A Low-Cost Franchise with Pedal Pub is a Wise Investment
At Pedal Pub, we understand the importance of establishing a low-cost franchise in a top market without sacrificing your ability to bring customers on an unforgettable, amazing ride. A Pedal Pub franchise offers a low start-up investment and low overhead business model.
Most entrepreneurs who are new to the party bike industry originally think that acquiring and maintaining the bikes is cost prohibitive – but are pleasantly surprised to hear about Pedal Pub’s franchise with low startup costs!
Our first-year startup costs are estimated at only $77,500–$199,500. This investment estimate includes the cost of purchasing one or two bikes. It also covers initial insurance costs and storage, working capital, marketing, and other expenses. Take a look at our detailed investment costs below to see why Pedal Pub can be accurately described as a low-cost franchise opportunity.
The Pedal Pub Franchise or License Cost
About 50% of the start-up investment in a Pedal Pub franchise goes directly to the bikes, so you’re always prepared to meet the demand for our tours, and can add bikes as your demand and business grows!
*** This Franchise Qualifies for SBA Loans ***
We have established bank partnerships we can refer you to.
Visit Our Franchise Opportunity Page!Low Real Estate and Labor Expenses
Most Pedal Pub franchisees spend about half of their startup investments on their bikes. You won’t have many real estate expenses since your main cost will be leasing storage space for the bikes. When you start your Pedal Pub franchise, you’ll likely only need to hire three to five part-time employees to pilot the bikes. Most employees are paid affordable hourly rates since they often receive significant tips from customers.
Pedal Pub Franchise Discovery Journey to Business Ownership
Take the First Step Towards Entrepreneurship with the Franchise Discovery Process
Explore the possibility of working with a Pedal Pub through the discovery process. A franchise development representative will guide you, helping you understand the business and make an informed decision. This process focuses on education, not sales, ensuring you have the knowledge to decide if it’s the right fit for you.
Introductory Call
A Pedal Pub franchise development representative will reach out to schedule a brief introductory call. It's a short, high-level conversation that allows both parties to introduce themselves and find out a little more about each other.
Brand Overview
Receive detailed information and presentations about the franchisor's brand, strategy, and goals through various materials. Use this opportunity to ask questions and understand the business better. During this time, we want to get to know you, your goals, and answer your questions.
Submit Personal Profile Application
Submit a Personal Profile Application for consideration. The franchisor will review your application and schedule a call to discuss your background and goals.
Explore the Franchise Disclosure Document
Review the Franchise Disclosure Document (FDD), which details the financial requirements and rules of owning the franchise. This document provides detailed information about the franchise, including the franchisor's background, the initial investment required, and the terms of the franchise agreement.
Reach Out to Existing Franchisees
Talk to current franchise owners to hear about their experiences. This step is crucial for understanding the unit level economics performance and satisfaction of the franchise network.
Meet the Team at Franchise Discovery Day
Visit the Pedal Pub brand headquarters, meet the team, go on a tour, meet other candidates, and ask questions to ensure it's the right fit for you and the franchisor. Discovery Day is your chance to get to know the people and the company culture.
Sign Franchise Agreement
It's official! A signed franchise agreement means you are now a member of the Pedal Pub franchise family. Congratulations on taking the next step in your entrepreneurial journey! We will get you into new owner training and get you onboarded!
Ready to take the next step toward business ownership?
If you want to realize the advantages of a Pedal Pub franchise for yourself, submit your info to our team so we can set up a discussion together soon!
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Franchise
Notice
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for informational purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction.