This is a superb opportunity to acquire a well established online company that specialises in the sale of bicycles in the UK and further afield. The business is available on a relocatable basis.
Turnover in 2021 (Year to Date – 8 Months) of £320,683 with a net profit of £48,172.
• Turnover in 2020 of £250,649 with a net profit of £48,172 – this was due to a change in website provider and finance company which had a significant impact
on revenue. These issues have now been rectified.
• Turnover for 2019 was £375,744, which yielded a net profit figure of £32,338.
• The business has been established for almost 10 years, first establishing in 2012.
• The business acts as a UK based marketplace that advertises a wide range of bikes and related product to clients throughout the UK and further afield.
• The sole aim of the business is to provide their clients with the highest best quality bikes at the most competitive price.
• A unique aspect of the business is the dealer network that they have created. They give other dealers and retailers an opportunity to market their products on the
marketplace and do so on a commission only basis. This is responsible for approximately 20% of the company’s turnover.
• Long standing relationships with key suppliers in their industry, ensuring high profit margins across their products.
• Exclusive relationship (recently) secured with a company who are the largest electric bike rental company in Europe. They have agreed a deal to
purchase their used bikes from them and sell via their online platform. These bikes are in high demand and boast an impressive profit margin of approx. 40-50%.
• Established relationship with fulfilment centre in place
• Strong online presence, including high quality website
• The business benefits from having minimal competition.
• The business has built up an excellent reputation in their industry and is considered a household name in their sector.
• The company have won 2 awards in the last 12 months!
• The business has experienced substantial (organic) growth on an annual basis since they began trading.
• The business is primed for continued growth and futures success under the impetus of new ownership
• Relocatable to any location across the UK or further afield if required by a potential buyer
• Excellent opportunity for an entrepreneur, investment house or company, with synergies, looking for an acquisition.
Further Information will be released upon the receipt of a signed NDA.
Support and Training:
Transitional Period Available with Business
Relocatable to any location across the UK
Is this business home based: