycle shop, pursuing his interest in the bicycling industry. After two years of work in the bicycle industry Alwy was no longer challenged. In addition to a lack of challenge, Alwy was pressured by his parents, implicitly but forcefully, to achieve a graduate education. Alwy took the LSAT’s and moved to Oregon for Law School. 

During his first year of law school, Alwy was interested in law, however, was unsure about practicing law. He heard about the joint degree program that coupled with the law program, added an extra year (four total) to school, but also added an MBA. Intrigued by this, Alwy took the GMAT’s and entered the joint degree program. Alwy graduated with a JD/MBA and had to figure out what to do next. Alwy was intrigued by public interest law, so he worked for a large form in Portland that allowed associates to bill 20% of their required hours out to pro bono causes. Alwy chose environmental organizations. 

After three years of practicing law, enough was enough. There was no longer enjoyment in it and Alwy had to find a job that was enjoyable. He brainstormed a way to combine the business skills from his MBA, his networking contacts from his law practice, and his love of cycling. One day the business model of the Two Wheeled Oracle hit him and the rest, as they say, is history.

6.1 Personnel Plan

The Oracle will consist of Alwy completing HR functions, marketing functions, and general business management. The company will hire a full-time dispatcher and eight bicycle messengers. While bicycle messengers seem to be transient, the training of a new one is relatively quick and cheap, so if one leaves, he/she can be replaced quickly.

Financial Plan investor-ready personnel plan .">

The following sections will outline the important financial data.

7.1 Important Assumptions

The following table details important financial assumptions for The Oracle.

7.2 Break-even Analysis

The Break-even Analysis indicates what The Oracle will need to achieve in monthly revenue to reach their break-even point.

Bicycle courier business plan, financial plan chart image

7.3 Projected Profit and Loss

The following table will indicate projected profit and loss.

Bicycle courier business plan, financial plan chart image

7.4 Projected Cash Flow

The following chart and table will indicate projected cash flow.

Bicycle courier business plan, financial plan chart image

7.5 Projected Balance Sheet

The following table will indicate the projected balance sheet.

7.6 Business Ratios

The following table contains important business ratios from the courier services industry, SIC 4513, as determined by the Standard Industry Classification (SIC) Index.

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bike service center business plan pdf


  1. The Business Plan for Your Bicycle Shop

    bike service center business plan pdf

  2. Retail Bike Shop Business Plan

    bike service center business plan pdf

  3. Retail Bike Shop Business Plan

    bike service center business plan pdf

  4. Bicycle Shop Business Plan Template [Updated 2022]

    bike service center business plan pdf

  5. Bike shop business plan template

    bike service center business plan pdf

  6. Retail Bike Shop Business Plan

    bike service center business plan pdf


  1. # Musafir Jaane Wale

  2. Bike Lanes Increase Business

  3. different bike companies establish year #shorts #bike

  4. bike service center


  1. Bike Service Center Business Plan

    Bike Service Center Business Plan - How To Start & Profit Margin By Expert-Market - June 6, 2017 0 Being in the service provider business has the potential to be highly profitable, provided that you start your trade in a sector that is high in demand. Vehicle servicing is one such sector that is always in demand.

  2. How To Start a Bike Service Center?

    Visualize a Business Plan Like a conventional business plan, a two-wheeler service center business plan will have a lot of different sections. The financial investment is the first consideration when implementing this primary business concept. The acquisition is not high for any small business.

  3. Bicycle Shop Business Plan Template [Updated 2024]

    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.

  4. How to write a successful business plan for a bike shop

    A business plan is a document that will tell you, before opening your bike shop, whether or not it's a financially sound business idea. A bike shop owner has one main objective: to make a profit. Without a business plan, you'll have no concrete way of ensuring this - so it's a pretty big deal.

  5. PDF Bike Shop Business Plan Example

    Easy to use Business Plan Software Get started using a business plan template is always the fastest way to write your business plan, but as you know, you can't just fill in the blanks along with a template. You will need a collaborative tool that guides you on every step of your planning. Upmetrics can help.

  6. How to write a business plan for a bike repair shop?

    How to write a business plan for a bike repair shop? Why write a business plan for a bike repair shop? What information is needed to create a business plan for a bike repair shop? What goes in the financial forecast for a bike repair shop? What goes in the written part of a bike repair shop business plan?

  7. Bike Shop Business Plan: Building a Roadmap for Success

    29 Sep 2023 Facebook Twitter LinkedIn Embarking on the journey of opening a bike shop? This comprehensive guide will steer you through the essential components of a rock-solid business plan Hey there, aspiring bike shop owner! 🚴 First off, kudos to you for considering this rewarding venture.

