Fun/Attention Grabbing Product/Patents/Trademarks

Houston, TX
Harris County


Asking Price: Annual Revenue:
$349,000 Not Disclosed

Retail: Sporting Goods, Recreation


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RE: Fun/Attention Grabbing Product/Patents/Trademarks Broker: Jim Goldman

Quick Facts

Asking Price: $349,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 40916076
Broker Reference #: JLG3000

Email or Print Listing

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Business Overview:

Company designs, owns, and distributes uniquely designed electric scooters, kick scooters, and coolers along with accessories. The products are designed with fun in mind and are bought by men and women of all age groups from teenagers to senior citizens. The products have also been purchased by businesses for corporate campuses and branding programs. These products have appeared in many television shows and in one music video. TV shows include, The New Girl, Fast & Loud, and The Tonight Show with Jimmy Fallon. There are no geographic limitations as they are sold and shipped throughout the USA. The company also has two foreign distributors and negotiations are ongoing with three more. These products also fit well within the growing “Green” products market. The product line consist of a two battery powered scooters that differ in motor and features. The other main product is a beautifully designed kick scooter featured in 5 different colors. Accessories include seats, covers, and attachable cooler wagon.

These branded products have considerable opportunity for growth in all geographic regions as well as product diversification. This product is not only sold within the retail market, but opportunities exist within the business promotional market. New designs have just started to hit the market and one patented design is ready to be developed. Professional factories are in place along with skilled employees in the USA. Company currently rents a 5000 sq. ft. warehouse, but the business can be moved, or new owner can simply use a 3rd party fulfillment company to handle warehousing and shipping thus allowing a new owner to work from home. New web pages have been recently created, but very little has been spent on marketing or internet advertising thus giving a new owner great opportunities to promote the product and build sales. Owner is willing to stay for a transition period. New avenues of marketing both traditional and through social media will bring dividends. Company has small dealer base and there is interest from dealers throughout the country that have not yet been brought on board thus giving Buyer a quick way to increase sales and market penetration.

The company sale price is $349,000 plus inventory. Patents/Trademarks included.

Here’s your chance to be involved in the growing electric vehicle market. The owner will consider investors as well as strategic buyers looking to purchase company. This company produces a unique electric, 3-wheel micro-mobility vehicle sold throughout the USA and with distribution in Australia, New Zealand, Canada, and Sweden. With a known trade name, a patent for a commercial use version, and a history of good customer service, this company is ready to take the next step within this growing market.

The electric low speed micro-mobility vehicle market is expected to be $7.5 billion by 2025. North America is expected to account for the highest share of this market. With 40% of all car trips less than 2 miles in distance, products that fall into the micro-mobility grouping are the perfect substitute for gas guzzling automobiles. With governments around the world limiting the use of gas vehicles, the EV micro market is poised for huge growth.

The product line consists of a two 3-wheel, battery powered trikes that differ in motor and features along with related accessories. Accessories include seats, covers, and an attachable wagon. The trikes are sold strictly for adult ridership. These are not children toys.

This branded product has a good history and is ready on day one for new ownership. This product is not only sold within the retail market, but opportunities exist within the business promotional market. New designs have just started to hit the market and one patented design is ready to be developed. Professional factories are in place along with skilled employees in the USA. Company currently rents a 5000 sq. ft. warehouse in the low cost, pro-business state of Texas. A web site with shopping feature is in use, but very little has been spent on marketing or internet advertising thus giving the company an opportunity to expand brand awareness. Opportunities also exist for product diversification. New avenues of marketing both traditional and through social media will bring dividends.

Sales both in revenue and sales unit volume have nearly doubled since last year. As distribution in Australia and New Zealand has just started, along with discussions with potential dealers and company advertising budgets increasing, sales for 2022 are expected to grow again by large percentages. With Covid-19 an ongoing threat, the desire for single-rider vehicles will only increase. This is the perfect time to purchase a company that is not only on a growth path, but also produces a product that brings smiles to customers and “wanna to be” customers.

The information contained in this promotion is subject to change, corrections, or withdrawal without notice. Information provided herein has been provided by the Seller and not by Broker.

The Seller has listed this business to be sold through an asset transaction vehicle and not through a securities transaction vehicle. This is not an offer to sell securities. This is not a solicitation to sell securities.

Listing Liberty Exchange and Jim Goldman Consulting, Inc. For more information email Jim Goldman, Principal

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Market Competition and Expansion:

Very few competitors in the USA GROWTH POTENTIAL & EXPANSION - Opportunity for growth both nationally and internationally

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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