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Would be good to know what the pay is.
Yeah, I know about the undercutting. They're famous for it by now ...
To be honest. A culture of "disruption" and one of undercutting (one powered by venture capital money) that targets local bike shops / the bike sector with the view to expand and dominate reminds me of Uber. It's by now a well trodden path.
In my view it's ultimately bad for whatever sector it's done in. Also i reckon a culture undercutting will ultimately effect staff, if not now then at some other point in the future.
Intrigued to see how they go.
I can ask about the contracts and salary if you like. The bonus/profit share looked quite unique.
As far as I can tell, their approach only undercuts bike shops, not staff. They pay little rent but have direct access to customers (web/app bookings) instead of hoping for passing trade/loyal locals.
Service driven, not product driven, it's well trodden ground (for better or worse).