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Bicycle rental: a business plan for opening. Business plan: bike rental as a profitable business What you need to open a bike rental

Bicycle rental is a profitable business that has been actively gaining popularity in recent years. This business has its regular customers, it quickly pays off, and opening will require several basic documents and a minimum of investments. To implement a business plan, the idea of ​​\u200b\u200bwhich is bike rental, you will need a capital of 230,000 rubles. The payback period for a business is 5 months on average.

Bicycle rental - seasonal business but quite profitable. The main activity is the rental of bicycles. In addition, various related products can be offered. Biking is considered the most suitable activity between April and October. During these 7 months you will be able to return your investments and get a good profit.

Instructions on how to open and what is needed for this

How to open a bike rental and what needs to be done for this? It is especially necessary to pay attention to such moments: documentation, search for premises, purchase of equipment and selection of employees - this is the minimum necessary to open your own bike rental company.

Stage 1 - registration and preparation of documents

How to arrange bike rental? To organize this business, you will only need to register in tax office IP. This requires the following documents:

  • statement;
  • the passport;
  • receipt of payment of the state fee - 800 rubles.

Bicycle rental refers to such a service sector in which you can work under the simplified taxation system (STS):

  • STS 6% - an individual entrepreneur must pay 6% of all money earned and contributions to the FFOMS, PFR;
  • STS 15% - an individual entrepreneur must pay 15% of the difference between income and expenses, as well as contributions to the FFOMS and the PFR.

List of documents you will need to start a bike rental business in 2018:

  • IP registration certificate;
  • passport of the enterprise and its details;
  • certificate of tax registration;
  • a lease agreement for premises;
  • medical books of employees;
  • fire service permit;
  • permission of the sanitary and epidemiological station.

Stage 2 - finding a room

Bicycle rental should be organized in crowded places. It is advisable to find a place near a park or some kind of tourist base. The area should be lively and popular with residents or visitors to the city. But first you need to find out from the city administration whether it is possible to ride a bike in the area that you have chosen. You will also need to rent a room, the minimum area of ​​\u200b\u200bwhich should be 20 sq.m.

Stage 3 - purchase and installation of the necessary equipment

You don't have to buy a lot of bikes at once. For starters, 10-15 pieces will be enough. In the future, if demand is high, it will be possible to purchase some of the most popular types. Basic requirements for bicycles:

  1. Frame size should be 18-20 inches;
  2. Durable, lightweight metal;
  3. shock absorbers;
  4. It is advisable to purchase street models, because they are comfortable, strong and with reliable wheels;
  5. It is necessary to have in assortment female and children's models;
  6. Cheap brands of bicycles break down quickly, while high-quality ones are more comfortable and will attract more customers to your point, so you should not save on this.

A good bicycle for adults costs 10-14 thousand rubles, and for children - 4-5 thousand rubles. This means that the purchase of bicycles will require about 160 thousand rubles.

Best buy necessary equipment in winter, when manufacturers offer big discounts. You can also save money when purchasing several units in one place. It is imperative to buy repair tools, because after each rental it is necessary to check the condition of the bike and carry out preventive maintenance.

Stage 4 - recruitment

When opening a company, two people will be enough to work with clients in shifts, one of which may be the owner himself. Often, bikes that are rented break down for one reason or another and need to be repaired. And since the ideal technical condition of a bicycle is the most important criterion for the success of this business, it is necessary to hire a bicycle repair specialist for a permanent job. To lead properly financial statements, it is not necessary to hire a full-time accountant, this work can be performed by a contract specialist.

Stage 5 - promotion and advertising

In addition to renting bicycles, you can offer accessories and protective equipment to customers. It is advisable to install a refrigerator with drinks and make places to relax. Such techniques will increase the profitability of the business by 2 times.

  • bright sign;
  • banners;
  • leaflets;
  • ads;
  • creating a site or group in in social networks;
  • It is desirable to take part in the public life of the city.

Financial plan

Let's calculate the approximate costs required to implement a plan for 15 bicycles with a population of 350,000 people:

  1. Registration of IP and all necessary certificates - 10,000 rubles.
  2. Rental fee - from 10,000 rubles.
  3. Equipment - 160,000 rubles.
  4. The salary of two employees - from 30,000 rubles.
  5. Repair work– 15,000 rubles
  6. Unforeseen expenses - 5,000 rubles.

As a result, an exemplary initial capital for the implementation of the bike rental plan will be approximately 230,000 rubles.

