8+ Yr Old Electric Skateboard/Hoverboard Brand | Amazing Track Record

Seller Financing Available

The business is a forward-thinking ecommerce enterprise specializing in electric rideables, offering an impressive range of premium electric skateboards and hoverboards. Established in 2016 and based in Los Angeles, the business has positioned itself as a pioneer in the personal transportation industry by combining innovation, sustainability, and high-quality engineering. Its flagship products include electric skateboards designed for both adventure-seekers and urban commuters, featuring robust off-road capabilities, precision engineering, and powerful motors that deliver exceptional performance.

Over the years, the business has earned significant market recognition, with products being featured in renowned publications such as Digital Trends, Gizmodo, and BuzzFeed. The company has consistently captured consumer interest, achieving a growing percentage of repeat customers—rising from 5% in 2016 to 31% in 2023—demonstrating strong brand loyalty and recall value. Despite these achievements, the business has recently been deemed non-core by its owner, a serial entrepreneur who is prioritizing more capital- intensive ventures with larger market opportunities.

The sale includes the brand, intellectual property, inventory, and customer lists, as well as a strong social media presence with approximately 24,000 followers on Instagram. The current inventory comprises high- value product lines, including the latest models of electric skateboards, which alone hold the potential to generate over $1.7 million in sales at historically conservative prices. The acquisition price is set at approximately $1.9 million, reflecting a multiple of last twelve months' gross sales and inventory costs. With a track record of innovation and a loyal customer base, this business offers substantial growth potential for an investor or operator ready to reinvigorate marketing efforts and capitalize on the burgeoning demand for sustainable, high-performance personal transportation solutions.

Key Highlights

• Premium Electric Rideables: The business specializes in award-winning electric skateboards and hoverboards designed for adventure and high performance, featuring cutting-edge innovation.

• Strong Brand Recognition: Products have been featured on major platforms like Digital Trends, Gizmodo, and BuzzFeed, with a loyal customer base and repeat purchase rate increasing to 31% in 2023.

• Attractive Inventory Value: $900k worth of inventory, including popular product lines like the Rover X and Beast Gen 2, with sales potential exceeding $1.7 million even at historical low prices.

• Growth Opportunity: Historically strong sales performance tied to marketing investment, indicating untapped potential with renewed focus and resources.

• Proven Market Appeal: Over $37 million in lifetime sales, averaging $4.7 million annually, with consistent demand for high-quality, eco-friendly electric rideables.