New York City is bicycle crazy these days as exercisers, sightseers and cash-conscious commuters of all stripes are hopping on bikes like never before. The bicycle craze has not gone unnoticed by Robert Ferrarin of Gerritsen Beach, who has made a killing in repairing and selling used bikes.
According to a report by Crain’s New York, Ferrarin runs his business out of his garage located at 113 Noel Avenue in Gerritsen Beach. Ferrarin, who owns a construction company, started repairing bikes as a hobby but has seen his hobby grow into a lucrative business:
Sheepshead Bay Bicycles is poised to sell 1,000 bikes this season at an average of $300 each, up from 80 bikes during his first year in business five years ago. Customers come from as far afield as New Jersey and Connecticut, he said, and so does the inventory, replenished by six retired men who scrounge for salvageable bike parts at yard sales throughout the tristate area. He performs a tune-up with every purchase, while his wife, Brenda, assembles the bikes and his friend Richie Delea manages sales.
“We thought our first year was good,” he said. “Then it just so happened that we started at the right time.”
Ferrarin’s business was nearly washed away because of Superstorm Sandy, which destroyed 200 bikes at a cost of $30,000 in damage. Despite the setback, Ferrarin noted that the city’s Citi Bike program, which lets anyone rent a bike at kiosks around the city, has added to the bike craze – and his business.
“People who are nervous about riding in the city will get more comfortable. When they get tired of [returning their Citi Bike] every half-hour, they might want to come buy a bike,” Ferrarin told Crain’s.