A Sample Bicycle Shop Business Plan Template

 

bicycle business plan

BUSINESS PLAN Bikes that give back Supporting homeless youth and our community through bikes, business, and relationships homeless youth learn bicycle mechanics and basic business skills while gaining practical job experience. “I want to use my Full Cycle experience to business goals within the bike shop through proven. University Cycle Works retail bicycle shop business plan executive summary. University Cycle Works is bicycle specialty store, offering retail sales of new bicycles, parts and accessories, clothing, and maintenance and repair service. Creating a Business Plan Is Essential to Your Business. Writing a business plan is important, as it’s the foundation of any viable enterprise. Your business plan should be a living and breathing document that contains your goals and your plan for reaching them. So, let’s look at a sample business plan to help you get your business started!



Are you about starting a bicycle shop? Okay, so we have considered all the requirements for starting a bicycle shop. No doubt, there are businesses that someone with little schooling, little training and no serious business background bicycle business plan start. One of such businesses is to open a bicycle dealership and repair shop. The basic things you would need to have in place to make success from this type bicycle business plan business is technical training on how to fix bicycles, bicycle repair tool box, a good location, easy access to wholesale supply of bicycles and bicycle spare parts and good customer service skill.

Generally, if your shop is located in an bicycle business plan with good human and vehicular traffic, and you have stocked in your different types and sizes of bicycles from different brands, you may not have to struggle to get people to visit your shop and make purchase and repairs. So, bicycle business plan, if you have decided to open a bicycle dealership and repair shop, then you should ensure that you carry out feasibility studies and also market survey.

This will enable you properly locate the business in a good location and then hit the ground running. Business plan is yet another very important business document that you should not take for granted in the bid to launching your own business.

Below is a sample bicycle shop business plan template that can help you to successfully write your own with little or no difficulty, bicycle business plan. Players in the Bicycle Dealership and Repair Shops industry primarily sell new bicycles, bicycle parts and accessories. A good number of bicycle dealership shops also provide repair and maintenance services.

Despite the fact that revenue for the Bicycle Dealership and Repair industry has grown over the last half a decade, many bicycle dealers had difficulty staying in business during the period bicycle business plan recession. Bicycle business plan doubt, the industry has fared well overall as cycling has gained popularity for its health and environmental benefits, and as rising disposable income has encouraged consumer purchases. Nevertheless, despite rising consumer demand, external competition for bicycle sales from mass merchandisers, which can provide less expensive bicycles from low-cost brands, has steadily increased.

While this competition is expected to continue to temper sales somewhat over the next five years, bicycle business plan, as consumers earn higher incomes and are better able to afford luxury items like specialty bicycles, sales and profit for bicycle dealers are expected to grow. The Bicycle Dealership and Repair industry is indeed a thriving and profitable industry in most countries of the world. The industry is responsible for the employment of well over 84, people, bicycle business plan.

Experts project that the industry will grow at a 3. No establishment can boast of having the lion share of the available market in this industry, bicycle business plan. The industry is open for fair competition, bicycle business plan. The report stated that the industry is highly fragmented, and is made up of a large number of small independent dealerships conducting business from only one or two establishments.

The report further stated that over the past five years, industry concentration has remained low as operators are primarily single-location shops or niche stores that cater to specific demographics or categories. Going forward, the total number of enterprises has increased at an average annual rate of 2. Over and above, the Bicycle Dealership bicycle business plan Repair industry is a profitable industry and it is open for any aspiring bicycle business plan to come in and establish his or her business; you can choose to start on a small scale in a street corner or you can choose to start on a large scale with several outlets in key cities through the United States of America bicycle business plan Canada retailing quality bicycles from top brands.

We have been able to lease a facility that is big enough to fit into the design of the kind of standard bicycle dealership and repair shop that we intend launching and the facility is located in a corner piece facility in the center of the commercial hub in Little Rock — Arkansas. We are set to sell our products to a wide range of customers in and around Little Rock — Arkansas. We are aware that there are several large and small chains of bicycle dealership and repair shop outlets all around Little Rock — Arkansas, which is why we spent time and bicycle business plan to conduct a thorough feasibility studies and market survey so as to be well positioned to favorably compete with bicycle business plan our competitors.

We have an online — service option for our customers, and our outlet is well secured with various payments of options. We will ensure that we get our customers involved in the selection of tire brands that will be in our shops and also when making some business decisions. We bicycle business plan cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our customers.

Alfred Gordon has a B. Although the business is launching out with just one outlet bicycle business plan Little Rock — Arkansas, but there is a plan to open other outlets and sell franchise all around major cities in the United States and Canada, bicycle business plan. We are in the Bicycle Dealership and Repair Shop industry to make profits and we will ensure that we do all that is permitted by the law of the United States to achieve our aim and ambition of starting the business.

Our product and services offerings are listed below. Our vision is to become one of the leading brands in the bicycle dealership and repair shops industry in Arkansas and to establish a one stop bicycle dealership and repair shop in Little Rock — Arkansas and in other key cities in the United States of America and Canada, bicycle business plan.

Our mission is to establish a world — class bicycle dealership and repair shop business that will make available a wide range of bicycle and bicycle business plan from top bicycle manufacturing brands at affordable prices to the residence of Little Rock — Arkansas and other key cities in the United States of America and Canada where we intend opening of chains of bicycle dealership and repair shops and franchise, bicycle business plan.

We will make that we put the right structure in place that will support the kind of growth that we have in mind while setting up the business. We will ensure that we hire people that are qualified, honest, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders the owners, workforce, and customers.

As a matter of bicycle business plan, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of ten years or more.

In view of that, we have decided to hire qualified and competent hands to occupy the following positions. Our plan of starting with just one outlet of our bicycle dealership and repair shop in Little Rock — Arkansas is to test run the business for a period of 2 to 5 years to know if we will invest more money, expand the business and then open other chains of outlets all over major towns in Arkansas and key cities in the United States and Canada.

We are quite aware bicycle business plan there are several bicycle dealership and repair shops all over Little Rock — Arkansas and even in the same location where we intend locating ours, which is why we are following the due process of establishing a business. We know that if a proper SWOT analysis is conducted for our business, we bicycle business plan be able to position our business to maximize our strength, leverage on the opportunities that will be available to us, bicycle business plan, mitigate our risks and be welled equipped to confront our threats.

So also our team of highly qualify staff members is also a plus for us. The fact that we are going to be operating our bicycle dealership and repair shop in one of the busiest streets in Little Rock — Arkansas couple with the rising number of people bicycle business plan household switching to cycling as against driving provide us with unlimited opportunities to sell our bicycles to a large number of individuals and corporate organizations.

We have been able to conduct thorough feasibility studies and market survey and we know what our potential clients will be looking for when they visit our bicycle dealership and repair shop outlets; we are well positioned to take on the opportunities that will come our way. Just like any other business, one of the major threats that we are likely going to face is economic downturn.

Another threat that may likely confront us is the arrival of a new bicycle dealership and repair shop outlet in same location where ours is located, bicycle business plan. So also, unfavorable government policies may also pose a threat to businesses such as ours.

The Bicycle Dealership and Repair Shop Industry, just like most businesses in the retailing industry, bicycle business plan on strong consumer spending to spur the demand for industry products.

Over the last half a decade, the economy has begun recovering from recessionary declines with both the Consumer Confidence Index and disposable income increasing. Going forward, as the economy of the United States continues to recover and consumers are expected to loosen their discretionary budgets, the industry is anticipated to thrive. This is why raising disposable income, healthy lifestyle and climate change cum global warming will support demand for industry products and services.

Truly the industry has fared well overall as cycling has gained popularity for its health and environmental benefits, and as rising disposable income has encouraged consumer purchases. As part of marketing strategies, bicycle business plan, bicycle dealership and repair shops engage in massive clearance sales and discount sales to attract customers. It is a strategy that helps them welcome new customers and also reinforce the loyalty of old customers.

So also in the bid to maximize profits. Lastly, in recent time, bicycle business plan, the bicycle dealership and repair shops landscape has seen tremendous changes in the last 20 years; it has grown from the bicycle business plan outlets to a more organized and far reaching venture.

The introduction of franchise and online store makes it easier for bicycle dealership and repair shops to reach out to a larger market far beyond the areas where a physical bicycle dealership and repair shop is located. Possibly it will be safe to submit that the bicycle dealership and repair shops industry has a wide bicycle business plan of customers; every individual and corporate organization cyclist clubs who owns bicycles would at one point or the other call for repair and replacement of parts.

In view of that, we have positioned our bicycle dealership and repair shop to service the residence of Little Rock — Arkansas and every other location where franchise cum outlets of our bicycle dealership and repair shops will be located all over key cities in the United States of America and Canada.

We have conducted our market research and feasibility studies and we have ideas of what our target market would be expecting from us. We are in business to retail a wide range of new bicycles and bicycles spare parts and accessories to the following groups of people and corporate organizations. A close study of the bicycle dealership and repair shops industry reveals that the market has become bicycle business plan more intensely competitive over the bicycle business plan decade.

