How to Start a Bike Rental Business

Save

Biking is an excellent way to stay in shape while exploring local areas and communing with nature. With many biking enthusiasts eager to find new paths to explore in and around their local area, a bike rental business can become very profitable. There are a few items to consider when starting a bike rental business.

Things You'll Need

  • 10 bicycles (minimum)
  • 10 helmets (minimum)
  • Check your local area’s biking opportunities by scouting local parks, recreational facilities, and landmarks of interest. This will allow you to make sure that there are interesting places for your soon to be customer to explore while biking.

  • Purchase bicycles and other biking gear to begin building your inventory. To start a bike rental business it is a good idea to carry a variety of bicycles and biking gear that you can offer your customers. The bikes should generally be in newer condition, and have safe tires. A clean and safe bike is what your customers are looking for. By visiting your local bicycle or retail store you will be able to find a variety of men and women’s bikes, helmets, and other biking accessories.

  • Find the right location to set up your bike rental business. Scout areas that have a high volume of traffic, and are within close proximity to local landmarks and/or biking trails. This will allow you to gain access to customers that are patrons to nearby stores, and offer them easy access to biking activities and other recreational landmarks. There are many different ways in which to present your business. Renting or buying a storefront is one of them. Other bicycle rental services also present their store in a kiosk style, allowing them to be situated even closer to biking trails or landmarks. If you decide to open a kiosk style bike rental store, check with your local state government for licenses or fees associated with this type of business presentation.

  • Set your prices. The average going rate for bicycle rentals is $25 an hour, $60 a day, or $150 to $200 a week. Keep in mind; rates can vary depending on the type of bicycles and equipment you rent, and the community in which you live.

  • Advertise. Make postcards and fliers to help keep your advertising costs down. On the flier or postcard include your business name, phone number, and services offered. Make sure the postcards are bold and easy to read, and list nearby landmarks or paths they can explore by your new business. You can place the cards or fliers at local recreational facilities, shopping centers and coffee shops, which typically have high volumes of customers. Other ideas could include advertising in your local newspaper or tourist magazine.

Tips & Warnings

  • Although there are no national permits needed to start a bike rental company, it is a good idea to check with your local state government about any other business fees.
  • Putting signage on your bicycles, or making your bicycle stand out, will allow your business to be noticed by other potential customers when the bikes are being rented. Another way to increase your revenue is to sell your customers bottled water, disposable cameras, or other "touristy" items that can increase their fun during their bike.
  • Making your customer pay a deposit, or taking a copy of their credit card information is a good way to protect you from bicycle theft.
  • Taking out an insurance policy will help protect you from any law suits that could occur when operating your business. Make bike riders sign a waiver before renting the bicycles that state they are riding at their own risk.

References

  • Photo Credit Jupiterimages/BananaStock/Getty Images
Promoted By Zergnet

Comments

You May Also Like

  • How to Start a Bicycle Repair Business

    Millions of people enjoy bicycle riding, but few know how to repair their bike if something goes wrong. If you're one of...

  • How to Rent a Stationary Bike

    Renting a stationary bike rather than buying one allows you the flexibility to get fit in your own home while not having...

  • How to Start a Kayaking Tour Business

    Turn your passion for kayaking into a money-making venture. A kayaking tour business is an innovative way to share your knowledge, skills...

  • How to Start a Bike Shop

    The National Bicycle Dealers Association (NBDA) promotes the potential as well as the dangers of opening a bike shop in the United...

  • How to Start a Scooter Business

    The scooter industry has grown in the early 21st century as American consumers see the virtues of these light bikes. Scooters are...

  • How to Start a Motorcycle Rental Business

    Properly set up and managed, a motorcycle rental business can be a highly profitable venture. Many people want to enjoy a ride...

  • How to Start a Scooter Rental Business

    Scooters are a fun and easy way to get around. Particularly popular in vacation spots, scooters offer an inexpensive alternative for people...

  • How to Set Up a Rental Business

    With research and careful planning, rental businesses offer a potentially profitable venture for entrepreneurs. Research your market to determine its rental needs....

  • How to Start a Rental Store

    Rental stores allow people to use items for a short or extended period of time instead of purchasing them. Rental stores include...

  • How to Start a Bike Tour Business

    Starting a business involves practical steps to conduct business legally and to plan for the business itself. If you want to start...

Related Searches

Check It Out

Are You Really Getting A Deal From Discount Stores?

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!