Do you want to start a electric bike business by buying a franchise? If YES, here are 11 best electric bike franchise opportunities for sale and their cost.
Entrepreneurs are beginning to acknowledge the e-bikes business as a profitable business opportunity and want to capitalize on it. And even with the option to start from scratch, the idea of owning an e-bike franchise is what has them interested.
Note that by owning an e-bike franchise, entrepreneurs have everything ready and prepared; they don’t need to go through the hard work of establishing a new system and a brand. But buying an e-bike franchise (or any franchise for that matter) is not simple. Entrepreneurs are advised to ensure that the brand they’re partnering with is the right fit and has the potential to get them substantial returns in exchange for their hard-earned investment.
The first step when buying an e-bike franchise is to do your research on the different e-bike franchise opportunities available.
While doing your research, keep these few important considerations in mind: the amount of investment required for each option and which option best suits your budget, how much can you expect in ongoing costs when owning and running a particular franchise, does the franchise offer the option to relocate your business in future, does the franchise provide training and support to franchisees, are there any other franchisees already operating in or close to the area where you plan to open your franchise, and is the franchise reputable?
Based on the above considerations, it’s very important you create a list of potential e-bike franchises that you are interested in working with. Take your time to analyze and shortlist the options that best suit your budget, do not demand unnecessary fees, provide the flexibility to relocate, offer training and support, and have a good reputation in the industry.
Immediately you have successfully shortlisted e-bike franchises that you may want to work with, contact them individually and inform them of your credentials and particulars. Contact with franchises is typically established through application forms that you can find on their websites.
Have it in mind that not every e-bike franchise you contact will return with a favorable reply. After that, be sure to request for FDD. FDD or Franchise Disclosure Documents are documents that contain all the information about a franchise.
From a list of existing and past franchisees to franchise financial performance over the years — you can find every piece of information in the FDD. Use this information to narrow down your list further. The next thing to do is to pay the franchises a visit and meet their team.
This should be your final step in assessing the shortlisted e-bike franchises. After this step, you should be able to decide which e-bike franchise you want to work with. Below are top electric bike franchises to consider in the united states of America.
11 Best Electric Bike Franchise Opportunities for Sale and Their Cost
A Motoped is an easy to ride motorized bicycle with smooth capabilities of pedaling and cruising. The RentMOTOPED team is passionate about giving residents and tourists a fun way to catch a sight of the city. RentMOTOPED is the exclusive distribution channel for Motoped bikes and related products.
Together with the manufacturer, RentMotoped established a rental kiosk franchise which operates out of a custom – built shipping container. Franchisees have the opportunity to rent Motopeds in their local markets as well as sell Motoped bikes and merchandise.
- Initial Investment: $180,200
- Net-worth: $150,000
- Liquid Cash Requirement: $70,000
- Total Investment: $180,200 – $223,800
Sportsco has come a long way since its inception in 1983, where eight independent sports store owners saw a need to fill the current gap in the market for sports footwear and clothing. Once perceived as a general sports store, Sportsco reassessed their position the market after months of research in 2007 and found that there was a gaping hole in the retail industry to cater for consumers who are looking for a destination for footwear, equipment and apparel which will match their performance requirements.
- Initial Investment: $72,651
- Net-worth: $140,000
- Liquid Cash Requirement: $80,000
- Total Investment: $72,651 – $194,100
- Riders Share
RidersShare is a motorcycle sharing marketplace where riders can book any bike they want, from stock low capacity bikes to high end full custom rides, all while avoiding the grueling process that is traditional to rentals. Riders Share is a turnkey solution for starting a motorcycle rental business. The investment is minimal: all you need is a motorcycle or more, properly maintained and registered.
- Initial Investment: $5,000
- Total Investment: $5,000
This company pioneered the motorcycle rental and tour business in 1992. Since then, the brand has become synonymous with motorcycle and assorted bikes adventure worldwide. The company offers multi-brand rentals, guided and self-guided tours, apparel and service as it continues to expand its reach globally.
