According to Bicycle Retailer and Industry News, the average LBS grosses $700,000.00/yr. However, you have to dial it down to your local market. IMO, most community bike shops don't come close to competing on dollar volume. Look at your LBS(S), who are their customers? In our situation, we are in the inner city. There are no shops in this city. All are out in suburban communities. They are marketing to those with more disposable income. They sell recreation. We sell transportation and sustainable living. SCC is not in competition with our LBSs
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Subject: [TheThinkTank] Bike Shop market analysis
Date: Fri, Nov 22, 2013 12:19 pm
Hi all -
I was wondering if anyone who has a bike co-op or non-profit/community shop looked at bike-related sales tax revenues before and through the existence of the shop, or done any market research to show that shops like these are market expanding, and do not necessarily compete with the local traditional for-profit shops. We have several opportunities to go after some economic advancement grants, and would love to show this. as well, we would love to use this data over the years to track local growth of cycling sales as one proxy for participation.
Scott ConlinBoardmemberBicycle LongmontLongmont, CO