MoneySmall business
Start-up fund for Saif: reopening a bicycle repair shop after a break-in
Saif has run a bicycle repair shop for six years; a break-in destroyed the equipment, and $3,800 will put it back on its feet.
🇬🇧 Coventry, England, United Kingdom219 views
For six years I have run a bicycle repair shop in Coventry. In July, a break-in took a full set of tools. I have no insurance, and the bank won't lend to me.
Before that, my customers came every Saturday, and I employed 2 people from the neighborhood. I have been out of business for 3 weeks.
This business pays my children's school fees and rent. I have already started working from home in small ways, but I can't meet orders without proper equipment.
Every contribution brings me closer to reopening, and I promise to post photos as I buy each item.
I'll buy equipment from local suppliers and post photos and receipts as I go.
Where the $3,800 goes:
• Replacing a full set of tools: $2,600
• Initial stock: spare parts: $570
• Shop repairs and licensing: $410
• Working capital for the first month: $220
Thanks for reading all this.
- Saif
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