When it comes to bicycles and motorcycles, there is no shortage of enthusiasts. According to reports, there are over 12 million motorcycle owners in the United States. And cycling and mountain biking continue to grow in popularity. Men falling in the 18 – 25 and 40 – 65 age brackets represent more than 80 percent of motorcycle sales.
In this industry, motorcycle businesses tend to generate income based on the goods and services offered. Some of these businesses will operate on a local level only, while others sell goods online, expanding their reach to a much broader audience.
But unlike many businesses, motorcycle businesses tend to see a profit in the first year. While the first three years may generate a profit of $13,000 to $17,000, this is a positive sign and sets the business up for long – term growth and success.
However, total annual profits vary, depending upon the specifics of what services the business offers, what parts and accessories you sell, and how you plan to sell them. Annual profits can range between $35,000 to $64,000 and more.
Service and repair, bike and accessory sales, and rentals are all opportunities within this inviting industry. Motorcycle and bicycle enthusiasts alike are serious about their rides and are always on the lookout for ways to keep their bikes in tip top shape and on the road.
So if you’re passionate about bikes, this could be the right opportunity for you. Switch gears on your career and ride into your future as a franchise owner in this niche market offering the products and services bike enthusiasts seek. Here are top motorcycle franchise opportunities in the United States to consider.
5 Best Motorcycle Franchise Opportunities and Their Cost
1. Velofix Holdings Ltd.
This company sells and 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 service of bikes. Velofix also provides ski and snowboard services. Additionally the company offers bike rentals and biking event organizing services.
Financial Requirements
- Initial investments: $169,200 – $202,700
- Initial Franchise Fee: $25,000
- Ongoing Royalty Fee: 85 percent
- Ad Royalty Fee 2 percent
2. Unlimited Biking
This company is renowned as one of the leading premier bike rentals, tours and experiences company with multiple locations in America. Established back in 2010 with its first location in New York, Unlimited Biking has grown to become one of the top experience providers in the respective cities that they are open in. Known for their high quality service and products at an affordable price, Unlimited Biking is the top choice when it comes to any activities related to bikes.
Financial Requirements
- Initial Investment: $48,000 – $214,000
- Net – worth Requirement: $150,000
- Liquid Cash Requirement: $50,000
- Total Investment: $48,000 – $214,000
3. Riders Share
This 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 gruelling process that is traditional 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.
Financial Requirements
- Initial Investment: $5,000
- Net – worth Requirement: Unknown
- Liquid Cash Requirement: Unknown
- Total Investment: $5,000
4. Express Oil Change & Tire Engineers
Express Oil Change is an American brand of automotive oil change, tire, and general service centres Established in 1979. The company is headquartered in the Birmingham, Alabama. Express Oil Change & Tire Engineers also offers franchise opportunities.
Financial Requirements
- Initial investments:$1,863,000 – $2,716,000
- Net – worth Requirement: $500,000
- Liquid Cash Requirement: $350,000
- Initial Franchise Fee: $35,000
- Ongoing Royalty Fee: 5 percent
- Ad Royalty Fee: 3 percent
5. Eaglerider Motorcycle Rental
This is the largest motorcycle tourism company in the world specializing in rentals of motorcycles, ATVs, dirt bikes, scooters, snowmobiles and watercraft. Eaglerider understands the needs of motorcycle enthusiasts and adventure travellers.
That’s why Eaglerider offers a huge selection of perfectly maintained Harley Davidson, Honda and BMW motorcycles, and allows one – way rentals or guided tours between franchise rentals facilities located in the most desirable tourist destinations in the world.
An Eaglerider Motorcycle Rental franchise is a fun and rewarding opportunity that offers entrepreneurs the chance to maximize profits, leverage existing facilities, and expand their customer base. Eaglerider has franchise license opportunities available in territories across the country.
Financial Requirements
- Liquid cash requirement: $69,500
- Net worth requirement: $350,000
- Total Investment: $47,283 – $179,496
Initial Franchise fee: $20,000
The retail and service industry requires a really thick skin; particularly in the motorcycle community. Howbeit, leverage a franchise to understand how the motorcycle industry works, then value and build relationships with your customers, and watch your business slowly begin to thrive.