Go Back  Bike Forums > Bike Forums > General Cycling Discussion
Reload this Page >

Help me start my new bike shop

Notices
General Cycling Discussion Have a cycling related question or comment that doesn't fit in one of the other specialty forums? Drop on in and post in here! When possible, please select the forum above that most fits your post!

Help me start my new bike shop

Old 10-21-09, 04:10 PM
  #1  
PlatyPius
Arsehole
Thread Starter
 
PlatyPius's Avatar
 
Join Date: Jul 2008
Posts: 2,280
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Help me start my new bike shop

nm

Last edited by PlatyPius; 01-30-10 at 01:13 AM.
PlatyPius is offline  
Old 10-21-09, 04:35 PM
  #2  
vec
Senior Member
 
Join Date: Jul 2009
Posts: 64
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
maybe it's just me, but i think i would like to see a bigass window showing some bikes if i were a customer. else, i might think it is a bit... shady? many of the bike shops i've been to are like that, so i might have a skewed pov. just me 2cent. gl man
vec is offline  
Old 10-21-09, 04:38 PM
  #3  
njkayaker
Senior Member
 
Join Date: Sep 2007
Posts: 11,991
Mentioned: 25 Post(s)
Tagged: 0 Thread(s)
Quoted: 2458 Post(s)
Liked 350 Times in 251 Posts
Originally Posted by PlatyPius View Post
DePauw is very interested in helping me get a shop started.
What kind of help are they providing?

Originally Posted by PlatyPius View Post
DePauw has a cycling team, plus they have Little 5 (their version of the Little 500 at IU). We have a rail-trail and other branches that lead to all of the schools here in town (existing or proposed). We will eventually, when it's completed, be on the National Road Heritage Trail, which will cross the state.
How many people are on the team? I think it make sense to support them (for exposure/advertising) but they probably won't be a big source of income for you.

Originally Posted by PlatyPius View Post
I'm looking at retail space on Monday. It isn't an ideal spot, but it's close to campus, near a bar (w00t!), on the same street as the DePauw Nature Park, and is only $350/month, utilities included. I'll also get the first few months free, so I can get established. There's also a bed and breakfast 5 feet from the door, so I think it's a foregone conclusion that I'll rent bikes. The catch is, it's in a basement, and accessible via 4 steps down a somewhat narrow 'alley".
How much does better retail space cost? The location won't exactly attract people and it will annoy people getting bicycles in and out of the place.

Originally Posted by PlatyPius View Post
I'm still deciding on what primary bike brand to carry. There's a possibility that DePauw freshmen will all get Kona Africa Project bikes as part of tuition.
Would they be buying these bikes through you? Kona seems to provide good value for the money. Jamis too.

Originally Posted by PlatyPius View Post
There are only 2 bike shops in Terre Haute, and they both suck.
How big is Terre Haute? How well do these two shops do there? College students are cheap and many may already have bicycles. If people drive to Terre Haute, some people also drive to Indianapolis.

I'd suggest looking at how well "near-by" bicycle shops in a similar or worse situation are doing.

Last edited by njkayaker; 10-21-09 at 04:53 PM.
njkayaker is offline  
Old 10-21-09, 04:43 PM
  #4  
10 Wheels
Galveston County Texas
 
10 Wheels's Avatar
 
Join Date: Nov 2007
Location: In The Wind
Posts: 31,503

Bikes: 2010 Catrike Expedition, 02 GTO, 2011 Magnum

Mentioned: 16 Post(s)
Tagged: 0 Thread(s)
Quoted: 856 Post(s)
Liked 275 Times in 137 Posts
Location means everything for a business.
Kroger Food Stores study locations for TEN Years before opening a New Store.
__________________
Fred "The Real Fred"

10 Wheels is offline  
Old 10-21-09, 04:55 PM
  #5  
njkayaker
Senior Member
 
Join Date: Sep 2007
Posts: 11,991
Mentioned: 25 Post(s)
Tagged: 0 Thread(s)
Quoted: 2458 Post(s)
Liked 350 Times in 251 Posts
Originally Posted by 10 Wheels View Post
Location means everything for a business.
Kroger Food Stores study locations for TEN Years before opening a New Store.
So what? He doesn't have a grocery store chain. Businesses also can overspend for real-estate.
njkayaker is offline  
Old 10-21-09, 04:58 PM
  #6  
10 Wheels
Galveston County Texas
 