  8. How to Write a Bike Shop Business Plan: Complete Guide

    Business overview: describe your business in detail, providing information about the business model (franchise vs. independent store) you intend to use and all the products (bikes, accessories, sportswear, etc.) and services (rental, repair, etc.) customers can find in your shop

  9. PDF Bikes that give back

    BUSINESS PLAN Bikes that give back Supporting homeless youth and our community through bikes, business, and relationships 3515 Chicago Avenue South ∙ Minneapolis, MN 55407 (612) 824-7581 (t) ∙ [email protected] www.fullcyclebikeshop.org https://www.facebook.com/fullcyclebikeshop www.twitter.com/fullcyclebike EXECUTIVE SUMMARY •

  10. Bike Shop Business Plan Template: A Step-By-Step Guide (2024)

    Download Template Create a Business Plan People pursue bike riding for several reasons. It can be for passion, for staying fit, or a hobby that helps you feel more connected to nature or feel happy. Whatever the reason, we all know that several people enjoy riding bikes regardless of their age.

  11. Bike shop business plan template

    Modelled on a complete business plan of a bike shop in Normandy, our template features both the financial forecast and the written part that presents the project, its team, the local market and the business strategy implemented by the management. Cast your eyes on this template to achieve a better understanding of what your bank and investors ...

  12. PDF Fort Collins Bike Share Business Plan

    The City of Fort Collins (the City) engaged Toole Design Group (TDG) to prepare a business plan for the possible implementation of a bike share system in Fort Collins, Colorado. The business plan follows over twenty years of bike lending programs in the and several recent studies that explored the feasibility of City introducing an

  13. Samples and Examples

    BUSINESS PLAN Prepared June 2017 CONTACT INFORMATION Garrett McKenzie 488 East 11th Avenue, Suite 220 ... Garrett's Bike Shop is a full-service specialized bicycle shop. Our service offering includes, but is not limited to: • Free 30-day/100-mile tune up with every new bike sold. • Quick repairs for flat tires, broken chains, brake cables ...

  14. Bike Shop Business Plan: Forging a Strategic Path to Success

    This guide on an electric bike business plan illuminates the steps and tools crucial to ensure profitability, sustainability, and success in the cycling industry. Ensure you're well-prepared for the journey ahead. Significance of a Well-Structured Bike Shop Business Plan in the Industry and Its Role in Guiding Success

  15. PDF Two Wheeler Repairs & Service Unit

    PRODUCT & ITS APPLICATION: This is service oriented business requires experience of repairers and basic parameter is the quality, relibility and cost of services rendered by the unit. 3. DESIRED QUALIFICATIONS FOR PROMOTER:

  16. PDF King County Bike Share Business Plan

    There are steep hills in many of the proposed service areas, including downtown Seattle. The system will be designed to encourage routes with easier grades and the bikes will have more gears than bikes in other cities (seven gears rather than three). Electric-assist bikes were considered, but the additional capital, maintenance,

  17. PDF Electric Bike Business Plan for Hayden Island

    Revenue is estimated at $900/mo (summer) and $450/mo (winter), with a one year average around $600/mo or about $6,500 annually. Expenses: We estimate life expectancy of the $600 bike to be 4-6 months, although GPS tracking is expected to minimize loss.

  18. Bike Rental Business Plan with PDF Sample

    A bike rental business plan is a document that describes the goals, objectives, strategies, and projections for starting and operating a successful bike rental business. It provides entrepreneurs and investors with crucial information about your business, such as: The type of bike rental service you will offer

  19. Sample Business Plan: Bob's Rent-A-Bike

    617-385-9000 This business plan is confidential. Related: A Guide to Writing Your First Business Plan SUMMARY Business Concept We will be part of the large and growing bicycle rental industry. Our target market is summer visitors to Cape Cod, particularly central Cape Cod.

  20. Sample Bike Taxi Service Business Plan

    Here's a Bike Taxi Sample Business Plan, if you are interested in going into a bike taxi business. Business Name: Alao Transport Co. Executive Summary. Our Products and Services. Vision Statement. Mission Statement. Business Structure. Market Analysis. Sales and Marketing Strategy.

  21. Bicycle Courier Business Plan Example

    Company Summary. The Oracle is a bicycle courier service that serves the downtown law firms of Portland, Oregon. The company offers a document delivery service for law firms; documents can be delivered to other law firms, to clients, or filed with the court. The company can offer a scheduled pick up as well as a spontaneous run.

  22. (PDF) Business Plan for Motorcycle Delivery Business / Bike Delivery

    This comprehensive business plan covers the following; 1.0 Executive Summary 4 1.1 Business Vision, Mission and Goals 5 Business Vision 5 Our Mission 5 Our Product 5 2.0 The Business 7 2.1 ...

  23. City Code

    All sections of the City Code are in .pdf format and you will need Adobe Acrobat Reader to view them. The Code has been updated through December 5, 2023. ... Business Regulations. Chapter 01 - General Licenses (PDF) Chapter 02 - RESERVED (PDF) ... Chapter 02 - Bicycles, E-bikes, E-scooters, and E-boards (PDF) Chapter 03 - Bicycles REPEALED (PDF ...