The following governmental uses of bicycles have been reported:
The company, operating from a 3, square foot building in prime location, is solely owned by a long time bicycle enthusiast, Rick Austin. 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.
The shop sells all types of bikes, from beach cruisers to mountain bikes.
In addition to bike sales, the shop offers services, accessories and parts, which are installed by certified mechanics. Biking hats and apparel are also available. As the exclusive dealer for four bike race business plan manufacturers, the company also markets to the surrounding population of overpeople in the Quad Cities area, which includes three other colleges.
In the area, there are three competing bike shops; however, none are able to offer the popular brands that are exclusive to Ride On Bikes. Washington University has a strong outdoor lifestyle culture.
The students and the shop will work together on student riding programs and events. The owner has also formed several key partnerships with suppliers and industry experts that will ensure the long term success of the company.
Rick has over 20 years of experience in the industry, as well as business education. Ride On Bikes also has two full-time certified mechanics on staff and a part-time sales force to assist with customer service. The company will maintain low overhead and minimal liabilities.
The business will be debt free within five years. The shop, which serves the large university population, caters to many different segments including: In addition to bike sales, the store has a full line of accessories, apparel and parts. The shop also has certified mechanics to provide repairs and installations for customers.
The company is solely owned by Rick Austin, a lifelong bicycle mechanic. Rick began riding and working on bikes at a young age, which began his love for the cycling community. 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. After relocating to the Pullman area to attend college for a business degree, Rick realized the need for a bike shop in the area.
The 3, square foot shop has over 1, square feet of retail space and square feet of service area. The remaining portion of the building is used for office space and inventory storage. Other assets include tools, cash register, computer, retail displays and signage.
Intangibles, such as experience, relationships and location will prove to be the most valuable components of Ride On Bikes. Bikes are available in many styles, including: In addition to bike sales, many accessories locks, racks, water bottles, etc.
Finally consumers can find a wide range of parts to fix or upgrade their bikes.Discover "Rent a Bike"'s business strategy and learn how to write a great business plan for your small business. Part 8 of 9 Bob Adams takes you through a sample business plan.
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