Sports Equipment Rental Business Plan

Velocipede/Snowpede Borrow Bank, a Eugene, OR-based rental agency specializing in snowshoes or bicycles is VS. VS offers a range of snowshoe sizes and will have road, mountain, tandem, and tandem bikes for rent. From April to November, bicycles will be the main source of revenue. The revenue source for snowshoes is changed to bicycles once the rains start to fall in the Willamette area. For both bicycles and snowshoes, Velocipede/Snowpede will supply each customer with a detailed map/trip log which the customer will be able to follow, showing them incredible hiking and biking trails. Eugene is a good place to do these kinds of activities due to its enthusiastic cycling population and proximity the Cascade Mt. range.

Eugene has a few rental stores for snowshoes or bicycles. However, their primary line is retail. Renting can be an additional distraction. VS will continue to grow market share through their outstanding customer service. They will become profitable in nine months and generate $150,000 annually in revenue.

1.1 Objectives

The following objectives are set for the initial three years of operation

• To create a service-based organization whose primary goal it to exceed customer’s expectations.
• To increase the number client served by 20% annually through superior performance.
• To create a sustainable start up business that can survive on its own cash flow.

1.2 Mission

Velocipede/Snowpede Borrow Bank’s mission is provide rentals of snowshoes and suggestions on travel. Our goal is to keep customers happy. This maxim will guide everything else. Our services will surpass the expectations of customers.