Segway Dealer & Beachside Tour Provider

Los Angeles, CA
Los Angeles County

Asking Price: Annual Revenue:
$259,000 $489,000

Retail: Sporting Goods, Recreation

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RE: Segway Dealer & Beachside Tour Provider Broker: Rick Carlson
License #: 01820673

Quick Facts

Asking Price: $259,000
Annual Revenue: $489,000
Net Profit: Not Disclosed
Cash Flow: $79,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: 4
BBN Listing #: 740427574
Broker Reference #: 833 Recration

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Business Overview:

Successful Segway dealer and tour operator has been in business for more than 15 years. In addition to selling new and used Segway Personal Transporters, the Company provides product service, and daily guided tours and rentals from a high-profile retail location in Santa Monica. Its experienced staff and well-maintained fleet also run tours for larger groups (up to 50 riders at once) in locations throughout Southern California.

Online booking is available; as are parts and accessories for sale as an authorized Segway retailer.

This is not a franchise; no additional investment is required and there are no reoccurring fees of any kind. Buyer will need to apply to Segway’s HQ to maintain approved dealer and service center status.

Buyer will submit an application to Segway’s HQ to maintain approved dealer and service center status but this is not a franchise; there is no additional investment required or reoccurring franchise fees of any kind.

NDA required for release of detailed CIM. Thank you.

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Property Features and Assets:

Facilities: The 1,400 square foot retail space rents for $7,000 per month. It is located on the ground floor of a high-profile residential high-rise that bring lots of foot traffic and offers easy access to the beaches. The current lease expires in Sept. 2021 and has 5-year option at market rate. Seller spent $65,000 on improvements to the space that was formerly an art gallery.

Market Competition and Expansion:

Competition: Is not intense. Three similar providers are not approved dealers and/or they are not located within striking distance. Lime scooter rentals offer a different experience and tend to be used more for short-range, one-way transportation and are garnering a bad name thanks to user’s carelessness after use. However, Segway’s Ninebot scooter products will enable the company to remain directly competitive. Growth & Expansion: There are many applications for the inventory that the Seller has not investigated. These include fleet sales, long term rentals and advertising applications. Actively and consistently marketing to local hotels and other tour companies is also recommended.

Reason for Selling:

Seller is looking to invest in real-estate oriente

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.

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