Bussiness

Electric Bike Franchise: What Is It And How Much Does It Cost?

electric bikes

The electric bike franchise market is growing. Both the number of bikes and the revenue of rentals are growing. The market is expected to triple by the end of 2022. The electric bike is a convenient means of transportation. An electric bike does not need a license, special skills, or protective clothing. It can be easily folded up and moved to another place. In a big city, with perpetual traffic jams and crowded subway, an electric bike is a convenient and reliable vehicle that can deliver to the user without much trouble.

Consulting firm McKinsey predicts that the micro-mobility market will grow to $200-300 billion in the U.S. by 2030 and $100-150 billion in Europe. They say people in the U.S. are using rental bikes more often because of the risk of contagion, and the length of trips has increased by nearly a third. More and more people in big cities are considering electric bike franchises a good idea. Therefore, the electric bike franchise is becoming a sought-after business. There are players who offer franchises to develop this business. But how much does an electric bike franchise cost and how to get one? Today, RexSoft experts will tell you about it.

What is an electric bike franchise from RexSoft?

The electric bike franchise from RexSoft is a sure way to start an e-bike business without making any serious mistakes. We offer a turnkey electric bike franchise service and we have representatives in China, who provide delivery of electric bikes from factories to your country.

As part of the electric bike franchise, RexSoft offers:

  • Consulting.
  • Legal support.
  • Possibility of customization.
  • Marketing support.
  • Mobile application.
  • Administrative panel (CRM).
  • Employee training.
  • Post-release support and software maintenance. 

Software for electric bike franchise is worth talking about separately because getting an application for e-bikes and CRM for business management is probably the most expensive aspect of launching an electric bike business. 

By buying an electric bike franchise from RexSoft you get powerful tools for starting a business. First of all this application is equipped with all the advanced technologies and a multifunctional management system. Moreover, everything is fully customizable, both in terms of visual component and functionality. So you can put a unique identity of your electric bike franchise brand and adjust the software to the needs of your business. After installing the bikes in a suitable location, from the first minutes the owner sees in his personal cabinet all the indicators of his network and keeps track of all the trips and transactions. Users rent bikes through the mobile app. 

By taking advantage of RexSoft’s electric bike franchise services you can save money and launch your e-bike business in record time, then receive analytics on usage. Our goal is to enable young entrepreneurs to make money in their city by working in an exciting, modern, and environmentally friendly, emerging segment of the market, to gain a foothold in it, to roll through life easily and effortlessly, as our customers and partners are already doing.

How much does an electric bike franchise from RexSoft cost?

The electric bike franchise cost is calculated individually and depends on the number of bikes in the fleet. It’s still cheaper than starting a business from scratch and you get a whole package of services to make your business comfortable. You pay a connection fee and a monthly fee. The monthly fee for an electric 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. To be precise, take a look at the examples of several different companies with different fleets of bikes, which are 30, 50, and 120.

NUMBER OF BIKES FEE PER BIKE MONTHLY FEE
30  $ 8 240
50  $ 6 300
120  $ 5 600

In turn, the fee for connecting to an electric bike franchise and customizing the application can range from $5,000 to $7,000. It’s a one-time fee and depends on the following factors:

  • Payment methods integrated into the software;
  • The number and model of e-bikes;
  • The specifics of doing business in the country (taxes, other costs);
  • Additional functionality.

As you can see, working on a RexSoft franchise is very convenient, but remember that you also need to think carefully about how to open a bike rental and what the unique offer of your project is. The business plan should describe the details of the electric bike franchise business. It evaluates the need for garage equipment, offices, hiring employees, and describes each item of anticipated expenses in detail. The business plan should also include projections of anticipated profits. And we will take care of almost all the rest of the hassle, so contact us as soon as possible.

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