Possible risks

Bicycle rental business is accompanied by the following types of risks:

  • Theft. To avoid this, they conclude an agreement in which the passport data of the client is recorded, or the client pays a certain amount as a deposit. However, none of these methods can insure you 100% against fraud.
  • The dishonesty of employees who can give bicycles without signing a contract or indicate shorter terms, keeping the difference for themselves. Good wages and control will help to avoid such cases.
  • Weather. Rain and heat are not conducive to comfortable cycling, but you cannot influence this risk factor.

Video "Bicycle rental: a business idea"

You will learn more about the type of activity considered in the following video.


* Calculations use average data for Russia

It would seem that the times when people willingly rented expensive machinery and equipment are long gone. However, there are still opportunities to make money on such services. The main thing is to choose the right niche. For instance, a large number of people are fond of cycling, but not all of them are ready for one reason or another to purchase a two-wheeled vehicle. A good bike is not cheap - from 10,000 to 20,000 rubles. To store it, you need a lot of space, which is quite difficult to find in a small apartment, especially in the cold season.

The cycling season starts from April-May and lasts until September-October. That is, 4-5 months a year your bike should be stored in appropriate conditions (an uninsulated balcony is not suitable for this). Therefore, many cyclists in large and small cities prefer to rent bicycles: it is much easier, more convenient and more profitable.

When choosing bikes for your rental shop, follow the rule: “bigger is not better”. For a small town, 10-15 bicycles will be enough. For a city with a population of about a million people, 15-20 bicycles will be enough for the first time. With high demand, you will always have time to buy the required number of bicycles. Give preference only to high-quality and relatively expensive models. Savings from buying cheap bicycles for 3-5 thousand rubles are imaginary, as they quickly fail. The cost of a good bike for adults starts from 10 thousand rubles, and for children - from 3 thousand rubles.

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The range should include bikes exclusively for cross-country riding (cross-country) with a frame of 18 and 20 inches (these frames are suitable for people of average height), bikes with rear shock absorbers, dirt and street bikes, children's and women's bikes. For the first time, the number of bicycles of each type can be no more than two. It is best to buy equipment in winter - outside the season, manufacturers and wholesalers make big discounts on them. Keep in mind that if you want to sell your bikes at the end of the season, you won’t be able to get much for them: after active use and numerous breakdowns, they will significantly lose value.

Most people rent bikes for one, two or three hours. Rent a bike for the whole day. And quite occasionally they rent bicycles for a couple of days or more (for example, for bike trips). In addition to the bikes themselves, you can also rent cycling accessories, gloves, helmets, pumps, child seats, etc.

In addition to the costs of buying bicycles, protective equipment, accessories, consider the cost of renting a rental office. It should be large enough in area, as the bicycles themselves, the necessary equipment, equipment, and repair tools will be stored here. By the way, Maintenance is another significant cost item. Bicycles for rent often break down. The most common failures are tire punctures, broken shifters and even frames. As a rule, the cost of spare parts to replace a failed part is paid by the client. However, you will carry out the repair yourself. If you don't have necessary knowledge and skills, you will have to hire a mechanic. Do not be afraid that he will sit without work: almost every returned bike will need to be put in order.

Another serious problem of rental shops is theft. As a rule, a contract is concluded with the client, where the data from his passport is entered. Some car rental owners even take collateral driving licenses. However, fraudsters often present stolen or forged documents. And then it's almost impossible to find them. These risks also need to be considered. Possible losses are partially compensated by the deposit. But he is not equal full cost bike. At best, this is only a third of the original price (for example, a deposit of 3 thousand rubles for a bicycle worth 10-12 thousand rubles). In addition, customers will always prefer to rent a bike where no deposit is required.

Not only customers can steal, but also employees of your rental point. Unscrupulous employees rent bicycles “unofficially”, taking all the money for themselves. So if you're not sure about the staff, the best way fraud protection - work yourself.

In one season, you can not only return all the money invested in the business, but also get a good profit. The payback period of a bike rental business and the amount of profit depends on two main factors: the weather and the location of your rental shop. In the heat, bicycles are not in great demand. True, it is impossible to influence the weather factor, unfortunately. Unlike place. Ideally, it is advisable to look for a room in an area with high traffic, where there is good conditions for skiing (for example, city parks, groves, gardens, etc.). Check if bicycles are allowed in these areas (for example, they are prohibited in many parks).


