5 Bike Accessories Business Success Stories [2023]

5 Bike Accessories Business Success Stories [2023]
Start A Bike Accessories Business

Here are some real life success stories of starting a bike accessories business:

1. State Bicycle Co. ($12M/year)

Mehdi Farsi (from Tempe) started State Bicycle Co. over 13 years ago.

$1M / month
2 founders / 15 employees

Case Study

My name is Mehdi Farsi, I'm the co-founder of State Bicycle Co. in Tempe Arizona. We specialize in great-looking, great riding bicycles, parts, and accessories that are both attractive and affordable.

We sell our own brand of bikes, clothing, and accessories, as well as a handful of curated complimentary products directly on our website and through over 400 bike shops worldwide. The business has grown to over $50m+ in annual sales and we’ve produced over 100,000 bikes.


2. Yuba Cargo Bikes ($12M/year)

Ben Sarrazin (from San Juan Capistrano, CA, USA) started Yuba Cargo Bikes about 16 years ago.

$1M / month
1 founders / 30 employees

Case Study

Ben Sarrazin, Founder, and CEO of the Yuba Group, designer, creator, distributor of load-carrying bicycles (bikes to carry things, passengers, sports equipment, tools, pets).

Over the past 15 years, Yuba has put over 50,000 cargo bicycles on the road. That is a lot of happy families.


Learn more about starting a bike accessories business:

Where to start?

-> How much does it cost to start a bike accessories business?
-> Pros and cons of a bike accessories business

Need inspiration?

-> Examples of established bike accessories business
-> Marketing ideas for a bike accessories business

Other resources

4. ESKUTE ($3.36M/year)

Alan Chen (from Birmingham ) started ESKUTE almost 2 years ago.

$280K / month
1 founders / 60 employees

Case Study

I’m Alan Chen. We founded ESKUTE electric bike in April 2021, when COVID-19 was prevailing. The idea of launching an ebike project appeared in 2019, so I registered the brand first. The company currently has a factory in Poland that can supply products to the warehouses in the UK and Poland and provides 5-8 days fast delivery within Europe. During this period, we prepared a lot. From website building to office rental and cooperation between the factory in Poland…

Now our team is nearly 30 staff members in the office and more in the factory. From the very beginning, we sold scooters in America. It didn’t behave optimistically. So we changed our market to Europe and made some product categories changes from scooters to ebikes. Now our electric bikes are almost sold all over Europe.


Pat Walls,  Founder of Starter Story
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