Looking for input on a buisness venture I am considering

Discussion in 'Sea Ray Lifestyle & Cruising' started by Handsome Transom, Dec 1, 2019 at 2:26 PM.

Would you rent an e bike at a port you are visiting

  1. Would not use

    4 vote(s)
    17.4%
  2. People who want that option prefer to own it

    2 vote(s)
    8.7%
  3. Would use it for a day

    15 vote(s)
    65.2%
  4. Would rent one for an extended time 3 days to a week

    3 vote(s)
    13.0%
Multiple votes are allowed.
  1. Creekwood

    Creekwood Well-Known Member GOLD Sponsor

    Apr 26, 2009
    Oakville and Georgian Bay, Ontario
    '97 330 Sundancer, Raymarine C80 suite with radar, Mercury 310 Hypalon w/8hp Yammie 2stk
    2X 454 carbs w/ vDrives
    I think that is your problem. The population is too small (market) and the season too short.
     
    Handsome Transom likes this.
  2. Blueone

    Blueone Well-Known Member GOLD Sponsor

    Jan 24, 2007
    Lake Erie, Ohio
    2004 420 Sundancer
    Cummins 6CTA 450's
    Here is an example of a bigger operation in our town. It is pretty popular. If you look thru the web site you can see they have a lot of corporate sponsors which might be a good idea in your area to help fund the start up and advertising revenue.

    https://www.pacersbikeshare.org/
     
    Handsome Transom likes this.
  3. Handsome Transom

    Handsome Transom Active Member GOLD Sponsor

    544
    Jan 26, 2018
    Penetanguishene Ontario Canada
    1989 SeaRay Sundancer 268 454 Bravo
    454 Mercruiser bravo drive
    I'm not into it as much for income other than gas money for my boat and am going to start small half dozen bikes to keep investment down until I see how it goes. If I could get rad pwer to live me a commission on bikes sold from customers experiencing one I think I could generate a decent amount in a season , combined with rental income it might b ok for a part time gig. I already live within my means so every little bit helps
     
  4. Handsome Transom

    Handsome Transom Active Member GOLD Sponsor

    544
    Jan 26, 2018
    Penetanguishene Ontario Canada
    1989 SeaRay Sundancer 268 454 Bravo
    454 Mercruiser bravo drive
    Planning on starting small 6 bikes
     
  5. Boat Guy

    Boat Guy Well-Known Member

    You're asking for thoughts, so put the numbers out.

    Bikes: 6
    Cost each:?
    Locations:?
    How do you track:? (gps costs)
    How long is your season?
    Did you discuss with marinas on storage or are you planning on delivering each bike?
    Fuel cost to deliver or are you riding the bikes over and walking? If so, how do you deliver two or more?
    Insurance?
    Do you know how to repair and keep in perfect shape or are you outsourcing?
    Do you have the time to do the management?
    How will you handle payments?

    It's a fairly unsophisticated business with no real barrier to entry. So you could easily have a go at it...

    I really think it boils down to how many bike hours or days you can estimate and if the marinas will be responsive.

    BTW - I like the cross-promotion / advertising approach. If you could get a business to buy the bike and they can put their logo on it, that's a win-win...I would see if there's an angle for that...

    https://firmbee.com/freebies/templates/template788

    I would start with a real estate company that does rentals as well as sales.
     
    Handsome Transom likes this.
  6. JVM225

    JVM225 Well-Known Member GOLD Sponsor

    Apr 8, 2008
    Farmingdale, NY
    2002 410 Sundancer, Monaco Edition.
    3126 Cats.
    I’ve used the electric scooters down in Washington DC a few times. Super convenient and very cost effective.
    If you could get a good price on half a dozen bikes and figure out a way to keep track of them on GPS and keep charging them up during downtime it might be worth a little side business.
    Probably best if you could tie it in with service and sales of the bikes themselves and have some safety items available for sale or rent for those who don’t come prepared.
     
    Handsome Transom likes this.
  7. Gofirstclass

    Gofirstclass Well-Known Member GOLD Sponsor

    Apr 20, 2010
    Tri Cities, WA
    1995 550 Sedan Bridge,
    2010 Boston Whaler 130 Super Sport,
    1981 Boston Whaler 130 Sport,
    CAT 3406C's, 580hp.
    HT, let me make a suggestion that would take you in a completely different direction and I'll tell you where my idea comes from.

    Last summer my boat was broken down in a small town (pop ~15,000) along the Columbia River. While there, several times we utilized a local taxi company, appropriately named "3 Dollar Taxi" to get around town. It was owned by a couple who had several employees who drove for them. They owned a fleet of a few older mini vans and would take one or more people anywhere in town for three dollars. If your pickup was on the way they were going to drop someone off, they'd pick you up along the way. If you wanted to go out of town they had reasonable fares for many nearby towns.

    Their taxis were busy almost non-stop from about breakfast time to well after dinner.

    The neat thing about it was you called one number, gave them your name and pickup location and destination and you'd be next in line for the next available taxi.

    Different from your original idea but it worked very well for one couple.
     
  8. Blueone

    Blueone Well-Known Member GOLD Sponsor

    Jan 24, 2007
    Lake Erie, Ohio
    2004 420 Sundancer
    Cummins 6CTA 450's
    We have something similar in Indy where the cabs downtown charge $5.00 to take you anywhere downtown. We are a million people and I always wondered how they made money.

    I would think a car would run you $8/hr for depreciation, maintenance, gas and insurance if running 2,000 hours/year, 25k miles. Then you have the driver that today probably wants $15/hr... Now up to $23/hr.... So, in my town almost 5 passengers per hour (12 minutes max per passenger) to break even, 8hrs a day, 5 days a week all year.

