Veteran Adult Electric Cycle Mfg. For Sale

Not Disclosed, CA
San Luis Obispo County


Asking Price: Annual Revenue:
$45,000 $25,000

Manufacturing: Auto & Transportation


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RE: Veteran Adult Electric Cycle Mfg. For Sale Broker: Vince

Quick Facts

Asking Price: $45,000
Annual Revenue: $25,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $5,000
Real Estate: Not Disclosed
Year Established: 19
Employees: 1
BBN Listing #: 719962743
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

This opportunity is perfect for an existing going concern in the two wheel electric transportation space looking to expand their product offering with minimum investment and immediate cash flow. After 20 years it remains unparalleled in durability, dependability, ease of use and is competitively priced. Fully functional website with integral shopping cart for customer purchases. Parts still being sold to customers with '02 vintage bikes! Riders range in age from 16 to 80 demonstrating a wide demographic appeal. Road legal in all 50 states. Bike was initially produced in Taiwan and brought over to US by container loads. Around '06 the business level was almost $1 million in sales. Operations fell on hard times around '08-'09 due to recession, ill health of the then managing partner, and lack of in-house manufacturing experience. Transfer of business to current owner occurred in '12, supply chain re-established and production was restarted domestically by '14.

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Property Features and Assets:

Assets only sale. Business is currently housed in a 600sq. ft private shop with two offsite storage units for the bulk items and must be easily relocated. 1,000 to 1,500 sq. ft should house all in one location initially. Computers, printer, work benches and as much shelving as you want. Logo trademark protected. Complete bike assembly documentation. All parts inventory at valued at around $35,000. Currently based out of owners personal shop and is part time. Fully assembled in the USA, tested and shipped at this location. Minimal metric hand tools required.

Market Competition and Expansion:

Explosion in the electric bike offerings available has obscured the visibility of the cycle and will require some marketing to regain it. Growth opportunities can be pursued in any large expanse areas such as airports, distribution centers, business/school campuses as well as to local individuals for use to commute, run errands or just to joyride. Developing localized distributor shops would also be highly recommended. More and more campgrounds are pushing for quieter mobility in their sites. Owner willing to assist in relocation, setup and training for assembly and tech help.

Reason for Selling:

retiring

Additional Details:

  • The property is owned.
  • 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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