Bicycle Shop Business Plan

Expand your educational efforts by developing a website for your store with additional tips as well as bike photos and ordering information.If your community lacks formal trail maps or a bicycle trail system, create your own map to point out bike-friendly areas in your region.He teaches American history at Carroll University in Waukesha, Wis.

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Create a business plan for your bike shop that addresses local competition as well as the infrastructure for biking in your city.

Assess the number of big-box retailers, sports suppliers and bike shops within an hour's drive to determine the level of competition for your business.

Keep a display model of every bike in your store on the floor while storing the rest in the back room or basement.

Join the National Bicycle Dealers Association (NBDA) to gain access to research and business advice for bike shop owners.

Quiz every applicant on bicycle brand knowledge to ensure that your staff is ready to sell from day one.

Devote wall space in your bike shop to trail maps, event posters and basic maintenance tips to educate your customers.The National Bicycle Dealers Association (NBDA) promotes the potential as well as the dangers of opening a bike shop in the United States.The number of bike shops has shrunk from about 8,000 stores in 1982 to 4,000 in 2013, reflecting the costs and challenges in this competitive industry.Post simple advertisements with coupons at colleges, gyms and other businesses in your community to increase exposure for your bike shop.Nicholas Katers has been a freelance writer since 2006.For those bike shops that are able to stay alive beyond the first year, the 16.2 million bicycles sold in 2013 and .8 billion in industry revenues are promising.Your bike shop may be able to survive if you keep popular bikes in stock and offer services unavailable at other shops.To set up a bicycle shop business, there are certain things that you should possess.Some of them are a bicycle repair toolbox, a great location, access to a cheap supply of bicycle parts, great customer service and a business plan sample.Focus on creative displays in your store window and floor space to promote high-end products in your inventory.Your store window can use colorful lettering, faux graffiti images and a fully outfitted cycling dummy to appeal visually to customers.

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