10 Wheels's Avatar
 
Join Date: Nov 2007
Location: In The Wind
Posts: 31,503

Bikes: 2010 Catrike Expedition, 02 GTO, 2011 Magnum

Mentioned: 16 Post(s)
Tagged: 0 Thread(s)
Quoted: 856 Post(s)
Liked 275 Times in 137 Posts
Originally Posted by njkayaker View Post
So what? He doesn't have a grocery store chain. Businesses also can overspend for real-estate.
Location means everything.
__________________
Fred "The Real Fred"

10 Wheels is offline  
Old 10-21-09, 05:05 PM
  #7  
PlatyPius
Arsehole
Thread Starter
 
PlatyPius's Avatar
 
Join Date: Jul 2008
Posts: 2,280
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
nm

Last edited by PlatyPius; 01-30-10 at 01:14 AM.
PlatyPius is offline  
Old 10-21-09, 05:08 PM
  #8  
10 Wheels
Galveston County Texas
 
10 Wheels's Avatar
 
Join Date: Nov 2007
Location: In The Wind
Posts: 31,503

Bikes: 2010 Catrike Expedition, 02 GTO, 2011 Magnum

Mentioned: 16 Post(s)
Tagged: 0 Thread(s)
Quoted: 856 Post(s)
Liked 275 Times in 137 Posts
Locate near a high traffic area such as a Busy Food store.
__________________
Fred "The Real Fred"

10 Wheels is offline  
Old 10-21-09, 05:08 PM
  #9  
PlatyPius
Arsehole
Thread Starter
 
PlatyPius's Avatar
 
Join Date: Jul 2008
Posts: 2,280
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
nm

Last edited by PlatyPius; 01-30-10 at 01:14 AM.
PlatyPius is offline  
Old 10-21-09, 05:10 PM
  #10  
PlatyPius
Arsehole
Thread Starter
 
PlatyPius's Avatar
 
Join Date: Jul 2008
Posts: 2,280
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
nm

Last edited by PlatyPius; 01-30-10 at 01:14 AM.
PlatyPius is offline  
Old 10-21-09, 05:40 PM
  #11  
dguest
Senior Member
 
dguest's Avatar
 
Join Date: Aug 2008
Location: Foothills, NC
Posts: 415

Bikes: 2009 Specialized Crosstrail Elite, 2008 Cannondale Six13 3

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
You may seriously want to look at the opions you have and take a long look at the economy of the area. I posted earlier today a bike shop in my area closing, It was a large shop with a large customer base but just could not survive the local economy.

As of the census[8] of 2000, there are 185,776 people, with a total urban population of 299,290[9], 76,247 households, and 46,205 families residing in the city.

Winston Salem has been hit hard recently, The job base here is, Tobacco (Lay-off due to government restriction) Furniture (Production moving to China) Textile ( Production moving to China) Dell Computers built a new factory in 2006 after recieving 52 million dollars in incentives from both the state and local governments. Plant closed October 1 2009 ( Production moved to Mexico).
current market and unenployment in the Winston Salem Area,
2009 05 2310.5
2009 06 18104
2009 07 1910.2

Just thinking you may need to check out a lot of things about your market before risking your investment.
dguest is offline  
Old 10-21-09, 05:45 PM
  #12  
Garfield Cat
Senior Member
 
Garfield Cat's Avatar
 
Join Date: Oct 2004
Location: Huntington Beach, CA
Posts: 6,949

Bikes: Cervelo Prodigy

Mentioned: 4 Post(s)
Tagged: 0 Thread(s)
Quoted: 402 Post(s)
Likes: 0
Liked 38 Times in 28 Posts
More demographics

Population in July 2008: 10,145. Population change since 2000: +2.7%



Males: 4,751 (46.8%)
Females: 5,394 (53.2%)

Median resident age: 27.1 years
Indiana median age: 35.2 years
Zip codes: 46135.


