Electric bicycles, or e-bikes, might be just what you need. E-bikes bring a new sense of adventure to your bike business. While this form of transportation has been popular with millions of riders in Europe and China for years, they're just starting to gain traction in other countries. E-bikes can help you attract new customers who might not be able to enjoy traditional bikes due to their fitness level or areas of terrain.
The company, operating from a 3, square foot building in prime location, is solely owned by a long time bicycle enthusiast, Rick Austin. Austin has many years of experience in the retail bicycle industry, as well as a business degree from Washington State University, where the bike shop is located.
The shop sells all types of bikes, from beach cruisers to mountain bikes. In addition to bike sales, the shop offers services, accessories and parts, which are installed by certified mechanics. Biking hats and apparel are also available. As the exclusive dealer for four big manufacturers, the company also markets to the surrounding population of overpeople in the Quad Cities area, which includes three other colleges.
In the area, there are three competing bike shops; however, none are able to offer the popular brands that are exclusive to Ride On Bikes. Washington University has a strong outdoor lifestyle culture.
The students and the shop will work together on student riding programs and events. The owner has also formed several key partnerships with suppliers and industry experts that will ensure the long term success of the company.
Rick has over 20 years of experience in the industry, as well as business education. Ride On Bikes also has two full-time certified mechanics on staff and a part-time sales force to assist with customer service.
The company will maintain low overhead and minimal liabilities. The business will be debt free within five years. The shop, which serves the large university population, caters to many different segments including: In addition to bike sales, the store has a full line of accessories, apparel and parts.
The shop also has certified mechanics to provide repairs and installations for customers. The company is solely owned by Rick Austin, a lifelong bicycle mechanic. Rick began riding and working on bikes at a young age, which began his love for the cycling community. As a teenager he worked for a bike shop after school and during the summer, where he eventually became a certified bike mechanic.
Along with learning how to work on bikes, Rick made several key contacts with sales reps of various companies in the biking industry. After relocating to the Pullman area to attend college for a business degree, Rick realized the need for a bike shop in the area. The 3, square foot shop has over 1, square feet of retail space and square feet of service area.
The remaining portion of the building is used for office space and inventory storage. Other assets include tools, cash register, computer, retail displays and signage. Intangibles, such as experience, relationships and location will prove to be the most valuable components of Ride On Bikes.
Bikes are available in many styles, including: In addition to bike sales, many accessories locks, racks, water bottles, etc. Finally consumers can find a wide range of parts to fix or upgrade their bikes.
The service department has two full-time certified mechanics to help with any bike repairs and maintenance, including tune-ups, flat repairs, accessory installation and warranty repairs. All new bikes come with two free tune-ups to ensure the bike is functioning properly after purchase.
Ride On Bikes is also the only bike store in the area to regularly stock all disciplines of bikes, as well as a full array of accessories and parts. Additionally, Ride On Bikes is very active in the bicycling community and offers weekly group rides and community-building activities.
For competitive riders, the shop also offers discounts on products and services. A Giant brand dealer is located across town.
This is a smaller shop and is inconvenient for the university students. In the nearby city of Lewiston there are two other bike shops, which concentrate on mountain bikes. Ride On Bikes has exclusive distribution agreements and a preferred location for university students.
These factors will allow Ride On Bikes to overcome its competition.The amount of money you'll need to start a bike business depends on the scale of your plans. Ten thousand dollars will launch a very large operation, $5, an adequate one.
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Plan a fall getaway in Ontario and explore the Canadian Shield in resort and cottage country at a quieter time after the kids are back in school from the summer vacation.
The Regional Pedestrian and Bicycle Plan is a long-range planning document that describes our region’s vision for enhancing pedestrian and bicycle infrastructure within the eight-county Transportation Management Area (TMA).
The Party Bike is manufactured by Atek Customs.
Atek Customs is a professional fabrication company with many years of experience. We have led the way in this industry in style, safety and innovation. The business can easily be expanded from a one-person operation by purchasing multiple pedicabs and hiring drivers to operate them on a revenue-split basis.
Also, don't forget to sell the highly visible and valuable space on the .