Ride Free Bikeshop
Business Plan
Presented to the Faculty Members of Kumalarang National Highschool
Kumalarang Zamboanga del Sur
In Partial Fulfilment of the
Requirements in Accountancy, Business Management
S.Y 2024-2025
Elle Jean B. Galbo
SECTION 1
EXECUTIVE SUMMARY
Cycling is more than just a mode of transportation—it is a lifestyle, a passion, and a
motion towards a more fit and more sustainable future. ride free bike shop, based in
Cagayan de Oro city, embodies this vision by offering excellent bicycles, accessories, and
repair services to cycling fanatics throughout the Philippines. With its growing presence in
multiple locations, the store is not only a business but a thriving community that fosters the
affection for cycling among people of all ages.
On the heart of Ride Free Bike Shop is a dedication to excellence. the store aims to
become the leading name within the cycling industry, offering top-tier merchandise and
exceptional customer service. by continuously expanding its reach and forming strategic
partnerships, it seeks to make excellent bicycles more accessible to Filipinos nationwide.
more than just promoting bikes, ride free bike shop promotes a wholesome and healthy
lifestyle, encouraging people to include cycling as a means of activity, fitness, and
transportation.
To achieve its vision of being on top of the world one day, ride free bike shop focuses on
innovation, customer satisfaction, and community engagement. by paying attention to the
desires of cyclists, enhancing its services, and staying ahead of industry trends, the store
guarantees that each customer gets the best viable experience. through passion and
determination, ride free bike shop is not just a shop—it is a motion that drives the cycling
culture ahead, inspiring human beings to ride free and discover the world on two wheels.
SECTION 2
PERSONAL DETAILS
THE PROPONENT
ELLE JEAN B. GALBO
I was born on March 9, 1996. I live in Cagayan De Oro City. I am the First Child of Elmer L.
Galbo and Jeannie B. Galbo. Graduated at Xavier University Cagayan De Oro City Campus,
BS Entrepreneurship. Currently owns the biggest Bike Shop all over the Philippines and
winning in the game called “life”.
THE ADVISER
RIZANETTH GLEE M. MIQUIBAS
She graduated with a degree of Bachelor of Science in Hotel and Restaurant
Management at J.H. Cerilles State College-Canuto MS Enerio Campus in the year
2016. Her 2nd course is Professional Education Course which she earned a License
Professional Teacher Major in Social Science at JHCSC Dumingag Campus.
SECTION 3
OVERVIEW OF THE BACKGROUND
The Ride Free Bike Shop is Located at Libertad Cagayan De Oro City and some places
at Cagayan but it has also extensions in different part of the Country. Offers great
experiences and good services. Worth to visit and worth the time.
My Shop are better than the others because of the good services and worth it to shop. It has
noble visuals and not regrettable to shop.
I named this Shop as Bike Free Bike Shop because of my love in cycling. For me Cycling is
something important and valuable, for me riding a bike makes me feel alive and free, the
wind brushing through my hair, face and skin is something else that is irreplaceable.
SECTION 4
BUSINESS PLAN
THE NEEDS
THE CAPITAL
This Business requires a sum of 2Million to cover all the expenses and all the materials,
bicycles, parts, and others for upgrades. This capital will be sourced from loans and
connections through my business woman/man relatives.
THE LOCATION
The good location of this business is at Libertad Cagayan De Oro City where has a big
population and known for cyclists
.
BICYCLES AND PARTS
The materials/equipment to be used in a bike shop needs essential tools such as a bike
repair stand, hex and Allen wrenches, torque wrench, screwdrivers, chain breaker, pedal
wrench, and tire levers for repairs and maintenance. An air compressor, lubricants,
degreasers, and bearing tools ensure smooth operation.
For sales, a POS system, cash register, barcode scanner, shelving, and security system
are important. The shop should stock frames, chains, cassettes, brakes, tires, handlebars,
saddles, and safety gear like helmets and locks.
Cleaning supplies, including a bike wash kit, microfiber cloths, grease, and thread locker,
help maintain bikes. With these, the shop can efficiently serve customers and keep bikes in
top condition.
.THE MAN POWER
Initially, Ride Free Bike Shop needs a shop manager to oversee operations, a bike
mechanic for repairs, and a sales associate to assist customers. A cashier handles
transactions, while a stock clerk manages inventory. A marketing staff promotes the shop,
and if needed, a delivery personnel handles orders. A small shop can run efficiently with
three to five staff members.
THE LEGAL REQUIREMENTS
To operate legally, Ride Free Bike Shop must complete several requirements. The
business must be registered with the DTI for sole proprietorship or the SEC for corporations
and partnerships. A mayor’s permit from the local government and BIR registration for tax
compliance are essential. The shop also needs a barangay clearance, along with fire safety
and sanitary permits to meet safety and health regulations. If hiring employees, registration
with SSS, PhilHealth, and Pag-IBIG is required for benefits. Additionally, securing a DTI or
IPO trademark registration can help protect the brand. These steps ensure smooth and legal
operations.
