London doesn't need another bike shop!

...And before anyone asks, yes - there will be a Minutemen cover band* and free beer at the opening.

*If I can't get the mexican guys from the Dorito's ad

This is enough for me.

However, I live in Australia.

My friend opened a bike shop a few years back. He pretty much cornered the market when it came to SS/FG stuff, "hip" commuters, and uni students that want their old bike made servicable to they can ride it.

A lot of bike shops here don't really offer any of that, they'd rather sell you a Giant / Trek / Merida / etc, than service your old steel bike, replace the cables and chain and tape the bars.

He seems to be going pretty well. He only sells a few complete bikes, a few frames, but is flat out with services and selling parts, lights, helmets, locks, bells, etc.