Ready-made ideas for your business

The cost of renting a bicycle is from 100-150 rubles per hour of rental or from 500-800 rubles per day, depending on the region. Monthly profit excluding disbursement costs wages workers can be 50-100 thousand rubles.

Bicycle rental points are open, as a rule, from 9-10 to 20-21 hours (in resort towns until 22-23 hours). Most customers are on weekends and in the evenings on weekdays. During morning and afternoon hours on weekdays most in demand use children's bikes. In the future, it will be possible to think about expanding the range and offer for rent electric cars for children, scooters, skateboards and roller skates, and in winter - snowboards, skates, skis.

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More than a billion bicycles travel around the world. If in Europe a bicycle is considered an environmentally friendly and convenient form of personal transport, then in Russia cycling is associated with an active type of recreation, for which demand has recently been growing both in large and small cities of the country.

If we continue the comparison with Europe, the cycling culture in Russia as a whole is in its infancy, but nevertheless, the idea of ​​​​opening a bike rental is actively used in large cities, in which there are already entire networks of bike rentals that bring their owners a stable profit in the warm season.

I started with three bicycles, which I delivered around the city to order. Then a team began to be recruited, and we began to work more seriously - to open rental points. Today we already have 6 points located in different parts of the city, and a separate bicycle repair shop.

But opening a bike rental is perfect as a business idea for a small town. If there is not a single bike rental in your city or the existing ones cannot meet demand, or you have looked for a better place - for example, next to a park, shopping center, boulevard, pedestrian street or on the waterfront - bike rental can be a great option to start own business and it does not require large investments.

Moreover, often in small and medium-sized cities the infrastructure for active and healthy lifestyle life. Therefore, your initiative to open a bike rental can be supported by the city authorities, especially if you have access to the city administration.


By the way, opening a bike rental will be an excellent business idea for resort or tourist cities, especially if you can rent a room or area in places with the highest tourist flow. In addition, it is in tourist cities that you can combine bike rental with bike tours or bike rides along tourist routes. To do this, you will need to develop your own tour route and support it with high-quality excursion content, and an agreement with the tourist center or travel agencies of the city will help to put these educational and sports bike rides on stream.

Open a bike rental: where to start?

In order to organize a bike rental, firstly, you need to purchase bicycles. 10-12 bikes are enough to start. Buying used bikes is not worth it - they will wear out much faster and will need repair much more often than new ones. On the other hand, buying professional or even semi-professional mountain bikes also makes no sense - most of your customers will not be able to appreciate the delights of shifting 30 speeds. Therefore, it is worth buying bicycles in the price range from 12 to 15 thousand rubles.

Velomiks bike rental owner

To start, I bought 10 bikes. But during the first month of work, I had to purchase four more, because due to inexperience, about 5 bicycles were stolen from me during the first month. Every next month I bought about 3 bikes, so by the end of the season I had a bike park of 24 bikes, and the next season I already opened with 40 bikes, including children's ones.

Other an important factor to implement the bike rental business idea is to rent a room or area. Of course, renting a street area will cost less - you will only need to buy an awning or put up a change house. The only problem will be with the decision and coordination of the municipal lease with the local authorities.

In addition, the awning option suggests that you store your bikes elsewhere, such as in your own garage. In this case, you will have to deliver the bikes to the rental place daily and take them back at night to avoid theft.

If you do not have free and free bike storage, you will have to turn to renting a room. However, this option has some disadvantages. In no case should you place a bike rental in yards or on impassable streets - you simply will not be found. You will also have to spend money on a sign - it will attract the passing idle residents of the city. In this regard, the sign must be bright and conspicuous.

Owner of the bicycle rental network "Prokat in Rostov"

When choosing a room for rent, it is not necessary to pay attention to its condition. It can be a garage or even a utility room, but it should be an easy approach and a safe exit. It is better to start in small areas. Ideally, if you can find a rental that allows you to occupy more space as your bike fleet grows.

Also, try to negotiate with the landlord on the terms of rent in the "off season", so that you either do not pay rent during the winter months, or pay it at a discount rate. The main thing is that you must be sure that the premises will remain yours, and you can immediately start work with the beginning of the season in the same place.

Cons to be aware of

However, the bike-sharing business idea has its drawbacks, which you need to know about in advance in order to prepare yourself financially and develop options for preventing unpleasant incidents.