THE MARKETING AND PROMOTION
Ride Free Bike Shop can attract customers through social media, events, partnerships,
and promotions while using ads and a website to boost sales and visibility.
VISION, MISSION and VALUES
The information below presents the vision and mission of ride free bike shop, reflecting
its commitment to excellence, growth, and innovation inside the cycling industry.
VISION
To become a globally identified leader within the cycling industry, providing high-
quality products and services that encourage people to include cycling as a life-
style while promoting sustainability, innovation, and a strong cycling community.
MISSION
Ride Free Bike Shop is devoted to providing top-quality bicycles, accessories, and repair
services to riders of all stages. We attempt to make cycling available and enjoyable by
providing great customer services, fostering a passionate cycling community, and
continuously enhancing our merchandise. With a commitment to innovation and
sustainability, we aim to expand our reach and set new standards inside the enterprise,
driving the cycling culture ahead within then Philippines and beyond.
MARKETING PLAN
Sample Product Appearances
ROAD BIKE/TRACK BIKE
MOUNTAIN BIKE
FIXIE DROP BAR/FLAT BAR
Ride Free Bike Shop aims to grow its brand and customer base through targeted
marketing. This plan outlines the target market, promotions, sales channels, and branding
strategies to boost visibility and sales.
1. Target Market
The shop serves cyclists, commuters, and beginners seeking quality bikes, accessories, and
repairs.
2. Promotion Strategies
Social Media Marketing – Promote products and events on Facebook, Instagram, and
TikTok.
Partnerships & Events – Collaborate with cycling groups, host rides, and sponsor races.
Discounts & Loyalty Programs – Reward repeat customers with exclusive deals.
3. Sales Channels
Physical Store – Provide expert service and personalized recommendations.
Online Sales – Sell via a website, Shopee, Lazada, and Facebook Marketplace.
4. Branding & Customer Engagement
Consistent Branding – Maintain a strong visual identity and service quality.
Customer Service Excellence – Ensure fast repairs and great after-sales support.
These strategies will help Ride Free Bike Shop attract more customers and increase sales.
OPERATIONAL PLAN / PRODUCT AND TECHNICAL PLAN
Ride Free Bike Shop focuses on efficient operations to provide high-quality bicycles,
accessories, and repair services. This plan outlines daily operations, staffing, product
offerings, and technical procedures to ensure smooth business functions.
1. Daily Operations
Store Hours – Open daily from 8:00 AM to 7:00 PM to accommodate customers.
Customer Service – Offer consultations, bike fittings, and repair assessments.
Inventory Management – Regularly update stock, reorder supplies, and track sales.
Sales Processing – Use a POS system for smooth transactions and accurate record-
keeping.
2. Manpower
Shop Manager – Oversees operations and inventory.
Bike Mechanic – Handles repairs, maintenance, and assembly.
Sales Associate – Assists customers and processes purchases.
Cashier – Manages payments and records transactions.
_________________________________________________________________________
Product and Technical Plan
1. Products Offered
Bicycles – Road bikes, mountain bikes, hybrid bikes, and e-bikes.
Bike Accessories – Helmets, lights, locks, and cycling apparel.
Spare Parts – Chains, tires, brakes, and gears.
2. Technical Procedures
Bike Assembly & Customization – Assemble new bikes and offer custom upgrades.
Repair & Maintenance – Services include tune-ups, brake adjustments, tire replacements,
and drivetrain repairs.
Quality Control – Every serviced bike undergoes a final check before delivery.
By implementing this operational and technical plan, Ride Free Bike Shop ensures
efficiency, high-quality service, and customer satisfaction.
PRODUCTION PARADIGM
Ride Free Bike Shop follows a structured process to ensure quality service and efficiency.
It begins with sourcing bikes, parts, and accessories from trusted suppliers, followed by
assembly and inspection to guarantee safety. Customers receive expert advice and
customization options before purchase. The shop also provides repair and maintenance
services using high-quality tools and techniques. Finally, sales and after-sales support
ensure customer satisfaction through warranties, follow-ups, and assistance. This process
keeps operations smooth and customers happy.
ORGANIZATIONAL OR MANAGEMENT PLAN
In this part, you will know our own organization/management chart based on our chosen
business.
FOUNDER/MANAGER
STOCK CLERK CASHIER
SALES ASSOCIATE MARKETING AND SOCIAL MEDIA STAFF
BIKE MECHANIC
DELIVERY RIDER
DUTIES
Shop Manager – Oversees daily operations, manages inventory, ensures customer
satisfaction, and supervises staff.
