Start-up costs: $ 2,000 – $ 10,000
Home: Can be operated from home.
Part time: Can be operated part time.
Deductibles available? No
Online operation? No
An entrepreneur who is passionate about mechanics and interested in cycling can earn a good income by repairing bikes from the comfort of a home workshop. In addition to the great profit potential, operating a bicycle repair service has many other benefits, including lower overhead costs, huge demand for the service in an ever-growing sport, and flexible hours at work. full time or part time. The key to marketing your services is to join cycling clubs and organizations in your community, in large part because members can become clients and refer other cycling enthusiasts to your business. You can also work on a contract basis for bicycle retailers to handle their overflow work during the busy season. Likewise, online advertising in cycling forums or in your community newspaper and distributing flyers detailing the services you provide can attract new business.
ASK THE PROS:
How Much Money Can You Make?
“How profitable can a bicycle repair service be? Just ask one of the thousands of bike repair shop owners who are now making a big profit from their business. You can earn $ 50 an hour or more, and additional profit can be made on parts sales.
What kind of experience do you need to have?
“Even if you are not experienced in repairing bikes, there are a number of schools offering bicycle mechanics courses that only take a few weeks, like those offered by the United Bicycle Institute in Oregon.” —Contractor staff
What is the most important thing to know about this business?
“In many parts of the country this business tends to be seasonal, but you can find ways around it. Rent a storage unit and offer to store people’s bikes over the winter after tune-up and necessary repairs. If you want to cater for Tour de France wannabes, you can have business all year round. These road race racers train in snow, sleet and the darkness of the night. Some of them work on their own bikes, but a lot of them don’t. t, so you can get their business year round. And if you keep the store’s opening hours on Saturdays, you can be sure that you will have a group of enthusiasts who will come and talk about all things cycling. “—Contractor staff
Whether it’s replacing a bike chain or fixing a flat tire, your business will serve anyone in need of repair work. Be sure to build alliances with cycling clubs and community organizations, as members of these clubs can become potential customers of the bicycle repair business.