![]() Electric bike laws limit the power of an ebike motor, so you still need to pedal – there’s no twist-and-go throttle here. Contact Pedego at (800) 646-8604 or email offers an exceptional opportunity for Boomers looking to reinvent their lives with a second career.Despite common misconceptions, you can still ride an electric bike for fitness. For information on becoming a dealer, click here. For Baby Boomer dealer stories, click here. To view a short series of videos on current Pedego stores, click here. If you own or have rented a Pedego bike, your application goes to the top of the pile. Prior retail or bicycle industry experience is not needed. Annual dealer meeting with the Pedego leadership team and other store ownersĬandidates are considered based on unique criteria including personality, general business experience and enthusiasm.Online dealer support site with photos, graphics, inventory information and more.Marketing support, which includes website creation and social media platform set-up.Sales and marketing training to help attract customers and sell bikes.Technical training on Pedego bikes, including assembly and repairs.Negotiated discounts for bike accessories and other items to sell in your store.Store set-up support, which includes build-out, point-of-sale equipment and inventory.Support in finding a store location and negotiating the lease and signage.No franchise fees the entire investment goes into the store and product.Affordable entry point starting at $75,000, depending on location.In fact, according to DiCostanzo, the new store owner’s entire investment goes into the store.īenefits of Pedego store ownership include: The average cost to start a store is $75,000, which is significantly lower than most franchise opportunities, and there are no franchise fees because Pedego is not a franchise. “Boomers grew up riding bikes as kids and want to experience that joy again and share it with others. Targeting Boomers as store owners is a proven recipe for success, according to DiCostanzo. Today, DiCostanzo and Sherry are Boomer entrepreneurs creating other Boomer entrepreneurs in a growth category where everyone is finding great success and putting smiles on their Boomer customers’ faces - one electric bike at a time. It plans to open 100 more stores in 2017 and expects to grow to 500 stores within five years. The company plans to open 10 more stores by the end of the year, hitting 100 stores by year end. Pedego has opened 90 stores to date, of which 95 percent are independently owned and operated. Pedego grew 46 percent in sales from 2012–2015. Born of a love of cycling and a hatred of hills, Pedego is a booming business. Pedego Co-founders DiCostanzo, 59, and his best friend Terry Sherry, 60, are both Boomers who left conventional careers to found Pedego Electric Bikes in 2008. Today, as owners of their own electric stores, they are experiencing second careers as entrepreneurs and finding success selling to other Boomers,” said Don DiCostanzo, Co-founder and CEO of Pedego Electric Bikes, recently named the Number 1 electric bike brand by Navigant Research and the fastest-growing bicycle company on the 2016 Inc. “Ninety percent of our store owners are Boomers who were displaced by Corporate America or retired from other careers such as teaching and the military. Boomers also have years of professional and trade experience and more wealth and/or equity than other generations, which allows them to start businesses. The Kaufman Foundation reports that Boomers have a better handle on work/life balance and also have the drive and ambition to chase success. Who better to sell to Boomers than other Boomers?Īccording to Gallup, more than 80 percent of Boomers launch new ventures as a lifestyle choice or to boost income. Vowing to stay young forever, the 78-million-strong Boomer generation is enamored with exercise disguised as fun, and electric bikes are the perfect solution. ![]() 12, 2016 - Baby Boomers, ages 52–70, born between 19, are reinventing themselves with second careers as electric bike store owners, targeting customers they understand: Boomers. $75,000 Entry Cost, No Franchise Fee, No Retail/Cycling Experience NeededįOUNTAIN VALLEY, Calif., Oct. Boomers Reinvent Themselves With Second Careers as Electric Bike Store Owners, Targeting Customers They Understand: Other Boomers
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