When to buy a bike for the bike shop?
- by admin
An Irish Express logistics truck driver is going to have a tough time selling his bike to the customer.
Indies Express is taking over La Express’s warehouse in New London.
The company is hoping to make a profit on the new operation, which it plans to convert into an independent bike rental service.
The logistics company says it has the ability to increase customer traffic by up to 50 per cent by providing bicycles for people to rent out at bike shops.
In fact, there have been many successful bike rental operations in the city, with a few hundred bikes provided by La Express to local bike shops over the last five years.
The bike rental business will have to be a lot more profitable in order to justify its price tag of around $500 a week.
But that is just a small part of the business model that will have been transformed by the Irish Express purchase.
The new company will be the company’s largest employer.
The move will create a 10 per cent increase in the company workforce.
“This acquisition is a huge win for our customers and we are looking forward to building a world class bike rental network in the UK and Ireland,” said Andrew Murphy, vice president of Irish Express.
The purchase is expected to close by the end of the year.
An Irish Express logistics truck driver is going to have a tough time selling his bike to the customer.Indies Express…
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