Did you know that the bicycle market in the United States is estimated to be worth more than $6 billion? With so many bikes being sold in the United States each year, it shouldn’t come as a surprise that there’s also an enormous market for bicycle repairs.
If you know a fair bit about bikes and are thinking about starting your own bike repair shop, it’s important to first understand what it involves.
Keen to find out how to start a bike repair shop? Here’s what you need to know…
Establishing your business as a sole proprietorship, partnership, limited liability company (LLC) or corporation will have implications on the amount of tax you’re liable to pay and your level of personal liability.
Once you choose a name for your business, you’ll need to register the business with state authorities to form a legal entity.
Also known as an Employer Identification Number (EIN), tax ID numbers allow you to pay all relevant taxes.
Check with local and state authorities to see if you’re required to obtain any licenses or permits to operate the business.
Include your vision for the business, your proposed service model, your sales and marketing strategy and financial projections.
Consider if you need general liability, property, income, professional liability or any other types of insurance.
Source a suitable location to operate the business from.
Consider everything you’ll need to operate your business day-to-day.
Work out how you’ll manage your point of sale, customer database, inventory and accounts to ensure the business can run smoothly.
Leading bike repair shops choose Workshop Software because it combines your point of sale, customer relationship management, inventory, stock ordering, accounts and staff workload management in a single easy-to-use cloud-based system, streamlining your operations and keeping everything running efficiently and smoothly.
Find out more about our bike repair shop software or get started with a free trial of Workshop Software today.
“After using the software for a month with the Quickbooks integration, we can see that keeping up with parts and records is much easier. The integration helps up with knowing what is going on in the Workshop. Workshop Software is good.”
Cave City Truck
& Trailer Repair
“The Web class was really great. It helped as a trialing client, to understand the system.”
Happy Motoring
“I love Workshop Software, it is absolutely brilliant and the best software I have ever used. No dramas at all.”
Miramar Auto Centre Limited
“Really liking Workshop Software and how professional the invoices look. Support has been great the whole time. They are always consistent in calling us and making sure our questions are answered.”
AJ’s Mobile Automotive
“I needed workshop specific invoicing software, I chose this software as it was the best one I found that could do what I needed. I’m better at organising my work and it looks very professional, I do recommend this software as it’s easy to use.”
Byron Shire Auto Repairs
“We really like the facebook tips and find the software impacting our business in a positive way
NQ Diesel