Bike Rental Business

Bike Rental Business Success Stories [2024]

Pat Walls

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Updated: October 10th, 2024

A bike rental business involves providing bicycles to customers for a fee.

To start this business on a budget, first, you'll need to acquire a small fleet of bikes, which can be bought new or refurbished.

Find a convenient location to set up your rental station, such as a popular tourist spot, park, or near a busy urban area.

Create a simple pricing structure, set up a basic rental system (like paper forms or a simple online booking platform), and market your business through social media, local advertising, and word-of-mouth.

Offer safety instructions and basic maintenance tips to your customers, and consider providing optional extras like helmets or bike locks for an additional fee.

In this list, you'll find real-world bike rental business success stories and very profitable examples of starting a bike rental business that makes money.

Guillermo Cornejo, leveraging his background as a data analyst in the auto industry, founded Riders Share after crashing his motorcycle and discovering rentals cost a staggering $200/day. His platform now boasts 22,000 listed motorcycles and has raised $3.5 million in venture capital with over 120,000 registered users.

How much money it makes: $1.8M/year
How much did it cost to start: $1M
How many people on the team: 6

How I Built And Scaled The First Airbnb For Motorcycles

Riders Share, an online marketplace for motorcycle rentals, has generated over $3.5 million in venture capital since February 2018 with over 120,000 registered users and a margin of around 45%, proving it's possible to create successful businesses in niche markets.

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