Thriving E-Scooter Repair & Sale Business in Southwest England with 3000+ Clients
City of Bristol, Undisclosed
- Status
FOR SALE
- Date Submitted:
01/06/23
- Advert ID
514106
- Reference
B07274 / Rightbiz
- Call Agent:
- Leasehold: £190,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
E scooter retailer with in house customization and repair capabilities
BusinessPlease quote reference B07274
Founded in 2020, this omnichannel electric mobility retailer and repairs shop has experienced significant and sustained growth within the growing electric scooter and bike market over the past three years. The company specialises in premium e-scooters, providing comprehensive sales, repair & parts, upgrades and customisation services.
Based in the south-west of England, the company boasts a strong digital presence, with an online e-commerce website, as well as leased premises. These premises encompass a shopfloor and a workshop for repairs and customisation, as well as two bathrooms, a kitchen and additional space for stock.
Currently operating with three employees, the business enjoys an outstanding reputation in the market with 4.7/5 star rating on Google across 207 reviews, and has cultivated a repeat customer base, both regionally and nationally. Word-of-mouth recommendations, referrals from other players in the industry, and an active social media presence generates a steady stream of new leads.
Although young, the company has undergone exponential growth in recent years, over doubling its turnover from £145k in 2021 to £353k in 2022, while increasing its gross profit margin from 31% to 38%.
Driven by the green transition and government incentivisation of electric mobility, the e-scooter market is undergoing significant growth, with the UK’s market alone projected to grow by 19% between 2024 and 2028, according to Statista.
Highlights -
- A young company that has undergone significant growth;
- Omnichannel sales;
- Impressive financial profile, showing considerable growth in turnover and gross profits;
- Over 3000 active customers;
- Receives frequent referrals from other players in the industry;
- High percentage of repeat custom;
- Nationwide operations with multi-channel sales.
- Self-sufficient business with little shareholder input required.
-
Potential for expansion into international markets;Well-placed to capitalise on the young but growing e-vehicle market within the lucrative niche of electric scooter and bike repairs and sales.
Location
11 Quay Street, Bristol, BS1 2JL
Premises
The business is registered to and operates from this store, operating as both a shop in the front end and a workshop in the back end.
As such, expansion within the current premises is not feasible. However, it would not be difficult to relocate the business if the new owners wished to do so.
Capacity-wise the store requires a minimum of two workers to keep the business operational. with at least one in the front and back end respectively. With more than two employees present though, operations are more efficient.
Tenure
The property is not owned by the business and is operating out of a leasehold property.
Hours
Further information can be made available upon request.
Staff
Aside from the owners there are four employees. Of which, two play key roles in the day-to-day business operations.
Financial Profile
2022 Turnover IRO £353k
Offers invited from £190,000
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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