Charles R. Conte, Sr. opened the first Conte’s bicycle store in Newport News, Virginia in 1957. Conte, the son of Italian immigrants, was a hard working machinist at a nearby shipyard when he opened his small, neighborhood bicycle and repair shop. Conte ran the shop based on his love of bicycles and his vision of providing personal service, and top quality products that he could personally guarantee. By 1960, the store was doing so well that Conte left his job to devote his efforts full time to the store. In the bicycle boom of the 1970s, he relocated and expanded his store in the Newport News Hilton area.

Contact Information for Conte's Bicycle & Fitness Equipment

Company Website: http://www.contebikes.com

1205 Barn Brook Rd. NA
Virginia Beach
VA 23454 USA Work: (757) 496-6970
Fax: (757) 496-9096

Entrepreneur.com Company Profile

Email: VAB.RedMill@contebikes.com

Opportunity Type:

Training Available:
  • At headquarters
  • At local location
Support Available:
  • Newsletter
  • Meetings
  • Internet
  • Purchasing cooperatives

Business Start Date: 1

Description: Charles R. Conte, Sr. opened the first Conte’s bicycle store in Newport News, Virginia in 1957. Conte, the son of Italian immigrants, was a hard working machinist at a nearby shipyard when he opened his small, neighborhood bicycle and repair shop. Conte ran the shop based on his love of bicycles and his vision of providing personal service, and top quality products that he could personally guarantee. By 1960, the store was doing so well that Conte left his job to devote his efforts full time to the store. In the bicycle boom of the 1970s, he relocated and expanded his store in the Newport News Hilton area.

Required net worth: $350,000

Total investment: $456,000 – $699,000

Cash liquidity: $125,000

Franchise fee: $60,000

Franchise Start Date: 1

Number of Employees: 18

Number of Franchises: 6

Company Owned Units: 1

Ongoing Royalty: 3%

Financing Available: Yes Third Party


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