How To Start A Business Offering Bike Rental And Tours San Francisco


By William Adams


With the rising oil prices, bicycles for rent have never witnessed more demand. Today, most tourists would rather go for this mode of transportation rather than hire cars as was the case before. Here is how to cash in on the trend by starting a business offering bike rental and tours San Francisco will adore.

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You will first need to acquire knowledge of the bicycle rentals industry in your city. You have to do enough research and widely consult. An important tip to use here is finding a seasoned businessman who has been in the business for many years. Ask them about the tricks of the trade that you will need as a beginner to succeed. Finding someone willing to help you may take time and you should exercise patience.

Determine your capital needs. It is important to work out the amount of money you will need to begin operations. The main cost will obviously be the money needed to purchase a fleet of different types of bicycles. The cost will depend on the number of bikes you need, brand and quality. Used fleet may be cheaper to acquire, but maintenance cost will be high.

It is important to write down a business plan. Most of the aspects of your new venture will be guided by the document. If you do not know how to go about this step, you are advised to seek professional help. You also need a detailed plan to present to your bank when seeking credit. You can also finance you new venture through donations from close family and friends. Still, you can work with business partners who share in your dream.

Choose a strategic location for your new business. The enterprise need to be located appropriately if it is to attract as many customers as it can. A good position would be along a busy street so as to allow motorists and pedestrians sample what you have to offer. Still, you can also consider going for a premise that hosts other similar business.

Look for vendors who are selling good tour bikes. Sourcing for a good fleet is bound to take time and thorough research. Searching online also gives you a chance to view various types of bicycles on offer. Additionally, you can seek recommendations from other similar businesses. Do not choose any seller without researching their reputation. Talk to real customers who have worked with a vendor before and check out referrals and recommendations.

Get different estimates. You do not need to compare prices from different bike manufacturer or sellers. This will enable you compare their prices so as to choose what is within your price range. However, when buying stock for your tour business, you need to compare value and not just price. To identify vendors in your city, you can seek referrals from other businesses. You can also search for more options online.

On identifying a good vendor, you will have to need to identify qualified and experienced staffs. You will require someone to handle administration duties as well as a few riders with good knowledge of different routes. To get clients streaming to your new business, you should invest a lot in marketing. Use social media and offline platforms to spread the word out there on your company.




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