Business Overview

A pedicab business is a small, pedal-driven vehicle operated by a driver. Just as with taxi cabs, customers hire pedicabs to take them to a desired destination; however, pedicabs are better suited for short trips, as the cab's fuel is limited by the strength and endurance of the driver. Pedicab businesses provide a clean, quiet, alternative form of short distance transportation. They help ease traffic congestion during well-attended community events for both tourists and residents.

Who is this business right for?

This business is ideal for conservationists who want to help reduce carbon emissions. Active people who enjoy working outdoors and interacting with customers are particularly well-suited for it.

What happens during a typical day at a pedicab business?

The daily activities of a pedicab business owner can include:

  • Negotiating fares with individual customers
  • Bicycle repair and maintenance
  • Providing safe transportation to multiple destinations
  • Communicating with potential advertisers
  • Traveling to other cities for special events

What is the target market?

Preferred customers include anyone able to pay the fare. Those attending concerts and sporting events are often able to provide ample tips in addition to the regular fare.

How does a pedicab business make money?

Pedicab businesses make money by charging customers a fare for transportation. Many provide tours for residents and tourists. They also make money by contracting with businesses to use their vehicles for advertising goods and services.

What is the growth potential for a pedicab business?

There are many pedicab businesses so large that the main source of income is renting or leasing vehicles to independent operators.