Description of franchise system
Take a ride to success
I want to ride my bicycle, I want to ride my bike... Start your own fabulous bicycle race! Cyclelife was launched nearly eight years ago by the World's No.1 cycle company Raleigh to provide a modern Cycle Retail business. Raleigh recognized the gap in the market and decided to establish a brand with an attractive concept and affordable prices.
For you, this is an opportunity to grow a retail business with premium quality products, a brand new store look that reflects the latest market trends and attracts the 21st century cyclist. Our brand image is based on a fresh, modern, and enjoyable store concept with friendly and warm colors and without any fuss.
Our growing network of franchisees, trust worthy national suppliers, and our motivation to become the best and biggest in the industry are the base of our success…
And we are currently recruiting new partners to join our franchise network this year! We aim to become a recognized market leader and have the largest independent Cycle network in the UK - That's why we need you!
We're not like other franchisors. We generate income from retailing our products. Cyclelife doesn't charge any royalty or management fees. We don't charge any license fees, so you will be able to invest that money into your new franchise business. The only thing that we charge is 3% of every order.
And from this, we invest 50% towards signage and store re-fit. And we also invest in marketing your launch. The average turnover for established Cyclelife franchisees lies between £150.000 to £200.000. Our financial models show that you can produce a great net profit of about £25,000 before personal drawings and tax.
Franchise partner profile
Here's what we are looking for in a franchisee
What do you need to become a Cyclelife franchisee? Cyclelife is actively seeking new, full-time franchisees with a hands-on approach to work. Don't worry, you don't need to be cool, young biker or a cycling fanatic, but of course you should be interested in the outdoors market and bikes. And you need to be willing follow our proven business formula.
Still, we are continuously interested in new ideas and improvement of our concept. Demonstrate a positive attitude and enthusiasm about operating your own business, and you're perfect for us. Cyclelife franchisees must be able to demonstrate great interpersonal skills, ready to work hard and bring a lot of commonsense. If you are able to invest the required working capital. If our concept sounds good to you and fell you can identify with Cyclelife, go ahead and join us!