campus cycles elevator_pitch
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Michael Jreidini
Mission
• Campus Cycles is a self-service bicycle sharing program for students. Our goal is to provide students with a fast, easy mode of transportation around campus. With bike racks located near many buildings on school grounds as well as neighboring areas, students can forget about driving around campus and go green! A simple swipe of the student ID sends students cycling around campus!
Market• Short-Term Bicycle users in
college townso Students o Faculty
Need for Campus Cycles
• Provide students/faculty with short-term transportation that is:o Safeo Fasto Greeno Worry-free
• 85% of cyclists commute in 30 minutes or less
Competition
•What competition?oCampus Cycles offers the unique opportunity to create the market!
Start-Up Costs
• Costs calculations represent costs for 1,500 Bikes & 150 stations
o Bicycle Costs: $600 per bike. Total = $900,000o Capital Costs: $4,000 per bike. Total =
$6,000,000o Operating Costs: $1,500 per bike. Total =
$2,250,000
Total Start-Up Cost = $9, 150, 000
Questions?