Bike Shops Going Out Of Business

Whether for exercise or for a safer means of travel bicycle sales are speeding up.

Bike shops going out of business. People are thinking i want to have independence says will butler adams chief. Independent bike retailers have been fighting for survival for more than 15 years. When performance s parent company philadelphia based advanced sport. 07 2018 globe newswire gordon brothers announced today that it will begin store closing sales at 102 performance bicycle locations across the country.

That means putting on shop rides regularly getting involved with trails and having work days putting out resources for local riders going clinics at schools with bikes and bike repair sponsoring grassroots or bigger races and events having a bbq at the shop trail advocacy getting a pump track built helping with a high school team. A few recent developments could put these beloved brick and mortar shops out of business for good. If you can find a good bicycle business that s for sale you ll have an. Considering the average startup business fails within the first three years of operation it s a good idea to buy an existing bike shop as opposed to starting one from scratch.

Every year bike sales in america hover between 5 8 and 6 billion.