First minus associated with the seasonality of business, which falls on the warm months of the year - from April to September inclusive. With the onset of the first cold weather, the desire to ride with the breeze disappears without a trace. A business that brought in a stable income in the summer has to be curtailed or re-profiled - by organizing a rental point for skis, skates and tubing, if the location allows it.

Another factor One thing that can ruin the performance of the bike-sharing business is the weather, which is unpredictable and changeable, especially in the central part of the country. Neither heat nor rain is suitable for a comfortable bike ride. If such weather falls on the weekend - the peaks of activity in the bike-sharing business - the revenue will decrease significantly.

Third minus is the need for bike repair. Active use of bicycles, unfortunately, leads to their wear and tear. Careless use by customers, who usually do not care about maintaining the performance and durability of a rented two-wheeled friend, cannot be ruled out. In this case, you will have to look for a repairman who you can contact if the condition of your bike fleet deteriorates, or learn the science of bicycle repair yourself. On the other hand, having a professional repairman on staff, you can enter additional service in the price list of bike rental and take the personal bicycles of citizens for repair.

Another significant downside this business are scammers and thieves.

Moreover, the danger of theft comes from both customers and employees. The first ones rent a bike, leaving in exchange documents that do not belong to them, or an insignificant cash deposit, and then disappear with your bike, the second ones hide the real income for the day. In the first case, even drawing up a rental agreement does not give real guarantees for the return of the bike - both the address and contact number with a name, called a thief, may be fake. The only way out is to carefully check the conformity of the photos on the documents with the real person. In the case of employees, you will have to think over a system of either control or motivation for honest work.

In fact, just like any other business, it requires building a business model, analyzing the market and the possibilities of the future owner of a bike rental. Without this, it is difficult to say how profitable your bike rental will be, because many factors will affect the profitability of the business.

For example, you opened a bike rental with 10 bikes. In the first season, you received a normal profit, recaptured all investments, etc. But in the second season, the bicycles began to break down, and in the third, they became completely non-working. Accordingly, the profit first decreased, and after that you began to work at a loss.

Therefore, it is simply necessary to calculate everything in detail and, of course, form a fund for the winter or for repairs, which in the future will help you work without losses and become an airbag. On average, to form a normal fund, you need to set aside 30% of net profit.

Choosing a business with small investment pay attention to bike rental. You can open a small rental point with about 250 thousand rubles of starting capital. This amount implies the purchase of 10 bicycles and a set of spare parts for the first time. Since the service is very popular, one season is enough for a full return on investment.

Interestingly, the competition is not so high, since potential businessmen believe that the rental is irrelevant. Indeed, if every tourist can afford to buy an inexpensive bike for 5-10 thousand, then why should he go to a rental shop? However, practice shows that in most cases people prefer to rent bicycles, even if the purchase and rental amounts are comparable.

Reasons for its popularity:

  1. There is simply nowhere for a modern city dweller to store a bicycle, because in a small apartment or on a balcony it takes up a lot of space. And not everyone likes to climb the stairs with him.
  2. At the rental point, you can always choose between different models and even classes of bicycles. You can ride a mountain, sports or road bike, evaluate the advantages of expensive full-suspension bikes and compare the quality of different manufacturers.
  3. Most often, bicycles at the rental point are taken by young couples or even small companies for whom it makes no sense to buy bicycles for the sake of 1-2 trips per season.
  4. Especially popular is rental in tourist and cultural cities, where there are always many tourists who want to ride around the city with a breeze and look around. Of course, they can’t drag their bike with them.

Business Organization Issues

The main difficulties that will have to be faced are finding suitable premises and resolving legal issues. The required minimum conditions include:

  1. Registration of an individual entrepreneur with a choice of UTII, STS or patent as a taxation system.
  2. Room rental. For a small rental point, 20 square meters is enough. You can install a pavilion or a mobile trailer.
  3. Purchase of bicycles. 10-15 pieces are enough (depending on the expected flow). General costs for the purchase - 150 thousand and more. You can save money by buying bikes in the off-season.
  4. Search and hiring of employees. To work seven days a week, 2 people are enough, with a shift or partially overlapping schedule.

Rental business success secrets

For a business to be truly profitable, several principles of successful organization should be observed. Despite the wonderful nature, countryside such an initiative would be a sure failure, as well as in a small town. It makes sense to start a bike rental in cities with a population of 50,000 or more. The only exception is the resort villages, where in certain seasons there is an influx of tourists. The rental point should be located in crowded places.

