Strategic Analysis with current research!
It is a standard bicycle store and is owned by Tim Jerry, a retired professional cyclist. For a start, we have gotten a near perfect facility in a choice part of town.
The facility that we leased is just the ideal facility for the type of bicycle store that we have in mind. Our Products and Services Shiny Metals Bicycle Shop is in this industry to offer a very broad range of service to residents of Miami, Florida as well as make maximum profit.
Therefore, we will do everything that the law permits to make maximum profits at the same time offer our prospective clients all that they require from a bicycle store. Some of the products and services that we will make available are: The provision of bicycle repair services The provision of bicycle maintenance services The sale of brand new as well as fairly used quality bicycles The provision of bicycle spare parts.
Vision Statement At Shiny Metals Bicycle Store, our vision is to become a household name in the bicycle store industry in Miami, Florida, in other parts of the United States and also major cities in Canada. Mission Statement At Shiny Metals Bicycle Store, our mission is to set up a standard bicycle store business that will meet all the needs of bicycle lovers in Miami, Florida.
We are also interested in competing favorably with more established bicycle store in our city as well as in other cities in the United States and Canada. Finally, we intend to sell our franchise after being in operation for 5 years.
Business Structure There are lots of average bicycle store businesses in the United States. Our aim of setting up a bicycle store business is to make available a standard bicycle store that offers services that are obtainable in top-notch bicycle stores in other parts of the world.
We have very big plans for our bicycle store and we know that these plans will only become reality if we put the right measures in place. As a result of this, we will only hire individuals that can work at the highest level in this industry.
We will also make sure that our workers work in a very conducive environment and are very well paid. Market Analysis Market Trend In very recent times, the benefits of cycling to the health, environment, and economy have become known by a lot of people.
The awareness of the many benefits that are associated with cycling has brought about a steady rise in the level of patronage of bicycles. This has brought about a growth in this industry, thereby making it a very lucrative one.
Also, as a result of innovations in technology, bicycle shops with very strong online presence have made more sales than they did in the past.
Sales and Marketing Strategies The bicycle store industry is very lucrative and easy to set up. As a result of these, there is a very high level of competition. Now, as a new business that is looking to break into the market in this industry, we have carefully come up with strategies that will help us effectively market our products and services to our prospective customers.
Some of our marketing strategies are; We will ensure that we have a very strong online presence We will ensure that we create awareness about the existence of our business by distributing fliers in public places. We will also sell at cheaper prices to our first set of customers as well as our regular customer.
Target Market We have carried out our research, and we have come up with the best group of people to offer our services to. Those that fall into this category are Sportsmen.The Massachusetts Bicycle Coalition (MassBike) promotes a bicycle-friendly environment and encourages bicycling for fun, fitness and transportation.
University Cycle Works retail bicycle shop business plan executive summary.
University Cycle Works is bicycle specialty store, offering retail sales of new bicycles, parts and accessories, clothing, and maintenance and repair service.
First established in , the Manasquan Bike Shop is now a third and fourth-generation family-run business. We proudly offer friendly, personal service, and our careful pricing will keep you coming back for all of your family's cycling needs. Edition Champaign-Urbana Area Route Map (front and back as pdf files).Routes recommended by bicyclists, the Urbana Bike Master plan, and the Champaign Transportaion plan.
University Cycle Works retail bicycle shop business plan products and services. University Cycle Works is bicycle specialty store, offering retail sales of new bicycles, parts and accessories, clothing, and maintenance and repair service/5(17). Derby Bicycle Center is a professional independently owned and operated bicycle store in business over 30+ years that specializes in Bicycle Sales, Bicycle Service, Bicycle Clothing and Screen Printing for individuals and teams.