This Central Arkansas niche retail business is a fledgling enterprise with tons of upward potential! This business is best suited for a single-operator wanting to be their own boss with little-to-no employee base. The business is focused on sales & rentals of high quality electric bikes, along with electric bike accessories such as bags, seats, pedals, gears, grips, locks & a variety of other items all related to the world of Electric Bikes. The company operates from its retail location in one of Central Arkansas’ most desired locations, and has been profitable since it opened in 2020.
The Electric Bike industry is one of the hottest around. GlobeNewswire projects a Compound Annual Growth Rate of 12.6% through 2029 - with global market revenue topping over $92 BILLION!
Established brand in the electric bike industry.
Profitable Business averaging over $335,000 in annual revenues over the last two years!
Cash Flow averages over $63,000 per year!
Well known brand, great reputation, TRENDY & GROWING INDUSTRY!
Inventory = $86,756 (included in Asking Price) Equipment = $7,866 (Included in Asking Price)
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The business can do two primary things to increase revenues.
1. Offer & promote rental services. The location of this business lends itself to bike tours. The business used to provide rentals, but no longer does. This would be easy to start back up.
2. Offer repair services for competitor bikes. The business already offers repair & maintenance services - but only for its products. The demand & ability are both present to expand this offering, which would generate immediate revenues.
Reason for Selling
The seller wishes to pursue other business ventures.
The seller agrees to provide training post-closing for a negotiated amount of time.
The business rents a 4,000 sf shop in a nice, historic part of town. The business has a display floor, small retail section and a repair shop.
Contact The Seller