Bicycle Repair Service
Startup Costs: $2,000 - $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? Yes
Online Operation? Yes
THE BRIEF:
A mechanically inclined entrepreneur with an interest in cycling can earn a great income repairing bicycles right from the comfort of a homebased workshop. In addition to big profit potential, there are many other advantages to operating a bicycle repair service, including low overhead, huge demand for the service in an ever-growing sport, and flexible full- or part-time hours. The key to marketing your services is to join bicycling clubs and organizations in your community, largely because members can become customers and refer other bicycling 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, advertising online in cycling forums or in your community newspaper and distributing fliers 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 any one of the thousands of bicycle repair shop owners who are now making a handsome profit from their business. You can earn $50 per hour or more, and additional profits can be made on parts sales." —Entrepreneur staff
What kind of experience do you need to have?
“Even if you are not experienced in bicycle repairs, there are a number of schools offering bicycle mechanic courses that take only a few weeks to complete, such as those offered by United Bicycle Institute in Oregon.” —Entrepreneur staff
What’s 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 that. Rent a storage unit and offer to store people's bicycles over the winter after you do a tune-up and any needed repairs on them. If you want to cater to the Tour de France wannabes, you can have business all year round. These road race riders are training through snow, sleet and dark of night. Some of them work on their own bicycles, but many of them don't, so you can get their business all year. And if you keep Saturday shop hours, you can be sure you will have a group of enthusiasts coming by to talk all things cycling." —Entrepreneur staff
The Market
Whether it's replacing a bicycle chain or fixing a flat tire, your business will serve anyone needing repair work done. Be sure to establish alliances with bicycling clubs and organizations in the community, as the membership of these clubs can become potential customers of the bicycle repair business.
Bicycle Repair Service Ideas
Graffiti Removal
Love your neighborhood? Keep it spic and span with a graffiti removal service.
Pest and Critter Control
If you don't get grossed out by creepy crawlies, help people get rid of them.
House Painting
Get out your old painting jeans and ladder to start a house painting business.
More from Business Ideas
At 24, She Was Fired From Her Advertising Job. Then an 'Incredibly Important' Mindset Helped Her Build a Multimillion-Dollar Business.
Melissa Ben-Ishay's brother Brian Bushell encouraged her to follow her passion — and it led to major success.
He Had $75 When He Immigrated to the U.S. as a Refugee. Then He Started a Business — and Grew It to $1.2 Billion.
Payam Zamani, founder, chairman and CEO of private equity firm One Planet Group, faced numerous challenges as an immigrant entrepreneur, but none of them deterred him from his vision.
After Being Laid Off, He Started a Side Hustle With Facebook. It Made Almost $3 Million Last Year: 'I Bought My Mom a $50,000 SUV.'
Carlos Ugalde, founder of House of Chingasos, didn't know anything about digital marketing — but he dove in anyway.