Business
Please quote reference B07616

CoGoGo are delighted to welcome to the market Eelo Products, a highly rated electric bikes and accessories retailer. 

The business was first established by our clients in 2016, building up an excellent reputation and regular customer base. As seen by the online reviews and ratings, the business is extremely popular within this industry. 

Eelo Products has now come to the open market due to pursue other business interests. 

Eelo Products are an exciting electric bike supplier with over 7 years trading history. They’ve built up excellent supplier relationships to ensure both good quality and pricing in this growing market. The business offers a folding electric bikes and a choice of accessories, with them UK designed and assembled. The bikes are impressively light easy and fast to fold/unfold. They can be easily stored and have a low maintenance battery built into the frame.

Their selling platforms include Amazon, Ebay, Google and their own website, with finance options available. Eelo products is also a trademarked brand and was a Queen’s Award Winning Company for 2018/2020. 

The business currently has just over 30 trade accounts/resellers, with all sales being organic growth only. 

This is a fully transferrable business model, with all designs and non-tangible assets included in the sale. 

Key selling points –

• Strong trademarked brand with an excellent proved reputation
• 5 star customer reviews
• ‘Future ready’ for the increased demand to come
• Loyal customer base
• Turnkey solution – brand ready to scale up
• Global market potential
• Trusted platform & supplier relationships in place
• Centre of a ready to boom e-bike market
• Full business handover offered

Scope for further growth –

• New advertising campaign – through physical business development, trade shows, corporate well being events to Google advertising, social media advertising & further 3^rd party selling platforms
• Ideal ‘Bolt-on’ to other companies working within the leisure industry, gifting and corporate sector or those with strong connections to the service sector using call centre office locations or those with large office locations in cities across the country
• Grow current number of trade accounts
• Overseas sales
• Government ‘Bike to work’ scheme

Stock included in the sale comprises of;

• 10 Bikes (5 White and 5 Black)
• 10 Backpacks (5 Blue and 5 Green)
• 10 Saddle Bags 
• 10 Pannier Bags 

Location
N/A

Premises
N/A as the business operates online. 

Tenure
We are advised that this is being sold as an online business only opportunity. 

Hours
Due to the nature of the business, it operates all year round. 

Staff
We are advised that the business is run and managed by our client. 

Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £188,000. Further financials can be made available upon request.