nPosted this on the “London” thread over the w/end, but with all the talk of LBS service, thought it might make for some interesting discussion. These guys (
www.cyclefit.co.uk) ran a high-end bike shop and parking garage in central London for several years, but last year times got hard last year and they’ve re-launched primarily as a very specialised fit-only centre, with a certain amount of custom-builds and accessory supply as an add-on to this. I’m not entirely sure, but I think they’re charging around £100-£140 (US$180-250) for a comprehensive fit session, plus of course income from the bars, stems, posts and cleat wedges that come off the back of that. Not really knowing bike shop margins and economics, I’m interested in people’s viewpoints on whether this is likely to be a realistic / successful business model, given that: a) Whilst London’s a city of 10 million, I wouldn’t put the number of even mildly serious racing cyclists above 5,000, hence a tiny target market b) As Tom repeatedly states, whilst I have no doubt it would probably be the best £100 I’ve ever spent on my sport, they’ll have to work hard to demonstrate value to get people shelling out for a somewhat “intangible” product c) You’d only ever get this done once. Each new fit you do, you’re working yourself out of business. Whilst I wish them all the best – they put a huge amount into local bike sport – my gut feel is that this will be a tough one…