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UK-Based Specialist Electric Bikes Retailer/Supplier For Sale - £1.1m+ Turnover

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    26/01/22

  • Advert ID

    289496

  • Reference

    147428 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: Price on Application
  • Turnover: £665,000 (£12,788 Per week)
  • Net Profit: On request

Key Features

  • Offers Invited

Business Details

OPPORTUNITY TO ACQUIRE A SPECIALIST ELECTRIC BIKES RETAILER SUPPLIER BASED IN THE UK

Turnover for YE23 exceeded £665k. Forecast turnover for YE24 at circa £650k. Offers a comprehensive range of electric bicycles and accessories. Provides a wide selection of eco-friendly commercially attractive products. The e-bike market is predicted to have remarkable growth as already seen in European markets. There is existing and future government infrastructure and funding for e-bikes following the pattern set in EU territories. Operates from two showroom premises. The first is owned by the company on a long-term lease agreement, the second is leased from a private landlord. Also provides full coverage of workshop services including inspection, maintenance, upgrades and customisation. Provides services to clients nationally, circa 80% of whom provide repeat business. Strong second-tier management team. Offers invited.

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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.

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The data showed regarding this advert 'OPPORTUNITY TO ACQUIRE A SPECIALIST ELECTRIC BIKES RETAILER SUPPLIER BASED IN THE UK - 147428 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.