Testimonial - Ranzo Cycles

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Tell us a bit about your business. E.g. When and how did you start off?

Bicycle repair and servicing based in my Southville workshop and at weekly at the Tobacco Factory market. I can keep my prices low by not renting a shop. The workshop’s in my garden! This allows us to spend time doing a thorough job. We sell good quality used parts and bicycles and as qualified mechanics/engineers we’ll happily work on all types of bikes including pedalecs (pedal electric).


When did you first hear about the Bristol Pound? When did you join?

I heard the night before the opening day and joined up immediately having been a member of the Local Exchange Trading Scheme LETS for years.

Why did you get involved with the Bristol Pound?

To keep Bristol’s money in Bristol. I always want to be a part of that.


How do you or your customers feel or behave when using £B compared to sterling?

Transactions involving £Bs means two parties are acting for the common good. We don’t always hug though!


What’s TXT2PAY like?

Quick to use as a payer and means that my customers can pay immediately without having to go to the cash-point. I’m happy for 2% of my TXT2PAY takings to go £B admin as it’s a small price to pay for the publicity I get.


How have your Bristol Pounds been re-spent or where do you plan to re-spend them?

Pitch fees at the market, coffees and cake at Mud Dock Deli. A fruit stall in the bear-pit. Other stallholders in the market. Proper Brian Wogan (Bristol-based) fair-trade coffee and surprisingly inexpensive cheese at Southville Deli. Harbourside Cafe. I offer the one-ers as change to my customers and explain about the scheme.


What’s the best thing that has happened to you & your business from joining?

Sold 2 bikes in one go. I’m also really pleased to see that some people have changed up a lot of sterling into £Bs.


What do you hope will happen as a result of Bristol people and businesses having their own currency?

My first point of call when I look for a product or service in Bristol is the Bristol Pound Traders Directory (which is ever-expanding). The more people that use local small businesses means that more individuals will be free to start up their own business rather than work for a large company who get to take all the profits out of Bristol for themselves. Working for myself is the best thing I’ve done and I believe the more people that get to do the same, the better.


It’s your money! Is there anything else you’ve done or would like to help make happen with the £B project?

I go around encouraging other market traders to accept it and offer it as change to spread the word. A lot of people are quite excited about it. When I go out, I often will leave my cashcard at home and just take £B10-20 and see what I find.