Estimated median household income in 2007: $32,646 (it was $29,798 in 2000)
Greencastle: $32,646
Indiana: $47,448

Estimated per capita income in 2007: $17,421
Greencastle: $17,421
Indiana: $23,805

Estimated median house or condo value in 2007: $107,737 (it was $82,700 in 2000)
Greencastle: $107,737
Indiana: $122,900

Mean prices in 2007: All housing units: $135,027; Detached houses: $145,504; Townhouses or other attached units: $120,055; In 2-unit structures: $141,797; In 3-to-4-unit structures: $110,004; In 5-or-more-unit structures: $136,721; Mobile homes: $21,053
Recent home sales, real estate maps, and home value estimator for zip code 46135
Greencastle, IN residents, houses, and apartments details

Add your B&M business listing here for free. Over a million visitors/week. Get a huge advantage over your competition

Profiles of local businesses:
Superior Tanning LLC
Races in Greencastle:
White Non-Hispanic (93.2%)
Black (2.7%)
Hispanic (1.4%)
Two or more races (1.1%)
Other race (0.7%)
American Indian (0.6%)

2008 cost of living index in Greencastle: 80.2 (low, U.S. average is 100)

Read more: https://www.city-data.com/city/Greenc...#ixzz0UcK8ecvq
Garfield Cat is offline  
Old 10-21-09, 05:56 PM
  #13  
XR2
Senior Member
 
XR2's Avatar
 
Join Date: Aug 2009
Location: Back in the hills again
Posts: 1,002

Bikes: 88 Bridgestone T700

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Liked 2 Times in 1 Post
1.)Keep the place clean.
2.)Make everyone feel welcome.
3.)Forget you have friends.difficult however trust me on this one.That was my biggest problem with so many people I stopped doing work for the general public.All your "buddies" want it free or close to it.
4.)Be ready to make little to nothing for awhile.In addition to maybe picking up a part time job after hours.

Be nice but never forget it is a business.Good luck.
XR2 is offline  
Old 10-21-09, 06:33 PM
  #14  
PlatyPius
Arsehole
Thread Starter
 
PlatyPius's Avatar
 
Join Date: Jul 2008
Posts: 2,280
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
nm

Last edited by PlatyPius; 01-30-10 at 01:15 AM.
PlatyPius is offline  
Old 10-21-09, 06:45 PM
  #15  
Big Pete
Senior Member
 
Big Pete's Avatar
 
Join Date: Jan 2009
Location: Daytona Beach, FL
Posts: 211

Bikes: GT MTB

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Could you possibly put a rack out front and place bikes you hane for sale in it or some ratty *** on the wall out front also making the roll up door a cover for a real nice glass door and use it for the entrance for your shop.

By the way are you hiring?
I have no tools and only experience on my bikes but I am a blast to hang out with and I do have training in the rental repo game could also run security like tossing the drunk colledge kids!

I say go for it and remember the only place sucess comes before work is in the dictionary! Good luck!
Big Pete is offline  
Old 10-21-09, 06:45 PM
  #16  
Wanderer
aka Phil Jungels
 
Wanderer's Avatar
 
Join Date: Apr 2005
Location: North Aurora, IL
Posts: 8,228

Bikes: 08 Specialized Crosstrail Sport, 05 Sirrus Comp

Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 201 Post(s)
Liked 75 Times in 54 Posts
Do you have ANY 1st floor access? Is that garage door going to be yours? If so - make it the entrance.
Wanderer is offline  
Old 10-21-09, 06:46 PM
  #17  
Big Pete
Senior Member
 
Big Pete's Avatar
 
Join Date: Jan 2009
Location: Daytona Beach, FL
Posts: 211

Bikes: GT MTB

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
also wondering if there is an apartment there for you to live in as the shop takes off?
Big Pete is offline  
Old 10-21-09, 07:00 PM
  #18  
PlatyPius
Arsehole
Thread Starter
 
PlatyPius's Avatar
 
Join Date: Jul 2008
Posts: 2,280
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
tmi

Last edited by PlatyPius; 01-30-10 at 01:15 AM.
PlatyPius is offline  
Old 10-21-09, 08:41 PM
  #19  
Big Pete
Senior Member
 
Big Pete's Avatar
 
Join Date: Jan 2009
Location: Daytona Beach, FL
Posts: 211

Bikes: GT MTB

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
you can also use the elevator for the Uber Clyde customers!
Big Pete is offline  
Old 10-21-09, 09:26 PM
  #20  
PlatyPius
Arsehole
Thread Starter
 