Bike Mechanic – Repairs, assembles, and maintains bikes, ensuring safety and quality.
Sales Associate – Assists customers, provides product recommendations, and processes
sales transactions.
Cashier – Handles payments, maintains financial records, and ensures accurate
transactions.
Stock Clerk – Organizes inventory, restocks supplies, and tracks stock levels.
Marketing & Social Media Staff – Promotes the shop, manages online presence, and
engages with customers.
Delivery Personnel – Delivers bikes and accessories, handles pickups, and ensures timely
service.
This structured team ensures Ride Free Bike Shop runs smoothly and provides excellent
customer service.
SECTION 5
SUSTAINABILITY
FINANCIAL PLAN
Capitalization
Ride Free Bike Shop requires an initial capitalization of ₱2,000,000 to cover essential
expenses. This includes store setup, inventory purchase, equipment, operational costs,
marketing, and employee salaries. Proper financial management ensures sustainability and
business growth.
Monthly Expenses
The table below outlines the projected expenses per month during the initial year of
operation.
TABLE 1. MONTHLY EXPENSES
Expenses Estimated Monthly Cost
Labor Wages ₱150,00
Materials ₱125,000
Rent ₱25,000
Utilities ₱30,000
Marketing and Promotion ₱25,000
Packaging Supplies ₱20,000
Transportation ₱20,000
Maintenance and Miscellaneous ₱55,000
Total ₱450,000
This budget ensures that this Shop maintains efficient operations while managing
costs and supporting sustainable growth.
TABLE 2. PROJECT REVENUE
Service Price Per Projected Daily Projected Monthly Yearly
Gallon Sales Revenue
Revenue Sales Revenue
(PHP) Daily (PHP)
(PHP) Monthly (PHP)
Road Bike 36,000 10 360,000 360,000 10,800,000 129,600,000
Mountain 27,000 10 270,000 270,000 8,100,000 97,000,000
Bike
Fixie 38,000 10 380,000 380,000 11,400,000 136,800,000
Total 30 1,010,000 1,010,000 30,300,000 363,400,000
Revenue
This table provides a revenue forecast for the business based on expected sales volume.
The projections assume consistent demand.
TABLE 3. PROJECTED NET INCOME
Mo Mar Apr. May Jun. Jul. Aug Sep Oct. Nov Dec Jan. Feb
nth . . . . . . .
Re 30, 30,3 30, 30,3 30, 30,3 30, 30,3 30, 30,3 30, 30,3
ven 300 00,0 300 00,0 300 00,0 300 00,0 300 00,0 300 00,0
ue ,00 00 ,00 00 ,00 00 ,00 00 ,00 00 ,00 00
(PH 0 0 0 0 0 0
P)
Ex 450 450, 450 450, 450 450, 450 450, 450 450, 450 450,
pen ,00 000 ,00 000 ,00 000 ,00 000 ,00 000 ,00 000
ses 0 0 0 0 0 0
(PH
P)
Net 29, 29,8 29, 29,8 29, 29,8 29, 29,8 29, 29,8 29, 29,8
Inc 850 50,0 850 50,0 850 50,0 850 50,0 850 50,0 850 50,0
om ,00 00 ,00 00 ,00 00 ,00 00 ,00 00 ,00 00
e 0 0 0 0 0 0
(PH
P)
Projected Net Income
Revenue 363,600,000
Expenses 5,400,000
Net Income 358,200,000
SOCIAL IMPACT
Ride Free Bike Shop promotes sustainable transport, healthy living, and local
economic growth by providing quality bikes and services. It supports the community
through job creation, partnerships, and cycling advocacy, making a positive impact on
people and the environment.
1.What is the goal of your business, as stated in your mission statement?
Ride Free Bike Shop's mission is to provide high-quality bicycles, accessories,
and repair services while promoting a sustainable and active lifestyle. We aim to
foster a strong cycling community and support eco-friendly transportation.
2.What is the purpose of your bike shop for the people?
Ride Free Bike Shop encourages healthier and greener commuting options by
making cycling more accessible. We also support the community by creating jobs,
collaborating with local businesses, and organizing cycling events that promote
fitness and road safety.
3.How do you ensure the quality of your products and services?
We maintain quality by sourcing durable bikes and parts, employing skilled
mechanics, and conducting thorough inspections before sales or repairs. Customer
satisfaction is our priority, and we continuously improve through feedback and
innovation.
BUSINESS PLAN PROPOSAL
REFERENCES
https://pin.it/1GMUr405M
https://pin.it/4sCIbLJ56
https://pin.it/3Dlr7820t
https://pin.it/4BUp64vkx
https://pin.it/1Y63Z4alP
https://pin.it/5mDzD9kb8
