Bicycle Repair Service

2 Bicycle Repair Service Success Stories [2024]

Pat Walls

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Updated: October 8th, 2024

Heightened interest in environmental conservation and the surge in exercise have contributed to increasing cycling. More people prefer cycling to work over using public and private vehicles.

As the use of bikes becomes more popular, the demand for bike repair is getting higher. People will take their bikes to a repair service for a regular tune-up and keep the bicycles safe and steady throughout.

Thus, if you are mechanically inclined and are interested in cycling, you can earn good profits from a bicycle repair service. To start, you can open a workshop in your home or serve people door-to-door.

In this list, you'll find real-world bicycle repair service success stories and very profitable examples of starting a bicycle repair service that makes money.

1. Tower Electric Bikes ($3.6M/year)

Stephan Aarstol, the CEO of Tower Electric Bikes, came up with the idea for his business while observing the growing trend of electric powered vehicles on the beach boardwalk. He saw the potential of electric bikes as the perfect form of transportation and recognized the fragmented market of ill-conceived products and brands. With his experience in the paddleboard industry, Aarstol aimed to create a high-quality, low-cost eBike brand that would fill the void in the market, ultimately building the world's first famous eBike brand.

How much money it makes: $3.6M/year
How much did it cost to start: $30K
How many people on the team: 6

How I Partnered With Mark Cuban To Start A $250K/Month Company Selling eBikes

Tower Electric Bikes is a direct-to-consumer eBike brand co-founded by Stephan Aarstol and Mark Cuban, which has done over $36 million in sales since its $150,000 investment in 2012, and produced and sold everything from paddleboards to electric bikes for half the retail price, with the aim of creating the world's first famous eBike brand.

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2. To Go Cycles ($6K/year)

Nathan Thomson, the founder of To Go Cycles, came up with the idea for his bicycle accessories company when he realized there was a need for a product that allowed cyclists to carry a 4-pack of beer. Unable to find a suitable solution on the market, he designed a durable and stylish saddle bag that could hold the drinks. Within the first day of launching the product, Thomson received messages of support and excitement, and the business has since grown its customer base across Canada and the United States.

How much money it makes: $6K/year
How much did it cost to start: $4K
How many people on the team: 0

I Started A Side Hustle By Creating A Bicycle Accessory For Myself

To Go Cycles sells a beer-friendly saddle bag for bike enthusiasts and has already sold their product across Canada and the US, improving brand awareness by partnering with local breweries and cycling groups, and planning to expand globally and expand their product range.

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