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Chak
@wildwest
Going by how the markets is going... and which shops are surviving.
Try and do a tailored approach with bike fitting service and possible team up with a frame builder.
Get a decent mechanic and provide a good service and have a most parts in stock. Market it towards high end road bikes.
You will not survive selling socks and inner tubes.
Coffee and chill out area will attract the right crowd may be even sublet a small area to some one to run it.