Bicycle Repair - Business Idea

This is the perfect time to convert your bicycle repair knowledge into a profitable business. Start your bicycle repair business today and combine your bicycle enthusiasm with your business objective. Unleash your repair skills to earn a high ...
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This is the perfect time to convert your bicycle repair knowledge into a profitable business. Start your bicycle repair business today and combine your bicycle enthusiasm with your business objective. Unleash your repair skills to earn a high profit with a bicycle repair business idea. 

THE BUSINESS IDEA

A bicycle repair shop is a great and profitable business venture for individuals who are passionate about bicycles and have bike repair knowledge. Cycling is a famous sport in the world. bicycles are used by millions of people for sports, exercise, and transportation. In recent years, the demand for professional bike services has seen a surge. A bike repair shop offers refurbishing services for customers in case of any problem with their ride. 

Before starting the bicycle repair business, your financial and business objectives. Fix working hours and arrange all the tools required for mechanical services. The best option is to start this business from home garage. However, a mobile repair shop will enable you to cover a greater geographical area. High market competition is the major challenge of a bicycle repair business. Create a connection with local bicycling clubs and sport organizations in order to reach new customers. Spread the word out to your friends and family. Use local billboards to promote your business. Create your own business card, attend different meetings and list your business in cycling classifieds and newsletter. 

Once you have developed your reputation as a bicycle expert your business will grow in days. Market your bicycle repair business in different events such as cycling competition, bike safety shows, and bicycle festivals. Offer coupons and different discounts to retain old customers and attract new customers. Create
your own website and request customers to leave reviews about your services. You can also expand bicycle repair business by renting and selling refurbished bikes. 

YOUR MARKET

Your target market will consist of kids, youngsters, college/ university students and office going people.

  • Physical shop: Establish a repair shop in your local market, city center or locations nearby colleges and universities.
  • In-Home: Use your home garage to provide bike repair services. This option will save startup costs. Suitable as home business during COVID-19 pandemic.
  • Mobile repair shop: This decision will enable you to set flexible operating hours and cover more radius. You will be able to travel to customer location and service their bikes on site.
  • Website: Build a user-friendly website and book appointment online to target audience in your area. Besides, social media marketing strategies like Youtube video marketing and Facebook posts will greatly help in the expansion of your business. 
INVESTMENT

The startup cost for the bicycle repair business idea is medium. However, the profit potential is high as a bicycle repair shop is often marked up 100 % or more. Contact Business Titans to learn more about the potential revenues and costs to run this business.

THE KEY BENEFITS OF THIS PROJECT
  • A business with flexible working hours. You can start this business from home as a side business.
  • Equipment required for repairing are bought once having years to life expectancy.
  • You can earn extra income by offering new bikes or repaired bikes at a low price.
  • High market potential using smart marketing strategy.
  • Medium startup investment with high earning potential.


We offer 3 complementary services to support you in the implementation of this business idea:  

Service 1 | Pre-Studies 

Start your journey with one of our three Pre-Studies if you are not yet fully sure about your project:  

Option1. Project Pre-Study: You have a business idea or consider to import/export a new product, but you need a qualified second opinion? Business Titans checks your business idea or project for you and provides a detailed analysis on the opportunity, its risks, feasibility and profitability. 

Option2. Pre-Opening Plan: Do you need to get an overview of the detailed steps to implement your project? Entrepreneurs who wish to have on the operational level a sound overview of the steps they need to take to set up their new venture or product should look also into this option. 

Option3. Project Exposé: Do you need a professional presentation to introduce your project to a demanding audience? Successful entrepreneurs understand that the presentation of an idea is as important as the idea itself. The approach Business Titans is applying is to send always an appealing Exposé of the project before sharing further details. Only if there is a vivid interest that you feel among your audience, you should share confidential documents such as Pre-Studies, Business Plans, etc. 

Service 2 | Business Planning 

Option 1. Business Plan Consulting: You draft the Business Plan with our Guidance, we review and enhance the final version. Business Titans supports you to develop a Business Plan. You draft your own Business Plan with our guidance. A senior member of Business Titans will then finalize your draft with enhancements, research data, adapting the contents and forms according to the expectations of the final recipients, including banks, lending partners, equity partners, landlords, insurers and regulators. 

    Option 2. Business Plan Outsourcing: In this option, the entire process, including the development of the business model and Business Plan is handled by Business Titans. You will be first interviewed to understand your vision, resources and capacity.The rest will all be done by us and presented to you for the last minor adaptations. This version gets a Business Titans certification to be used for 3 years (as long as there will be no major changes on the Business Plan).

    Service 3 | Weekly Coaching 

    A Business Plan is (and should be) in a constant evolution. The more you get into your business environment, the more you are able to fine-tune it. However, the best Business Plan will not be more than a paper if you do not implement it in a disciplined and consistent way.

    • Option 1: Try-Out Session 
    • Option 2: 2-Weeks Package
    • Option 3: 4-Weeks Package 

    This is why Business Titans has extended its services with a Weekly Coaching dedicated for the step-by-step implementation of the Business Plan that we have developed together. 

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