Keep your bike rental business rolling

To start renting bikes online, you need a website optimized for online bookings. Bike rental management software like Rentle makes this easy to do.

Add the products and services you want to rent and sell on your website and determine the quantities in Rentle's inventory management system. That way, your availability is always up to date, and you don't get overbooked. Next, set up your payment options so your customers can book and pay their rentals in advance.

Once everything is set up, you can embed Rentle to your existing website or use Rentle as a standalone website.

Starting a bike rental business is a lucrative opportunity because the cycling tourism market is growing fast. However, it requires a lot of planning, preparation, and setting up processes.

First, you need to make a business plan. Your business plan includes a description of your business, market and competitor analysis, financial plan, and marketing plan. It is also important to consider how you will organize your rental shop processes, such as inventory management, order processing, and bike maintenance on your premises.

For more information, read our full guide on how to start a bike rental business →

In general, a bike rental business can be very profitable and enjoy high profit margins. Still, just like with any business, profitability comes down to your business's income and expenditure structure. It is also worth noting that cycling is a seasonal activity in many countries, which should be taken into account when assessing the profit potential of a business.

Incomes are primarily determined by whether there is a demand for bike rental services in your area. One of the essential factors in ensuring demand is location. Inventory, business space, insurance, and staff salaries are typically the most significant expenses. To better understand your financial estimates, we recommend taking a look at our guide to financial planning and budgeting →

It is strongly recommended that you start using bike rental software from the early days of your business. Bike rental software allows you to manage your whole business in one place instead of several apps. This gives you a better overview of your business and helps you control the rental operation more accurately.