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Asking Price: $590,000
Cash Flow: $100,000
Gross Revenue: $1,200,000
Lease Rate: N/A /SF
Revolutionary,intelligent,clean,green descriptive terms related to a fast-growing tech company specializing in small electric vehicles and,literally,changing modes of mobility . Encompassing electric scooters,bikes and skateboards, this Miami-based company is selling one rental shop, one online shop, a list of dealers and is prepared to sell the franchise for the very affordable price of $590,000. Having been started in 2016, this fast-developing business has become Miami's first choice for electric scooters, bikes and skateboards. With limited competition, this business provides a prospective buyer with an opportunity to join an industry whose sales grow more annually; this is evidenced by the $1,200,000 gross sales. Futuristically, these clean, green, safe and quiet rides are right on the mark; products are very high-end while also being fashionable, portable, intelligent,environmentally-friendly and top quality. Having already established a good reputation, the owner utilizes quality marketing channels and maintains low costs(own importation) while attaining a sizable margin on sales and rentals. Also important to note, no debts have been incurred.
In addition to the small vehicles, the company provides accessories such as intelligent helmets, solar panel backpacks, and much more. Inventory is valued at $160,000 and included in the sale; the FF&E is also included and valued at $15,000. Additionally, a $50,000 value is shown for franchise, documentation and LLC. Operating with five employees, the business is open seven days per week all year round. In terms of expansion, one may build this company to own a chain of sales points, sell franchise ,grow the list of dealers and distribute internationally. In addition, a prospective buyer may look to increase the range of products and develop the long-term rental component. In order to ensure a smooth transition to a new owner, the present owner will provide a comprehensive and hands-on training program, thus providing the knowledge, skills and expertise required to successfully operate the franchise. Moreover, a vast amount of paid advertising has been established by the present owner ; he has also built a database of 5,000+ bike and scooter companies and 4,000 individual customers all to be automatically transferred to a new owner.
Anyone who has an interest in a tech company that is "cutting edge" and smart, this gem is definitely worth investigating!!
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