PedalPub Franchise in Baton Rouge, Louisiana
Business Description
The Pedal Pub industry, in a nutshell, is "experiential tourism". Experiential Tourism emerged about 15 years+ ago. Its growth has been phenomenal.
Pedal Pub has led the charge over the last 18 years as a pioneer in the growth of what is now the billion-dollar Experiential Tourism industry. We’ve separated ourselves from the typical entertainment franchise thanks to our unique experience and how we bring the best of each city to our customers. Our brand has quickly drawn the attention of many tourists and residents in all markets due to the level of fun they enjoy while creating lasting memories!
The Pedal Pedal franchise system has existed for over 18 years and currently has markets in over 60 locations in the United States and Canada.
The Baton Rouge location joined the party in late 2021 to provide experiential tourism both for Louisiana residents and tourists who travel to the area for various popular events such as Mardi Gras, LSU sports, Southern University sports, and much more. Baton Rouge was & is seen as having great potential for continued growth in the experiential tourism market as being the one and only operator in the city of Baton Rouge.
Pedal Pub has led the charge over the last 18 years as a pioneer in the growth of what is now the billion-dollar Experiential Tourism industry. We’ve separated ourselves from the typical entertainment franchise thanks to our unique experience and how we bring the best of each city to our customers. Our brand has quickly drawn the attention of many tourists and residents in all markets due to the level of fun they enjoy while creating lasting memories!
The Pedal Pedal franchise system has existed for over 18 years and currently has markets in over 60 locations in the United States and Canada.
The Baton Rouge location joined the party in late 2021 to provide experiential tourism both for Louisiana residents and tourists who travel to the area for various popular events such as Mardi Gras, LSU sports, Southern University sports, and much more. Baton Rouge was & is seen as having great potential for continued growth in the experiential tourism market as being the one and only operator in the city of Baton Rouge.
About the Business
- Years in Operation
- 4
- Franchise
- This business is an established franchise
- Facilities & Assets
- Assets included in the sale are:
--2 Pedal Pub bikes that are four years old in very good condition (and all of the bike's spare parts & tools)
--Established business with over 500+ perfect 5-star Google Reviews
--a car hauler trailer (used to transport the bike to offsite events as needed)
--bike storage building at the storefront location where the bikes are stored.
--branded merchandise, inventory and storefront furnishings
Note: Value for 2 bikes $79,100 based on depreciation schedule. So buyer earns instant equity of $12,000. - Website
- https://www.pedalpub.com/baton-rouge-la
- Market Outlook / Competition
- Pedal Pub Baton Rouge is "The Original Baton Rouge Party Bike" and the only party bike company in Baton Rouge. In fact, as part of the process to approve Pedal Pub operation, a brand new city ordinance was created to enable Pedal Pub to operate. Since insurance is difficult to obtain, it likely ensures that Pedal Pub will remain the only game in town. We only have 1 location, and it is in the heart of downtown Baton Rouge. There is likely future opportunity to open another location in the Mid City area of Baton Rouge.
- Opportunities for Growth
- There is significant growth opportunity. Both making strategic partnerships & connections coupled with employing the right marketing strategies have the ability to catapult Pedal Pub Baton Rouge to another tier of revenue. Since 2021, Pedal Pub Baton Rouge has created an unforgettable experience for 7,352 customers. That’s only 3.3% of 219,573 Baton Rouge population. There's still so much untapped opportunity to increase the customer base, consisting of both Baton Rouge residents and tourists largely brought by local colleges, conferences and festivals.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 800
- Rent
- $1,450.00 per month
About the Sale
- Seller Motivation
- Owners limited capacity to run the business given other emerging & family priori
- Transition Support
- Onboarding & training by local ownership will definitely be provided to the buyer(s). The same will also be provided by the staff at the corporate franchise company. The monthly franchise fee of 8% guarantees support in the areas of marketing, operations, maintenance, networking & training, booking & payment system support, and other areas.
- Financing Options
- No seller financing available
Listing Info
- ID
- 2249084
- Listing Views
- 1889
Business Location
Listing ID: 2249084 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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