Los Angeles Bamboo Bicycles Film and Theatre Arts Charter High School Mission Statement: Advocate cycling in the Los Angeles community with a sustainable and stylish bicycle. • Located in South Los Angeles • Bamboo bicycles - Light weight, fast, stylish, and sustainable • Non-profit business - Scholarships - Bicycle safety workshops - Promote bicycles and cycling lifestyle. • First Los Angeles Bamboo Bicycle Shop • Sustainable product • Better-priced than competition • Social Media & local promotion • Built & sold at school • Competition• Local: DTLA Bike Shop • Direct Competition: Bamboo Bike Studio • Advantages of L.A. Bamboo Bicycles• Only bamboo bicycle distributor within our area • Eco-friendly • Natural • Sustainable “The Los Angeles County Bicycle Master Plan has been updated and approved today, and includes plans for 832 miles of new bikeways, as well as over $330 million in funding to be spent over 20 years on improving access to and the safety of bicycle transit in L.A.“ -www.laist.com 2.28.12 Number of Bicycle Riders in one area over two days in LA. 15,200 15,000 14,800 14,600 14,400 Number of Bicycle Riders 14,200 14,000 13,800 13,600 2009 2011 Flyers , Spoke Cards , Stickers Social Media (Facebook, Twitter) Partnerships with local bike shops Bicycle Maintenance Free Products with bicycle purchase Test Rides • • • • Measure cyclist dimensions. Prepare/fit bamboo together with epoxy resin. File/sand lugs after epoxy resin dries. Assemble components to complete bicycle. Competition of Los Angeles Bamboo Bicycles: Company name Location Bamboo bicycles Stock Parts Maintenance Local Focus Los Angeles Los Bamboo Angeles Bicycles Yes Yes Yes Yes - Student-run - Eco-friendly - Raises awareness for bicycle safety in community - Raising funds for student scholarships DTLA Bike shop Los Angeles No Yes Yes Yes - Not student-run - Not eco-friendly Bamboo Bike Studio San Yes Francisco Yes Yes No - Not student-run - Eco-friendly Prices For Individual Parts (Stock Single-Speed Bike) Part Individual Total Piece Piece Price (total) Handle Bars Neck Stem Fork Hand Grips Seat Spacers Seat Post Crank Pedals Chain Rims $20 $25 $25 $10 $15 $1 $15 $45 $20 $12 $120(set of two) 2 2 2 2 2 5-10 2 2 2 2 2 $40 $50 $50 $20 $30 $10 $30 $90 $40 $24 $240 Tires Inner Tubes Lights Helmet Bottom Bracket $20(set of two) $6 $7 $20 $25 2 2 4 2 2 $40 $12 $14 $40 $50 Total $780 2012 2013 2014 2015 # Of bicycles 20 bicycles 40 bicycles 60 bicycles 80 bicycles # Of frames 35 frames 50 frames 65 frames 80 frames Price/bicycle $1,600 $1,600 $1,600 $1,600 Price/frame $550 $550 $550 $550 Revenue $51,250 $91,500 $131,750 $172,000 Variable cost/bike $1,100 $1,100 $1,100 $1,100 $320 $320 $320 $320 Fixed cost $700 $100 $100 $100 Total cost $33,900 $60,000 $86,800 $113,600 Profit $17,350 $31,500 $44,950 $58,400 Cost/frame Strength: Weakness: - Only Bamboo Bicycle Shop in Los Angeles - Eco-Friendly Bicycles. - Student-run business - Customers concerned bamboo might break - Bicycle that have lower prices Opportunities: Threats: -Partnership with local bicycle shops - Local bike shops -Location expansion - Cheaper bicycles - Manufacturing defects Weaknesses: Solutions: -Customers concern bamboo might break Have customers test a bamboo bicycle -Cheaper bicycles elsewhere Business expansion= lower prices Threats: -Local bicycle shops -Budget bicycles -Manufacturing defects Solutions: Partnership Donations from business reducing price Construction training • • • • • • • Main product: Bamboo bicycles Local bicycle shop in Los Angeles Student-run Eco-friendly Non-profit business Fundraise for scholarships and bicycle operations Host and promote community bicycle rides