Ride On Bikes has exclusive distribution agreements and a preferred location for university students. The remainder of the staff, which will be adequately trained in product knowledge and sales, will be responsible for ensuring customer satisfaction and achieving sales goals.
The students bike messenger business plan the shop will work together on student riding programs and events. In addition, Rick consults with some of his former business professors who taught him at Washington University.
Additionally, Ride On Bikes is very active in the bicycling community and offers weekly group rides and community-building activities. In bike messenger business plan nearby city of Lewiston there are two other bike shops, which concentrate on mountain bikes.
The company will also advertise in the student newspapers and promote events through the Activities Planning Board and area Chambers of Commerce. 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.
To determine the earning potential of a messenger service, consider the size of the business, start-up costs, average salary and employment outlook. In addition, with fuel prices increasing, more people have chosen bicycles for commuting to work and school.
The business will be debt free within five years. A Giant brand dealer is located across town. 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.
As the campus is relatively confined, with few students driving, most all students walk or ride bikes to and from class. This segment is made of year olds that are active and participate regularly in outdoor activities. This is a smaller shop and is inconvenient for the university students.
Locations will be selected where customer demand is high and exclusive distribution rights are available. Competition The BLS states that messenger services have limited advancement opportunities and have been strongly affected by the use of electronic correspondence and lack of consumer demand.
Other assets include tools, cash register, computer, retail displays and signage. Rather, the company focuses on the immediate needs of its customers and the ability to fulfill those needs rapidly. These factors will allow Ride On Bikes to overcome its competition.
None of these large retailers have service capabilities. This will be achieved on a monthly basis before the end of Year 1.
The shop also has certified mechanics to provide repairs and installations for customers. In addition to bike sales, the shop offers services, accessories and parts, which are installed by certified mechanics. 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. Biking hats and apparel are also available.
As the business grows, however, you may need to hire additional cyclists or office staff to answer calls and dispatch orders. The part-time staff will likely be university students who are looking to supplement their income by working at a fun store.
Other start-up costs to consider include office equipment, computers, website, marketing and advertising costs, business fees, taxes, legal or insurance expenses, phones, bicycles and messenger bags.
The owner has also formed several key partnerships with suppliers and industry experts that will ensure the long term success of the company. The remaining cash will be used for working capital for wages, rent, utilities and operational costs for the first year of business.
The company is solely owned by Rick Austin, a lifelong bicycle mechanic. 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.The business can be expanded to include multiple bike couriers with a central dispatch system.
Either way, this low-cost business venture is a sure-fire way to earn an excellent income and stay. A solid business plan will keep you focused and on track, and help you identify potential niches and areas of specialty.
If you look at all of the epic battles of history you would note one repetitive fact – the winning generals or leaders had decisive battle plans, and even secondary plans, in place long before the day of battle.
The Two Wheeled Oracle bicycle courier business plan executive summary. The Two Wheeled Oracle is a bicycle-based courier service catering to law firms/5(12). The Bike Messenger Business Plan is a comprehensive document that you can use for raising capital from a bank or an investor. This document has fully automated 3 year financials, complete industry research, and a fully automated table of contents.
Start-up Costs. A bicycle messenger service may be as small as a single-person operation. As the business grows, however, you may need to hire additional cyclists or office staff to answer calls.
Starting A Bike Messenger Service courier courier Limited Liability Co (LLC), Licenses, Business Permit, Tax IDs and or Fictitious Business Name Required To Start Your Own Business I.e., Start a courier business in Keene, NH.Download