The range of models should cover the widest possible range, and each option should be represented by at least two copies. Mountain and road bikes, women's and children's, must be available, there must be a two-suspension. Only by covering the entire range of models, you can please every client.

Preference should be given only to high-quality models from famous manufacturers. This is also useful from a marketing point of view, because an amateur cyclist will be happy to rent a bike of a well-known brand. Yes, and you can save a lot on repairs, because the main difference between high-quality models is their durability and reliability.

Practice shows that 50 cheap copies fail faster than 15 high-quality ones with the same total cost. If the starting capital is not enough to purchase the required assortment, it is better to buy later than to immediately lean towards budget options.

Underwater rocks

It is important to understand that even the most expensive and high-quality devices also tend to break down, so it is imperative to provide for a balance amount for the purchase of spare parts. It is highly desirable that a master repairman sit right at the rental point (you can combine rental services with repair services at the same time).

The most painful stumbling block in any rental business is the theft of rental items. You can, of course, take documents as collateral, but there is always a chance that they will turn out to be fake. A pledge value comparable to the cost of a leased lot is often practiced, but the disadvantage of this scheme is obvious - not everyone carries such amounts in their pocket. In fact, rented bike theft is extremely rare, so it's best not to scare off customers with exorbitant amounts of deposits.



Profit calculation

An example of calculation is shown for a town of 300,000, provided that the rental point is opened in a park area. Estimated rental price - 150 rubles per hour. On a weekday you will have about 20 clients. On weekends, the number of customers usually doubles, although this can greatly depend on how isolated the area in which you have opened a rental shop.

Assuming that there are an average of 5-6 bad days per month (rainy, for example), we can calculate that there will be 500 customers in total. The average rental time is 1-2 hours, so total revenues per month will be about 100 thousand rubles. By expanding the range of services by repairing and selling spare parts, as well as related products, you can additionally increase revenue by 1.5-2 times (we do not take this option into account in our calculations).

After deduction of all expenses (rent of premises - 5 thousand, salaries - 25-30 thousand, depreciation - 10 thousand, tax deductions - 10 thousand), about 45 thousand rubles of net profit remain. In half a year (this is exactly how long the season lasts), the revenue will amount to 270 thousand, which will fully recoup all investments and expand the bicycle fleet for the next season.

According to a study by Roland Berger Strategy Consultants, the bike rental market is set to grow rapidly in the coming years, averaging 20% ​​per year. To properly organize such a point, you need detailed business plan bike rental.

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Services

Bicycle rental provides bicycles and related products for rent for a period of one hour to several days.

Administrator functions: arranges rental and issues bicycles.

The bike is issued after:

  • familiarization with the price list;
  • signing a lease agreement;
  • leaving a cash deposit.

It is important to remember that the requirement to leave documents as collateral is illegal.

After the bike is returned, the deposit is returned to the tenant, provided that the bike is not damaged.

Relevance

Relevance is determined by the fact that:

  • an increase in demand is expected;
  • business quickly pays off;
  • bike rental does not require large investments;
  • a minimum package of documents is required for registration of rental;
  • taxation is carried out according to a simplified scheme.

Due to the small number of risks and average competition, this business is suitable for experienced businessmen, as an investment of free funds, and for novice entrepreneurs.

Description and analysis of the market

In Moscow and St. Petersburg, there are state-owned bicycle rental points and are serious competitors for private entrepreneurs.

The number of state-funded bike rental points in Moscow increased from 290 to 380 in 2017. In St. Petersburg in 2020, the idea of ​​bicycle sharing will come true. Residents of the northern capital will be able to leave a rented bike anywhere in the city and find them using a mobile application.

But there are no official plans to open state-run bike sharing in other cities of Russia yet.

The number of private bike-sharing outlets across the country is rather low:

  • Yekaterinburg (19 points);
  • Krasnodar (19 points);
  • Perm (14 points);
  • Novosibirsk (11 points);
  • Ufa (10 points);
  • Sevastopol (7 points);
  • Veliky Novgorod (6 points).

The target audience

Often, when opening a bike rental, entrepreneurs make the mistake of not using the entire range target audience and the range provided.

This business has an extensive audience, as there are several types of cycling:

  • for preschool children;
  • for younger students;
  • for teenagers;
  • for adults.

The audience of cyclists includes both residents of the city and tourists who rent a bike to save on transport and see the city.

Competitive advantages

When developing a bike rental business plan, it is important to research nearby rental locations. As a rule, they have a number of disadvantages.

