7 Bicycle Repair Service Success Stories [2024]

Updated: November 19th, 2023
Start A Bicycle Repair Service

Heightened interest in environmental conservation and the surge in exercise have contributed to increasing cycling. More people prefer cycling to work over using public and private vehicles.

As the use of bikes becomes more popular, the demand for bike repair is getting higher. People will take their bikes to a repair service for a regular tune-up and keep the bicycles safe and steady throughout.

Thus, if you are mechanically inclined and are interested in cycling, you can earn good profits from a bicycle repair service. To start, you can open a workshop in your home or serve people door-to-door.

Here are some real life success stories of starting a bicycle repair service:

1. Tower Electric Bikes ($3.6M/year)

Stephan Aarstol, the CEO of Tower Electric Bikes, came up with the idea for his business while observing the growing trend of electric powered vehicles on the beach boardwalk. He saw the potential of electric bikes as the perfect form of transportation and recognized the fragmented market of ill-conceived products and brands. With his experience in the paddleboard industry, Aarstol aimed to create a high-quality, low-cost eBike brand that would fill the void in the market, ultimately building the world's first famous eBike brand.

How much they make: $3.6M/year
How much did it cost to start: $30K
Current team size: 6

article

How I Partnered With Mark Cuban To Start A $250K/Month Company Selling eBikes

Tower Electric Bikes is a direct-to-consumer eBike brand co-founded by Stephan Aarstol and Mark Cuban, which has done over $36 million in sales since its $150,000 investment in 2012, and produced and sold everything from paddleboards to electric bikes for half the retail price, with the aim of creating the world's first famous eBike brand.

About
Stephan started Tower Electric Bikes almost 14 years ago
Revenue
Stephan grew the business to $300K/month
Costs
It cost Stephan $30000 to start the business
Read by 25,491 founders

So... can you actually make money with a bicycle repair service?

Of course. There are millions to be made in this industry.

But how?

  1. Research real, profitable businesses and see exactly how much money they make.
  2. Study exactly what works, and what doesn’t.
  3. Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

4. Tower Electric Bikes

Best electric bikes for sale by Tower, the direct to consumer brand of ebikes that are twice as nice as cheap electric bikes and half the price of e-bikes sold at retail.

How much they make: $3.6M/year
Where they're located: San Diego, California, USA
How much did it cost to start: $30K
Current team size: 6

How I Partnered With Mark Cuban To Start A $250K/Month Company Selling eBikes

Tower Electric Bikes is a direct-to-consumer eBike brand co-founded by Stephan Aarstol and Mark Cuban, which has done over $36 million in sales since its $150,000 investment in 2012, and produced and sold everything from paddleboards to electric bikes for half the retail price, with the aim of creating the world's first famous eBike brand.

About
Stephan started Tower Electric Bikes almost 14 years ago
Revenue
Stephan grew the business to $300K/month
Costs
It cost Stephan $30000 to start the business
Read by 25,491 founders

5. RAMP

RAMP - The best garage management software which helps garage owner to manage customers (CRM), create job cards, billing and invoicing, manage discounts & coupons, technicians, inventory , vendors and purchases and provides business intelligence.

Where they're located: دهستان جرقویه علیا, Isfahan Province, Iran

article

So... can you actually make money with a bicycle repair service?

Of course. There are millions to be made in this industry.

But how?

  1. Research real, profitable businesses and see exactly how much money they make.
  2. Study exactly what works, and what doesn’t.
  3. Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

7. Full Cycle

article