As a matter of fact, you have to be highly creative, bicycle business plan, customer centric and proactive if you must survive in this industry, bicycle business plan. We are aware of the stiffer competition and we are well prepared to compete favorably with other leading bicycle dealership and repair shops in Little Rock — Arkansas and throughout the United States and Canada. Our bicycle dealership and repair shop is located in a corner piece property on a busy road directly opposite one of the largest residential estates in Little Rock — Arkansas.

We have enough parking spaces that can accommodate well bicycle business plan 20 cars per time. One thing is certain; we will ensure that we have a wide range of new bicycle business plan and bicycle spare parts and accessories from leading manufacturers available in our shop at all times, bicycle business plan.

It will be difficult for customers to visit our shop and not see the type and size of bicycle they are looking for. Our excellent customer service culture, online store, various payment options and highly secured facility will serve as a competitive advantage for us. Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category startups bicycle dealership and repair shops in the industry meaning that they will be more than willing to build the business with us and help deliver our set goals and achieve all our aims and objectives.

We will also give good working conditions and commissions to freelance sales agents that we will recruit from time to time. We are in the bicycle dealership and repair shops industry to maximize profits and we are going to go all the way out to ensure that we achieve or business goals and objectives.

In essence, our source of income will be the retailing of a wide range of new bicycles and bicycle spare parts and accessories at affordable prices.

One thing is certain when it comes to bicycle dealership and repair shop business, if your shop is well stocked with various types of bicycles, bicycle spare parts and accessories from different brands and centrally positioned, bicycle business plan, you will always attract customers cum sales and that will sure translate to increase in revenue generation for the business.

We have been able to critically examine the Bicycle Dealership and Repair Shops Industry and we have analyzed our chances in the bicycle business plan and we have been able to come up with the following sales forecast, bicycle business plan. The sales projections are based on information gathered on the field and some assumptions that are peculiar to startups in Little Rock — Arkansas.

Please note that the above projection might be lower and at the same time it might be higher. We have detailed information and data that we were able to utilize to structure our business to attract the numbers of customers we want to attract per time, bicycle business plan. We hired experts who have good understanding of the bicycle dealership and repair shop industry to help us develop marketing strategies that will help us achieve our business goal of winning a larger percentage of the available market in Little Rock — Arkansas.

In other to continue to be in business and grow, bicycle business plan, we must continue to sell the bicycles, bicycle spare parts and accessories that are available in our store which is why we will go all out to empower or sales and marketing team to deliver.

Despite the fact that our shop is well located, we will still go ahead to intensify publicity for the business. We are going to explore all available means to promote bicycle business plan bicycle dealership and repair shop.

As a matter of fact, bicycle business plan, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand.

Aside from quality, pricing bicycle business plan one of the key factors that gives leverage to retailing business such as bicycle dealership and repair shops, bicycle business plan, it is normal for consumers to go to places bicycle dealership shop outlets where they can get bicycles, bicycle spare parts and accessories at cheaper price.

In view of the above, we have chosen banking platforms that will enable our client make payment for farm produces purchase without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for purchase of bicycles, bicycle spare parts and accessories and for repair and maintenance services, bicycle business plan.

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business, bicycle business plan.

The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices bicycle business plan be minimal and can be overlooked. As bicycle business plan the detailed cost analysis for starting a bicycle dealership and repair shop business; it might differ in other countries due to the value of their money, bicycle business plan.

Please note that this amount includes the salaries of all the staff for the first month of operation, bicycle business plan. They do not intend to welcome any external business partner which is why he has decided to restrict the sourcing of the start — up capital to 3 major sources. All the papers and document have been signed and submitted, the loan has been approved and any moment from now our account will be credited with the amount.

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure, bicycle business plan. We know that one of the ways of gaining approval and winning customers over is to retail our wide range of quality bicycles, bicycle spare parts and accessories a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of six years or more, bicycle business plan.

 

 

bicycle business plan

 

Sep 04,  · A first-rate business plan is job one for your startup bicycle rental business. If time is scarce, business plan software can be used to streamline the process. A business plan software solution is an effective tool for time-strapped bicycle rental business owners who understand the importance of a great business plan. University Cycle Works retail bicycle shop business plan executive summary. University Cycle Works is bicycle specialty store, offering retail sales of new bicycles, parts and accessories, clothing, and maintenance and repair service. BUSINESS PLAN Bikes that give back Supporting homeless youth and our community through bikes, business, and relationships homeless youth learn bicycle mechanics and basic business skills while gaining practical job experience. “I want to use my Full Cycle experience to business goals within the bike shop through proven.