Cycling Gear Store

Cycling Gear Store Success Stories [2024]

Updated: July 4th, 2024

The global cycling gear and wearables market is growing, as more people are opting for cycling as a form of leisure.

In this list, you'll find real-world cycling gear store success stories and very profitable examples of starting a cycling gear store that makes money.

1. Mastermind Bicycle Studio ($660K/year)

Mukund Thakkar came up with the idea for Mastermind Bicycle Studio after a transformative cycling trip from London to Paris. Realizing the lack of premium cycling products and practices in India, he started the business at the age of 26. Since then, the business has consistently grown at a rate of 55% to 65% YoY, with a strong focus on customer engagement and a physical presence combined with a digital strategy.

How much money it makes: $660K/year
How much did it cost to start: $95K
How many people on the team: 26

SMALLBORDER

How I Started A $55K/Month Chain Of Cycling Gear Retail Stores

Mastermind Bicycle Studio has consistently grown sales revenue at a rate of around 55% to 65% YoY since its launch in 2015, and with a strategy of constantly reinventing itself and remaining patient with consumer feedback, it plans to expand its online presence and continue expanding its retail footprint across India.

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