PlatyPius's Avatar
 
Join Date: Jul 2008
Posts: 2,280
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Originally Posted by Big Pete View Post
you can also use the elevator for the Uber Clyde customers!
Like myself?
PlatyPius is offline  
Old 10-21-09, 09:28 PM
  #21  
meanwhile
Senior Member
 
meanwhile's Avatar
 
Join Date: Jun 2008
Posts: 4,033
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Originally Posted by 10 Wheels View Post
Location means everything.
The OP also has to crunch his numbers and see if his business is viable: based on the number of riders of relevant bikes in his sales area he has to see what the total market is per year, and then estimate what % he might get.
meanwhile is offline  
Old 10-22-09, 12:08 AM
  #22  
Tapeworm21
Senior Member
 
Tapeworm21's Avatar
 
Join Date: Jan 2007
Location: Berkeley
Posts: 2,265

Bikes: 2010 Tarmac SL, 2013 Fairdale Weekender, 2013 Fairdale Coaster, 1995 Specialized M2 Pro, 1972 Schwinn Heavy Duty, 2014 Surley Long Haul Trucker

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 0 Post(s)
Likes: 0
Liked 2 Times in 2 Posts
My dad's shop is the only bike specific shop in a town of 60,000. He got lucky I guess. There's sporting goods stores with crap bikes too, but he actually knows what he's doing.
Tapeworm21 is offline  
Old 10-22-09, 06:36 AM
  #23  
DieselDan
Senior Member
 
DieselDan's Avatar
 
Join Date: Mar 2003
Location: Beaufort, South Carolina, USA and surrounding islands.
Posts: 8,521

Bikes: Cannondale R500, Motobecane Messenger

Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 8 Post(s)
Likes: 0
Liked 0 Times in 0 Posts
Near a popular rail-trail? Try renting bikes as well.
DieselDan is offline  
Old 10-22-09, 06:59 AM
  #24  
wahoonc
Membership Not Required
 
wahoonc's Avatar
 
Join Date: Jan 2005
Location: On the road-USA
Posts: 16,855

Bikes: Giant Excursion, Raleigh Sports, Raleigh R.S.W. Compact, Motobecane? and about 20 more! OMG

Mentioned: 5 Post(s)
Tagged: 0 Thread(s)
Quoted: 68 Post(s)
Likes: 0
Liked 6 Times in 5 Posts
Here is a link to 30th Century Bicycle in Iowa City, IA. Read up on some of their background information. I love their business plan. They bill themselves as a transportation/commuter oriented shop. They have a good mix of new and used bikes. They are using a blog as their main point of contact.

Another shop that does something similar is Longleaf Bicycles out of Wilmington, NC he picked a niche market and his website is also a blog.

The area I live in has 2 bike shops and a crapload of big box retailers. One caters only to high end MTB and Roadies. The other is a bit more family oriented and sells cruisers as well as higher end road and mtb's.

It may take you a while to find you niche but stick with it and follow your dream!

Good luck and let us know how it works out.

Aaron
__________________
Webshots is bailing out, if you find any of my posts with corrupt picture files and want to see them corrected please let me know. :(

ISO: A late 1980's Giant Iguana MTB frameset (or complete bike) 23" Red with yellow graphics.

"Cycling should be a way of life, not a hobby.
RIDE, YOU FOOL, RIDE!"
_Nicodemus

"Steel: nearly a thousand years of metallurgical development
Aluminum: barely a hundred
Which one would you rather have under your butt at 30mph?"
_krazygluon
wahoonc is offline  
Old 10-22-09, 08:57 AM
  #25  
Garfield Cat
Senior Member
 
Garfield Cat's Avatar
 
Join Date: Oct 2004
Location: Huntington Beach, CA
Posts: 6,949

Bikes: Cervelo Prodigy

Mentioned: 4 Post(s)
Tagged: 0 Thread(s)
Quoted: 402 Post(s)
Likes: 0
Liked 38 Times in 28 Posts
I would think that most college students are dependent on their parents for tuition and living expenses. If parents pay for private liberal arts undergraduate education, that leaves very little for bicycle purchases. Most students learn that bikes get stolen and beater bikes are the norm. The bike club is different. But that wouldn't be enough to support a local bike shop.
Garfield Cat is offline  

Thread Tools
Search this Thread

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service - Do Not Sell My Personal Information -

Copyright 2021 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.