6 Cycling Gear Store Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

Start A Cycling Gear Store

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

Here are some real life success stories of starting a cycling gear store:

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 they make: $660K/year
How much did it cost to start: $95K
Current team size: 26

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.

About

Mukund started Mastermind Bicycle Studio about 9 years ago

Revenue

Mukund grew the business to $55K/month

Costs

It cost Mukund $95000 to start the business

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