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Newly established Electric Bikes & Accessories business for sale

  • Price: £29,995
  • Turnover: £21,000
Seller Reference: B06007
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Business Description
 
 
 
 
 
 
 
 
 
 
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Seller Reference: B06007
Request Details
Business Description
Business
Please quote reference B06007

Hilton Smythe Commercial are delighted to present to the market YourE-Bike, a new and exciting E-commerce business opportunity specialising in the supply of Electric Bikes & Accessories.

The ‘Turn-key’ business opportunity was established by our client in January 2020 and due to its instant success and growth potential is now being offered for sale due to our client’s need to spend time with her new family.

The YourE-Bike website offers customers an excellent choice of Electric Bikes coupled with an unrivalled personal advice service as well as maintenance service.

Key Brands Include –


  • EMU

  • Popal - *exclusive stockists

  • Lectro

  • Roodog

  • Westhill

  • Wisper

  • Legend

  • E-Go-Bike


Current Bike Range –


  • Electric bikes

  • Commuter bikes

  • Folding bikes

  • Mountain bikes

  • Step through bikes

  • Crossbar bikes

  • Tricycles


The website included not only allows customers to view the bikes in detail but also the ability to order online, arrange a 121-advice conversation or simply keep in touch for new ranges and buying advice. There is a comprehensive section covering a step by step ‘Buyers Guide’ which is very useful for those looking to buy their first electric bike.

The helpful Bike Blog and customer Testimonials give customers the peace of mind this is not simply a supply only business only. There is also the ability to stay on touch with the business newsletter.

Maintenance Service – our clients have partnered with Cycle Tech UK to provide all customers with a flexible maintenance service to ensure both safety and longevity of their bikes. There is also a section with top tips to help with the care of your bike following purchase.

Partners – the Government is pushing more and more employers to offers incentives to employees to reduce their carbon footprint and reduce travelling to work by cars. Coupled with the fact, more and more people want to reduce the close proximity to other commuters on public transport, the demand for electric bikes will continue to increase. Our clients have already established with key schemes who help fund the bikes for employees and spread the payment. These schemes are increasingly popular in London and will undoubtfully spread across the country.

Current partners include –


  • Cycle Scheme UK

  • Bike2Work Scheme


The business also has a insurance partnership with Pedal.Sure Ride SMart.

Throughout the UK lockdown, the demand exceeded the supply of electric bikes and our clients admits that many orders for bikes manufactured abroad could not be met as people’s demand for spending more time outside significantly increased.

Further Growth Potential –


  • Offer a credit facility

  • Develop own bike range

  • Open a physical store

  • Agree a volume purchase discount

  • Increase social media presence

  • Increased spend on Google Ad Words/Advertising platforms

  • Attend outdoor pursuits expos

  • Increase time spend developing brand

  • Offering of test rides as more people are enquiring


Key Selling Points –


  • Easily transferrable business opportunity

  • Exciting ‘Drop Shipment’ business model

  • Around 65 supplier contacts

  • Very low running costs

  • 30% mark up

  • A ‘Buzz’ market model


We are advised a full business handover will be offered.

In our opinion, this new business model will appeal to any person with a similar enjoyment of this sector who can identify the exciting growth potential.

Very rarely do companies of this type and market sector come onto the open market and we therefore recommend very early enquiry to avoid disappointment.

Location
YourE-Bike is currently run from our client’s home in London.

The business is 100% E-commerce and therefore is easily transferred to any new buyer located across the UK.

Premises
N/A

Tenure
We are advised that the business is being sold as Business Only opportunity. 

Hours
The business is trading 24/7

Staff
We are advised that the business is owner run and managed. 

Financial Profile
We are advised that the business generated a turnover in the region of £21,000 for the year, with an adjusted net profit in the region of £7,000. Full financials can be made available upon further request. 

Please quote reference B06007

Is this business relocatable:
Yes
Listed by:
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