Highly Rated Eelo Products, Electric Bike Retailer in Swansea, Up for Sale
Swansea Town, Swansea
- Status
FOR SALE
- Date Submitted:
01/11/23
- Advert ID
602066
- Reference
B07616 / Rightbiz
- Call Agent:
- Asking Price: £104,995
- Turnover: £188,998 (£3,635 Per week)
- Net Profit: £30,000 (16% Profit margin)
Business Details
Highly rated electric bike retailer for sale
BusinessPlease 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
- New advertising campaign – through physical business development, trade shows, corporate well being events to Google advertising, social media advertising & further 3rd 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
- 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.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
