Listing Number: 9525-977301
Description
Exciting opportunity to own and grow a company that provides uniquely-designed bicycles to an upscale clientele! The lightweight and compact bike designs are especially popular with boat and RV owners, retirees, and urban residents. The seller has set up the business foundation (from design to manufacturing to sales) and it's ready for someone with the time and capital to take it to the next level!
Bicycles are handmade in two factories abroad using proprietary designs and then warehoused in the US. Current warehouse is in Virginia, but can be relocated anywhere.
All sales done via website direct to consumer. Bikes sell for ~$240-$900. Owner ships from warehouse to mainly US customers. Accessory sales make up about 2% of revenue.
Current owner is only putting a few hours a week into the business, as he has another endeavor that does not allow him to put the necessary time and investment into this company. This is a great opportunity for an investor who wants to build a brand!
Note: Listing price does not include inventory. Seller willing to provide a seller note of 10% of purchase price.
Listing Details
- Price: $ 25,000
- Down Payment: $10,000
- Sellers Discretionary Earnings: $ 5,000
- Total Sales: $ 0
- Location: Virginia
- Inventory: $ 0
- FF&E: $ 10,000
- Employees: 0
- Year Established: 2011
- Reason for Selling: Other Endeavors
- Category: Distribution,Sports Related Biz