    I just don't get how you make a respectable profit...
     
    Last edited: Dec 5, 2019 at 12:34 AM
    techmitch likes this.
  9. ROTYDE

    ROTYDE New Member

    16
    Apr 28, 2017
    Steenson Hollow ,Muscle Shoals Ala
    SeaRay 330 Sundancer
    Twin 454's V Drives
    They have these all over Seattle. They get 15 to 20 dollars a day depending on the company. Lyft and E Bikes are just 2 off the top of my head. We travel there about once a year and I thought what a cool idea. I would think boaters would carry their own bikes aboard for just this thing.
     
  10. M Prod

    M Prod Well-Known Member

    971
    Oct 6, 2017
    North Vancouver, BC
    2005 Sundancer 340
    Aquapro Dinghy w/ Honda 8hp
    Kohler 5KW Genny
    Raymarine Electronics
    8.1 Horizons /V Drives
    E-bikes around here rent for $70/day and $265/week. Crappy commuter bikes rent for $40-$50/ day or $170 for the week. Your price point is more than fair.
     
  11. Handsome Transom

    Handsome Transom Active Member GOLD Sponsor

    544
    Jan 26, 2018
    Penetanguishene Ontario Canada
    1989 SeaRay Sundancer 268 454 Bravo
    454 Mercruiser bravo drive
    Yeah not for me I want to rent out and promote e bikes not be a taxi driver . That's a market that is truly saturated with uber.
     
  12. spikedaddy99

    spikedaddy99 Well-Known Member GOLD Sponsor

    Jun 11, 2008
    Prentice, Wi
    2005 500 DB
    QSM-11
    No way in heck I'd rent a bike for 45$ a day. My 2cents.
     
  13. Handsome Transom

    Handsome Transom Active Member GOLD Sponsor

    544
    Jan 26, 2018
    Penetanguishene Ontario Canada
    1989 SeaRay Sundancer 268 454 Bravo
    454 Mercruiser bravo drive
    Alit of people who've never ridden or owned a quality e bike dont see the value and are still of the buy a cheapie at Walmart mentality. Surprisingly many that hold those opinions dont hesitate at all spending 100s of thousands on boats, cars and the latest gadgets for them and still see bikes as low value or things kids, poor people and drunks use to get around on.
    Fortunately things are changing
     
  14. Handsome Transom

    Handsome Transom Active Member GOLD Sponsor

    544
    Jan 26, 2018
    Penetanguishene Ontario Canada
    1989 SeaRay Sundancer 268 454 Bravo
    454 Mercruiser bravo drive
    Are u kidding me you have a boat that costs more than my house , your fiel burn costs that per hour and your slip likely costs more than double that per day, people are strange that's for sure.
    These are.not your Walmart kids bikes.
     
  15. spikedaddy99

    spikedaddy99 Well-Known Member GOLD Sponsor

    Jun 11, 2008
    Prentice, Wi
    2005 500 DB
    QSM-11
    We are a family of 6. $270/day to rent bikes is lunacy. That is more than my daily slip. I've been to campgrounds that rent golf carts for $45/day. In our area, I've not been to a marina yet (OK, Escanaba might qualify) where everything wasn't within walking distance to the marina.

    I'm smart with my money, that's why I can afford all you said above. I'll walk.
     
  16. Blueone

    Blueone Well-Known Member GOLD Sponsor

    Jan 24, 2007
    Lake Erie, Ohio
    2004 420 Sundancer
    Cummins 6CTA 450's
    I think to your point we all have things we think is a waste of money whether it's $5 or $500 no matter what your income, net worth is... My trigger is rental golf carts on PIB.... $135 overnite is daylight robbery
     
  17. M Prod

    M Prod Well-Known Member

    971
    Oct 6, 2017
    North Vancouver, BC
    2005 Sundancer 340
    Aquapro Dinghy w/ Honda 8hp
    Kohler 5KW Genny
    Raymarine Electronics
    8.1 Horizons /V Drives
    Intersting. Can’t believe anyone couldn’t appreciate the difference in ride between say a Canadian Tire 50lb pos vs a (much more expensive) 20lb Cannondale of the same variety for example. Everything about the ride is so much better on the more expensive model. But hey ..I’m the guy that takes 50k rides in the mountains behind my house, so maybe that’s just me.
     
  18. Handsome Transom

    Handsome Transom Active Member GOLD Sponsor

    544
    Jan 26, 2018
    Penetanguishene Ontario Canada
    1989 SeaRay Sundancer 268 454 Bravo
    454 Mercruiser bravo drive
    Hey we all get to choose where we spend our loot , I will rent to people who want to get out and explore the sights and trails that are otherwise inaccessible to them. I use my e bike exclusively, no car and am a single parent of 2 boys under 6 , you likely wouldn't buy a bike for 2000 bucks either while for me it was the best money I ever spent.
    Picture is us
    Set for our morning daycare commute and glad I didnt have to walk
     

    Attached Files:

    spikedaddy99 and M Prod like this.
  19. M Prod

    M Prod Well-Known Member

    971
    Oct 6, 2017
    North Vancouver, BC
    2005 Sundancer 340
    Aquapro Dinghy w/ Honda 8hp
    Kohler 5KW Genny
    Raymarine Electronics
    8.1 Horizons /V Drives
    Love the photo! Ready to roll!
     
  20. spikedaddy99

    spikedaddy99 Well-Known Member GOLD Sponsor

    Jun 11, 2008
    Prentice, Wi
    2005 500 DB
    QSM-11
    You Southerners... And I used to own a Trek.
     

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