How Much Does It Cost to Open a Pedego Store?

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Electric Bikes: An Exciting Industry

  • The electric bike industry is growing rapidly, with 15 percent growth expected in 2018.
  • Pedego is the No. 1 U.S. brand.
  • Demand for electric bicycles, or e-bikes, has been picking up speed.

Owning a Pedego Store

  • Owning a Pedego store is not only a great way to earn a living, it’s also a great way to positively impact the lives of other people!
  • Now is the time to jump on this incredible opportunity before everybody else does!
  • Pedego has more than 200 retail stores globally.

Financial Aspects

  • The average cost to start a store is $75,000.
  • The average bike shop owner earns $49,877 per year.
  • You need $17,000 to $20,000 on average to open a toy store.

Margins and Markups

  • A high margin would be 40-45% (66-80% markup), low end would be around 20% margin (25% markup).
  • For a $500 bike, a 40% margin is $200, $300 original cost to the shop.

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