Build a Brand Poised for Growth!

Virginia

Seller Financing Available

listing image
Asking Price:$25,000
Rent:$2,300/Month
Established Year:2011
Cash Flow:$5,000
FF&E:$10,000
BUSINESS DESCRIPTION

Well Established, Scalable, Very Profitable, Growth Opportunities!

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.


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,500
Lease Expiration
06/10/2027
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Facilities: Warehouse outfitted with bike racks. Currently in Richmond, VA but can be relocated.
Competition
Seller asserts: - Great name and logo. - Hand-made - More attractive price point - Customizable - More responsive and fun to ride than competitor bikes
Growth & Expansion
With enhanced marketing and wholesale sales to brick-and-mortal stores, the great bicycle designs could become even more popular. Current owner unable to invest capital needed to produce bicycles to satisfy a waiting list of eager customers.
Financing
Owner Terms:$15,000.00 Interest:7% Term Months:60
Support & Training
Number of Weeks Seller Will Offer Training: 2
Reason for Selling
Other Endeavors
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Gina
Chapman
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Gina Chapman