Business Overview

Cycling is a popular sport in the United States, with people regularly using bikes for fun, exercise, and transportation. In 2015 alone, 17.4 million bikes were sold in the country. As bikes are used, they occasionally break down -- and most people aren’t well-versed in repairing bicycles. A bike repair business fixes and refurbishes bikes for customers when their rides break down.

Who is this business right for?

Anyone mechanically inclined who is passionate about cycling may enjoy running a bike repair business. Enjoying the sport will help a business owner connect with their customers, and making repairs requires basic mechanical skills.

What happens during a typical day at a bike repair business?

Bike repair business owners spend a lot of time working on bicycles. This work includes:

  • Testing bikes to diagnose issues
  • Stripping bikes down
  • Checking and cleaning components
  • Repairing or replacing broken pieces
  • Rebuilding bikes

When not working on a bike, business owners spend time ordering parts, conversing with customers, and marketing their businesses.

What is the target market?

A bike repair business’ ideal customer is an avid cycler who doesn’t know how, or doesn’t want to take the time and effort, to repair their own bike. Such a customer will likely need repairs and maintenance fairly often, since they use their bike a lot, and they’ll be willing to pay for the work their bike requires.

How does a bike repair business make money?

A bike repair business makes money not only by fixing bicycles, but also selling used them at a discounted rate. Many shops choose to offer tune-ups for a flat fee, and charge more for additional repairs.

What is the growth potential for a bike repair business?

Many bike repair businesses are individual locations that serve the local cycling community, and a number are run by just one or two people. Some, however, grow beyond a local area, eventually becoming regional or national businesses. Bike Doctor in Maryland is an example of a regional bike repair chain, and Velofix is a national one.