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Old 05-16-2013, 06:55 AM   #28666
Tallbastid
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Quote:
Originally Posted by Gummee! View Post
Sign me up for a jersey when you get em designed. I'll wear it even if I'm down here. You just never know...

If you get a KHS account, they have everything you'd need to start a shop. From bikes to bits and bobs. Personally, I think you're better off starting out with a shop and some retail space for clothing/stuff and special order the rest, but that's me.

Gloves
Helmets (at least a few low- to mid-range helmets)
Tubes
Multi-tools
Tire levers
Energy food
etc etc etc

The little shit that people 'forget' that they NEED RIGHT NOW! to go riding

Once you start making $$, THEN move up to a bigger space and carry a line of bikes. The shop I was managing was $25-30k in debt to Specialized from their very first bike order. Never did make enough to pay that off.

M
Absolutely, can't thank you and others enough for the advice. I'm actually talking with some people this weekend on this idea; possible investors. Things move fast I guess. Still writing business plan though, not rushing it either.

Are you saying you wouldn't even stock the less expensive bikes? If I had to guess, the place I've inquired about is roughly 600 square feet, with a small office in back of that. I'm a big believer in keeping overhead and running costs down - my area is in an area with a long, tough winter where I'm sure sales will suffer a bit.
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Old 05-16-2013, 06:59 AM   #28667
bogieboy
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Moodfart, if you are centrally located between several "destination towns" what about bike rental from the store as well? Could be a great way to increase revenue, but would take a bit of shop space to store the rental bikes...depending on how many you would go with....

Its an idea...LOL
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Old 05-16-2013, 07:06 AM   #28668
Gummee!
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Originally Posted by bogieboy View Post
Moodfart, if you are centrally located between several "destination towns" what about bike rental from the store as well? Could be a great way to increase revenue, but would take a bit of shop space to store the rental bikes...depending on how many you would go with....

Its an idea...LOL
+1 on the rental idea. Sell em off at the end of the season to recoup some of that cost. May not be a 1st year thing.

Be careful with investors. They tend to want their money back.

If you're a year round destination, learn to tune skis and snowboards too. Makes lots of $ with minimal equipment outlay up front.

If you have the $, then have some bikes in the store. I was going off the 'keep $ outlay to a minimum' outlook from your OP

M
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Old 05-16-2013, 07:23 AM   #28669
Tallbastid
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Absolutely with the Bike Rental idea, as the city keeps growing, there is a movement towards cycling paths in the area. Even without them, lots of nearby scenic dirt roads to explore. Good point!

We are a year round destination; I wouldn't want to sell skis/boards as the market is saturated there... however, tuning service is great advice as it won't take up precious room and it would be high-margin. Plus, the kid I'm eyeing as my bike mechanic is a ski tuner already.


When you said KHS for supplies, you don't mean the manufacturer, do you?
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Tallbastid screwed with this post 05-16-2013 at 07:45 AM
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Old 05-16-2013, 07:28 AM   #28670
Gummee!
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Originally Posted by moodfart View Post
Absolutely with the Bike Rental idea, as the city keeps growing, there is a movement towards cycling paths in the area. Even without them, lots of nearby scenic dirt roads to explore. Good point!

We are a year round destination; I wouldn't want to sell skis/boards as the market is saturated there... however, tuning service is great advice as it won't take up precious room and it would be high-margin. Plus, the kid I'm eyeing as my bike mechanic is a ski tuner already.
If you do nothing else to the bike, clean it when you work on it. When a bike's clean, it proves you did *something.*

I can't tell you how many $75 tuneups involved nothing more than tweaking a derailleur, truing a wheel, and cleaning a bike. You can do LOTS of tune-ups like that.

Always have a second pair of eyes go over the bike before the customer gets it. I've caught things that the wrenches missed that would've made us look bad. ...and missed things that another mechanic found on the way out the door. It happens.

As you wheel the bike out, grab brakes, wiggle the front checking for a loose HS, spin the wheels, drop it from a few inches off the ground and listen for loose stuff, etc

Yes to KHS the manufacturer.

M
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Old 05-16-2013, 07:37 AM   #28671
RxZ
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I've got no advice for you Mood, but... Good Luck!!
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Old 05-16-2013, 07:47 AM   #28672
RxZ
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Quote:
Originally Posted by Gummee! View Post
I can't tell you how many $75 tuneups involved nothing more than tweaking a derailleur, truing a wheel, and cleaning a bike. You can do LOTS of tune-ups like that.
M
I've done this myself. I was going on a big bike ride in Colorado, but hadn't ever had my bike adjusted or anything. So, I dropped it off at the local bike store to do a tune up. I am pretty sure all they did was tighten cables and adjust the derailleur. They certainly did not take it apart and lube everything. Anyway, probably took them 30 minutes or so, and they charged me $70.

