Have you ever thought about starting an e-bike rental business? Do you need a detailed and accurate guide on how to run and create one? If you keep nodding in agreement with the above questions, then this is a supporting article with basic tips and advice to help and improve your e-bike rental startup process.
E-bike businesses are more profitable and sustainable now than ever before, as a result of the fact that fuel prices have increased markedly. Thus, if you live in an environment where private vehicles remain scarce, or in an area that is so narrow that cars cannot pass through there, then setting up a bike rental business would be a great opportunity for you in this area. What’s more, you can open an e-bike rental business with a franchise. In this article, RexSoft experts will share their experience and tell you how to do it right.
How to create an e-bike business?
Creating your own bike rental business is a profitable and useful investment. But, ideally, you should first come up with a plan of what the business will look like in detail before you start. Also, applying knowledge of how to make your rental business profitable is the key to a good start. The bike rental industry has its own unique tricks of the trade, and it will be a big plus to know them.
- This vital business information can only be obtained from someone who has extensive experience in the field, and, in fact, someone who would be a potential competitor.
- There are several business people who are willing to talk and discuss the tricks of the trade with you, because, come to think of it, finding them alone will not be easy, maybe it will take a lot of your time.
- In the business plan itself, try to determine how long it will take to get started. How you see the development strategy, what minimum costs are required, and how you are going to cover them. In addition, you need to define the goals and objectives of the business you are creating. Who will be your client? What services can you offer?
Answers to all these questions are much easier if you buy a ready-made electric bike franchise. For example, buying a franchise from RexSoft is the best solution to start. Let’s take a look at what you get when you buy an e-bike business franchise from RexSoft:
- Help with purchasing e-bikes
We have representatives in China who provide delivery of e-bikes from the factories to your country.
You will get comprehensive consulting to start your e-bike rental business.
- Signing the agreement
We sign a franchise agreement stating the responsibilities of the parties.
- Unique UI
We’ll prepare the brand identity for the bike rental business app, and all you have to do is approve it.
- Customization of functionality
We customize the app and CRM for managers and connect e-bikes to it.
- Deployment and testing
We publish the app to the Play Market and iOS App Store and test all the software for unexpected issues.
- Maintenance and support
We monitor and improve the state of the software within the e-bike franchise.
By becoming a franchisee you get the opportunity to start your own e-bike rental business in no time. Our experts will explain to you how to do it right, and all you have to do is choose a location and take care of servicing e-bikes, charging them, and fixing them.
How much does an e-bike business franchise cost?
Electric bike franchise cost is purely individual and depends directly on the number of bikes in the fleet. The main costs come from connecting and maintaining the bikes. The one-time fee for connecting to an e-bike business franchise and setting up the application can range from $5,000 to $7,000. This variation in price is due to the following factors:
- Integration of different payment methods;
- The number and model of e-bikes;
- Taxes and other costs;
- Additional functionality.
You also have to pay a monthly fee. The monthly fee for an e-bike franchise depends on the number of bikes and ranges from $5 to $8 per bike. The rate per bike decreases as the size of your fleet increases.
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The business franchise is not a lottery ticket. As long as you follow the instructions carefully, you will quickly recoup your investment, make a profit and get the experience you need. But it will be serious work. With a good business partner in a well-oiled business, you can get your money back in full. Remember, even in a business organized according to someone else’s mold, you invest yourself. With money, time, and hopes. Be careful and thoroughly check all the documentation. Do not refuse advice and support. Franchises around the world have stood the test of time. It’s about time you got your own e-bike rental franchise business, too. Just contact us and our experts will quickly and clearly explain what’s what.