- Initial Investment: $68,400
- Net-Worth: $400,000
- Liquid Cash Requirement: $200,000
- Total Investment: $300,000
- Voltaire Cycles
The Voltaire Cycles Company is a bike shop focusing on cycling solutions including electric-assist, recumbents, trikes, cargo, and special needs. They firmly believe that if there is a transit need, then there is a cycling solution. Their product range is wide, from traditional bikes, to recumbent trikes, to e-bikes, e-scooters, and lately, boosted electric skateboards.
Established in Verona, New Jersey in 2014, Voltaire Cycles has grown massively, taking its cycling message across the nation. There is a very lucrative franchise opportunity available that has great potential for both growth and profit. Have it in mind that owning a Voltaire Cycles franchise will provide you with the opportunity to partner with an innovative and successful group of business owners and technicians, all of whom are experts in their field.
- Initial Investment: $110,025 – $388,600
- Franchise Fee: $29,900 – $29,900
- Royalty Fee: 3%
- Ad Royalty Fee: 1%
- BigCat® Electric Bikes
This company provides flexible packages with easy set-up options to guarantee that all levels of business knowledge and needs are satisfied. All you need to do is choose which options are best for you! BigCat®USA will do the rest to get you on your way to gaining immediate cash flow. Join the Big Cat USA team that supports all lifestyles, promotes healthy living, and encourages a positive mindset.
- Liquid Cash Requirement: $10,000
- Net Worth: $10,000
- Total Investment: $10,000
Electrobike, is an urban mobility solutions Company, harnessing technology to help eliminate traffic, carbon emissions and obesity, improving health and overall quality of life. This company has grown from being just a one location business to a company that offers huge opportunities to willing entrepreneurs.
- Initial Investment: $92,000
- Total Investment: $92,000 – $115,000
- Wheel Fun Rentals
This company provides pedaled, electric, and gas vehicles such as surreys, chopper bikes, beach and tandem cruisers, mountain and road bikes, electric Hummers, scooters, mopeds, and bike boards. Customers can also look to the company for guided tours by global positioning system, handheld GPS systems, boogie boards, beach chairs, canoes, bumper and pedal boats, roller blades, and wheelchairs.
Note that some products are available for sale. Franchisees receive training on running the business. The company also provides support such as site selection, retail design / layout, preopening, operational, and advertising/marketing assistance.
- Initial Cash Requirement: $75,000
- Velofix Holdings Ltd.
Velofixsells repairs bikes and bike parts through its mobile stores. The company also offers franchise opportunities. It operates a website which enables users to request for repair and servicing of bikes. Velofix also provides ski and snowboard services. Additionally, the company offers bike rentals and biking event organizing services. The company was founded in 2012 and is based in Vancouver, Canada.
- Initial investments: $169,200 – $202,700
- Franchise Fee: $25,000
- Royalty Fee: 85%
- Ad Royalty Fee – 2%
- Beeline Bikes
This company was built by mechanics for mechanics and they’re taking a new approach to the bicycle industry. Have it in mind that by enabling customers to schedule a Mobile Bike Shop at the time and location of their choosing, they are reinventing how people interact with bike shops by providing the ultimate in customer convenience.
In just two years, they have surpassed the expectations of thousands of customers. They accomplished this by supporting customers at their homes and at over 100 corporate partner locations throughout the San Francisco Bay Area.
- Total Investment: $78,000 – $132,000
- Initial Cash Requirement: $25,000
Each Bike Doctor is an individually owned and operated franchise. The stores are primarily located in the Maryland area. Steve Ruck founded the first Bike Doctor in Arnold, Maryland in 1988. As the business started to grow, several customers inquired about the possibility of owning their own stores.
At that time Mr. Ruck started to consider the possibility of selling franchises of the Bike Doctor stores. Mr. Ruck sold the first franchise to Mark and Julie Tollet who opened their store in Odenton in 1991. The original store is now called Crofton Bike Doctor.
- Initial Investment: $32,800
- Net-Worth: $260,000
- Liquid Cash Requirement: $174,738
- What to Look Out for Before Buying a Camper Van Hire Business for Sale - January 20, 2021
- Why Is It Important to Go the Extra Mile for your Clients? - January 12, 2021
- 10 Best Air Purifier for Hair Salons - December 23, 2020