With a passion for cycling and through a combination of its brick-and-mortar store, its website BikeAhead.com, and online retailers, Bike Ahead has established a reputation for providing quality products and services to bicycling enthusiasts around the world.
Bolstered by the success of its storefront and online shops, Bike Ahead needed a larger space to accommodate its rapid growth. Earlier this year, company owners and brothers Leib and Jacob Lefkowitz turned to the New Jersey Economic Development Authority’s (EDA) Premier Lender Program to support its purchase of a new, 33,000-square-foot warehouse in Totowa to house its operations. Through the program, Bike Ahead obtained a $1.89 million loan from Two River Community Bank that included a 30 percent EDA participation.
“When we outgrew locations in Brooklyn, we faced a strategic decision: continue paying rent on three locations in New York, or combine into a larger, yet lower-cost warehouse in New Jersey,” Leib Lefkowitz said. “With EDA support, we chose the latter and have been very satisfied with our decision to locate in Totowa.”
While Bike Ahead still maintains a shop in Brooklyn, most of its operations, including storage and shipping, come from its new warehouse in Totowa.