Bike Shop Business

2 Bike Shop Business Success Stories [2024]

Pat Walls

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Updated: October 8th, 2024

Cycling enthusiasts, imagine turning your passion into a thriving venture. A bike shop business offers a blend of retail and repair services, catering to both everyday commuters and weekend warriors.

This business involves selling bicycles, accessories, and offering repair and maintenance services. You can attract a diverse clientele—families seeking children’s bikes, fitness buffs investing in high-end cycles, and casual riders needing tune-ups.

Starting a bike shop means initial investments in inventory and tools, and expertise in bike mechanics will be invaluable. Location matters; find a spot near popular biking routes or urban centers. Building a loyal customer base through quality service and community engagement can make your shop a go-to destination.

It's more demanding than some small businesses, but the rewards—both financial and personal—can be significant. If you’re passionate about biking and have a knack for customer service, this hands-on business could be your ride to success.

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

1. Area 13 Ebikes ($4.2M/year)

Kyle Chittock, the owner of Bolton Ebikes, came up with the idea for his business through his passion for riding bikes and tinkering with electronics. He realized that he could combine his hobbies by adding an electric motor to bicycles, and thus began his journey with Bolton Ebikes. The business has seen incredible growth, with a 500% year-over-year increase, all without any paid advertising. Kyle attributes much of his success to serving his customers and building trust through platforms like YouTube.

How much money it makes: $4.2M/year
How much did it cost to start: $200
How many people on the team: 6

How I Started A $350K/Month Electric Bikes Store

Bolton Ebikes has experienced 500% YoY growth, bringing in $350k per month in revenue, all without any paid advertising and primarily driven by YouTube videos; the founder emphasizes the importance of finding out who your customers are and serving them what they want.

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2. ESKUTE ($3.36M/year)

Alan Chen, founder of ESKUTE electric bike, came up with the idea during the COVID-19 pandemic when the demand for electric bikes soared. With a background in the electric bike battery field, Chen saw an opportunity to provide a safe and eco-friendly transportation method and started planning the project. Despite facing challenges and making mistakes along the way, ESKUTE has become profitable, with plans to expand production and open new stores across Europe.

How much money it makes: $3.36M/year
How much did it cost to start: $25K
How many people on the team: 60

We Launched An E-Bike Brand During The Pandemic And Now Make $280K/Month

ESKUTE started a successful electric bike brand during the pandemic, with a team of nearly 30 staff members, and now makes $280k per month with sales across Europe.

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