Shipping bikes direct-to-consumer is free, and all models come with a 50-day return policy. We, on the other hand, continued to produce bikes." "I think a lot of other bike companies paused and/or canceled production early on when COVID-19 cases were rising nationally. "We have been told by every dealer that we have had more bikes available than every other bike vendor they work with," he said. Khakshouri said he's had inventory available all summer despite supply-chain shortages affecting the industry. The best selling models are the Harper fixed gear ($219.99), Beaumont City Bike ($259.99), and Chatham Beach Cruiser (starting at $199.99). "We have not raised any equity capital and have grown organically from the initial investment of $16,000 in 2009."
"We don't disclose our profits, but we are profitable and have been each year since 2009," he said. That's up 150% from 2019, Khakshouri said. The bike segment makes up about half of Retrospec's total sales, which are projected to be $50 million in 2020. "When paddle was a new and emerging category, we felt there was an opportunity to become a leader in that space as we had done in the fixed/commuter bike category." "Retrospec's mission was always more about promoting an active and healthy lifestyle and providing accessibility to recreating outdoors," Khakshouri said. From there, he steadily built the company to include other active sport segments. Khakshouri connected with a China manufacturer "online from my dorm room" to produce his first bike: the Retrospec Alpha fixie. Retrospec's stable of bikes are made in China and range from kids' models to $199.99 beach cruisers to a $459.99 upright gravel/commuter. "We were due to grow out of this space one to two years ago, but we bootstrapped longer than we probably should have due to the uncertainty caused by tariffs."
"We have grown double- or triple-digits for 11 years," said Ely Khakshouri, Retrospec founder and CEO. It's quite an expansion from the early days of the company's launch 11 years ago as a seller of fixed-gear and single-speed commuter bikes. The move is expected to be completed in the first quarter of 2021.
The bike-skate-paddle-snow-fitness e-commerce brand with a growing bicycle dealer network recently signed a new lease to move from its 65,000-square-foot warehouse to a 200,000-square-foot location in Perris, California, about 68 miles east-southeast of L.A.
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