Cycle Store Business Idea: Nowadays, everyone wants to buy a bike or a car, so many people wonder how successful a cycle business can be if they start one. If you are also planning to open a cycle store, complete information is provided here. Is a cycle store business profitable in today’s time? If you want to learn more about it, read the information given below carefully.

In a cycle store, you can sell different types of bicycles and make good money. How much does it cost to open a cycle store, and how much profit can you generate? Let’s get some insights into this.

Demand for Cycle Stores

In a cycle store, you can keep different types of cycles for children, teenagers, and adults. Nowadays, electric cycles are in high demand, so you can stock them in your store. If you seriously want to start a business, you need to plan everything carefully. Entering a business without proper planning can lead to losses. You should conduct market research first and then start this business.

Right Location for a Cycle Store

If you want to start a cycle store business, you need to choose a good location. A busy market area can be highly profitable for a cycle store. You should select a location where people passing by can easily see the cycles displayed. If there are no other cycle stores nearby, your income can increase even more.

Which Cycle Brands to Sell?

There are many popular cycle brands in India that people prefer. Below is a list of some top cycle brands that you can stock in your store, as they are highly favored by customers:

  • Atlas
  • Hero
  • BSA
  • Avon
  • Giant
  • Hercules
  • Bianchi
  • Ladybird
  • Kross
  • Roadeo
  • Trek
  • Merida
  • Mach City
  • Ridley
  • Firefox
  • Mongoose

Investment and Income in the Cycle Business

If you want to start a cycle business, the initial investment required is between ₹10 lakh to ₹20 lakh. The price range for cycles that customers usually purchase is between ₹5,000 to ₹20,000, but you can also keep some premium cycles in your store.

Your monthly income will depend on your sales volume. If you open a large store, you can earn between ₹1,000 to ₹2,000 per cycle. If you manage to sell at least 10 cycles per day, your monthly earnings can range from ₹3 lakh to ₹6 lakh.