The competitive advantage will be:

  • favorable territorial location of the rental point;
  • availability of bicycles for children and teenagers;
  • equipment: helmets, gloves, knee pads;
  • drawing up a lease agreement and using a cash deposit;
  • competitive prices;
  • advertising campaign;
  • high quality bikes.

Advertising campaign

To grab the attention of customers, use:

  • bright signboard, eye-catching design of the reception desk;
  • leaflets;
  • creation of accounts in social networks, such as: Vkontakte, Odnoklassniki, Instagram;
  • promotions and discounts.

Step-by-step instructions for opening

To open a bike rental you will need:

  1. Checkout Required documents. Start-up entrepreneurs are primarily formalized as individual entrepreneurs. Then a package of documents necessary for registering a business is drawn up.
  2. Choose a bike rental location, a place where bikes will be stored at night and a warehouse for storing equipment in the winter.
  3. Select and purchase equipment and inventory.
  4. Hire staff with the necessary skills.

Documentation

To organize a bike rental, you will need to register with the tax office as an individual entrepreneur.

For this you will need:

  • application (form No. Р21001);
  • a copy of the Russian passport;
  • receipt of payment of the state fee (800 rubles).

Registration is carried out within three working days.

List of documents you will need to open a bike rental business in 2020:

  • IP registration certificate;
  • passport of the enterprise and its details;
  • certificate of tax registration;
  • a lease agreement for premises;
  • medical books of employees;
  • fire service permit;
  • permission of the sanitary and epidemiological station.

Location and premises

The best place to open a bike rental point will be:

  • embankment;
  • the park;
  • amusement park;
  • squares and city gardens.

Bicycle storage is best done at the rental point or nearby. At night, bikes and the reception desk will be cleaned there (if necessary).

After the end of the season, the bikes are stored in the warehouse. To prepare for this, you will need a specialist who will carry out conservation: cleaning and lubricating the nodes, loosening the cables, installing bicycles on special stands. In the spring, repeated maintenance and diagnostics of bicycles will be required.

Equipment and inventory

Experts advise starting with a minimum: seven bikes. It will be easier to assess the demand in the selected area. With high demand, it is easy to buy the right amount of bikes.

The purchase of bicycles is the main item of expenditure. It is recommended to buy reliable standard models of transport bikes and equipment - helmets, knee pads and gloves.

Photo gallery

Bicycle for children 1.5–3 years Stels Arrow 14 5000 rub Bicycle for children 3–5 years old Cube Kid 160 20900 rub Bicycle for children 5–9 years old Giant Adore C/B 12 16000 rub Bicycle for a teenager Merida Matts J24 Marathon 20500 rub Bicycle female Stinger Barcelona 21000 rub Bicycle adult Merida Crossway 5-V 21000 rub

Gloves VG 924 200 RUB Protective helmet for children Casco RUN 1000 rub Helmet protective adult MTV16 1500 rub Explore Magnum protection (knees, palms) 500 RUB

Staff

For the operation of a bicycle rental point, only an administrator is required, who will conclude a lease agreement, monitor the condition of the bicycles, and clean the storage room at night.

Aspiring entrepreneurs can do the admin work themselves or hire two people to work on a 2:2 schedule. To perform this work, you will need to find a polite and sociable employee, with basic skills in handling bicycles.

On the video - a story about how the first bike rental in Vladivostok "Your own bike" was opened. Filmed by the grink-city channel. en

Financial plan

An important advantage of opening a bike rental point is that start-up capital relatively small and you don't have to approach investors.

How much does it cost to open a bike rental?

The calculation of the necessary investments includes the costs of documentation, equipment and advertising.

Recurring costs

Monthly expenses are calculated based on the salaries of employees, the rent of the premises and the maintenance of bicycles in the event of a breakdown.

Income

Revenues are calculated based on the hourly cost of the equipment and the average number of hours per month for which the equipment is rented.

Calendar plan

Clear follow calendar plan will allow to open bike rental by the beginning of the season.

Risks and payback

The main risks of opening a bike rental point include:

  • equipment theft;
  • equipment damage;
  • low attendance.

The first two risks scare start-up entrepreneurs, but drawing up a rental agreement and registering bicycles will reduce these risks to a minimum.

A high-quality advertising campaign and a good choice of location for the rental point will help you always have a large number of visitors. The good condition of the bikes and the friendliness of the administrator is a guarantee that people will come back to you again to rent a bike.

The average payback time for a bike rental point is 4 months.