I now know how to do this stuff, but I did not at first. I consider myself a noob on a bike. In the 8 months I have owned my new bike I have rode it less distance than the brevet guys ride in a couple of days

I buy tubes, water bottles, tires, etc from the LBS. High mark-up and good profit margin for them, but I still spend less than $20. No reason not to shop from them.
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Old 05-16-2013, 07:47 AM   #28673
Aurelius
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Originally Posted by moodfart View Post
Great information, and not something I would have thought of. Sounds like a racket to me I'll absolutely look into that in the area/building I have in mind.
I've been doing commercial architecture here for 20+ years, so I'm very much aware of those corrupt practices. We now warn every new client about it beforehand, and in many cases deliberately omit certain 'hot button' items from the blueprints until the client has been granted his/her occupancy permit; then he's free to put these items back in. Without our knowledge, of course.
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Old 05-16-2013, 07:49 AM   #28674
Tallbastid
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Quote:
Originally Posted by Gummee! View Post
If you do nothing else to the bike, clean it when you work on it. When a bike's clean, it proves you did *something.*

I can't tell you how many $75 tuneups involved nothing more than tweaking a derailleur, truing a wheel, and cleaning a bike. You can do LOTS of tune-ups like that.

Always have a second pair of eyes go over the bike before the customer gets it. I've caught things that the wrenches missed that would've made us look bad. ...and missed things that another mechanic found on the way out the door. It happens.

As you wheel the bike out, grab brakes, wiggle the front checking for a loose HS, spin the wheels, drop it from a few inches off the ground and listen for loose stuff, etc

Yes to KHS the manufacturer.

M

great point on the clean - plus it will keep my mechanic busy. Second set of eyes is a must afaic.

thinking of bike consignment... I'd have to limit what we took in (not going to resell a 1995 Huffy) but, it would be a great way to keep overhead costs down but still make the same margin you would with selling a new ride; if we sell, you get 75% of the price, if we don't, you get it back with X% discount on your next purchase. Would also be a great way for prospective upgraders to get some more coin for their next ride.... which would most likely occur in the Spring, which is when other riders are looking for their next bump up to (hopefully) some of the consignment rides.
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Old 05-16-2013, 07:50 AM   #28675
Tallbastid
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Originally Posted by RxZ View Post
I buy tubes, water bottles, tires, etc from the LBS. High mark-up and good profit margin for them, but I still spend less than $20. No reason not to shop from them.
Bingo. I'm going to find some time and start really messing with my bikes... admittedly I haven't had to do much wrenching myself.
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Old 05-16-2013, 08:54 AM   #28676
fullmonte
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Originally Posted by TheYeti View Post
So... on another note,Fullmonte you are gonna have the National champships (Pro) out your way next month. You going? we need pics.
Yes! It is on Memorial Day weekend. The TT is Saturday and the road race is Monday. Since single rider time trials aren't THAT exciting, I will probably spectate at the World Trials Championship just 40 minutes away at TTC in Sequatchie. The best trials riders on the planet will be there and the sections are astoundingly difficult.
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Old 05-16-2013, 09:03 AM   #28677
fullmonte
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Quote:
Originally Posted by moodfart View Post
When you said KHS for supplies, you don't mean the manufacturer, do you?
Also, look at carrying Jamis for a small order of lower priced bikes.
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"A guy I know was the lead researcher for the University of Utah federally funded study of cellphone and texting use while driving. He found that your twice as dangerous as a drunk while using your cell phone and I think it was up to six times worse if the driver was texting."-dakardad
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Old 05-16-2013, 09:11 AM   #28678
YakSpout
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Is this the stage where Sagan wins it from about 20 guys back?


He's 7th wheel in that pic. Second Cannondale rider from the right edge.
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Old 05-16-2013, 09:23 AM   #28679
YakSpout
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Hey Mood, what about a shop van all stickered up?

Take an easy-up, a folding table, a bike stand and some tools to the local trailheads. Bring tires, tubes, gels, 10 gallons of water, etc.

Fixing a flat, filling a bottle and handing out a 10% discount card can go a long way to building some loyalty.

I still remember a not-local-to-me bike shop that took a nail out of my wheel on a metric century about 10mi from the finish. They put a new tire (nail through the sidewall) and tube on my bike. I went from figuring out how to get a lift to the finish line to heading out to finish the ride in 10 min. They wouldn't take a dime. I recommend that shop to anyone I know in the area looking for a bike.

Offer free water bottle fills and free coffee to early morning ride gatherings and you'll be golden.

Good luck with this!
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Old 05-16-2013, 10:14 AM   #28680
Chisenhallw
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Originally Posted by YakSpout View Post
Played hooky from work yesterday to go for a ride and watch Stage 3 of the ToC.

Peloton coming down Copper Hill towards us with 70mi to go:
I hate you.
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