Cycling Store Success Stories [2024]
Take your love for cycling and turn it into a thriving business with a cycling store. A cycling store specializes in selling bicycles, accessories, and gear to cycling enthusiasts, commuters, and recreational riders.
Starting this business means you'll have to find a suitable location, curate an inventory of bikes and parts, and possibly offer repair services. The appeal lies in the growing trend toward eco-friendly transportation and healthy living.
Cycling stores stand out by building a community of loyal customers who share a passion for riding. Hosting community rides and offering expert advice can create a unique local hub for cyclists.
If the idea of combining business with fitness and community engagement excites you, then a cycling store could be the perfect venture. It’s not an easy ride to the top, but it’s certainly a rewarding journey.
In this list, you'll find real-world cycling store success stories and very profitable examples of starting a cycling store that makes money.
1. Mastermind Bicycle Studio ($660K/year)
Mukund Thakkar came up with the idea for Mastermind Bicycle Studio after a transformative cycling trip from London to Paris. Realizing the lack of premium cycling products and practices in India, he started the business at the age of 26. Since then, the business has consistently grown at a rate of 55% to 65% YoY, with a strong focus on customer engagement and a physical presence combined with a digital strategy.
How much money it makes: $660K/year
How much did it cost to start: $95K
How many people on the team: 26
Mastermind Bicycle Studio has consistently grown sales revenue at a rate of around 55% to 65% YoY since its launch in 2015, and with a strategy of constantly reinventing itself and remaining patient with consumer feedback, it plans to expand its online presence and continue expanding its retail footprint across India.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
