MergerPlace

Retail-Electric bikes-mobility scooters

Florida (Volusia)


  • Asking Price: $475,000
  • Gross Income: $638,099
  • Cash Flow: $179,452
  • Real Estate: Not Disclosed
  • Inventory: $10,265
  • FF&E: $9,000
  • Listing ID: #222857
  • Established: 2017
  • Employees: 2

Business Description

Retail location selling motorized mobility scooters, adjustable beds, lift chairs, massage chairs, saunas and now their newest product line.... Electric bikes. Tremendous opportunity for the right owner to take this highly profitable business to the next level. Current owners recently were selected to become vendors for one of the hottest electric bikes on the market. The response has been incredible and they now have the chance to open two additional locations in the next 6 months. The national electric bike company offers all the support and tools necessary to be successful selling their product line. In addition to selling these product from their 3000 sq ft retail location in a busy shopping center they also sell them online. They have agreements set up with several vendors offering the highest quality mobility scooters, massage chairs, saunas, lift chairs & adjustable beds. They simply advertise these products online through various sites such as Craigs List, Wish, FB marketplace etc and once the ordered is placed, the item is drop shipped directly from the manufacturer. This model in conjunction with their retail sales allows for high profit margins!


Business Details

Primary Business Category: Retail Trade - Sporting Goods, Hobbies, Books
Location: Florida
County: Volusia

Company Information

Year Established: 2017
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2

Financial Information

Asking Price: $475,000
Gross Revenue: $638,099
Cash Flow: $179,452
FF&E: $9,000
Inventory: $10,265
Seller Financing Available: Yes

Property Information

Facilities:

Retail location is a 3000 sq ft end unit in a busy strip center. A new Wawa is going in directly across the parking lot that will generate traffic of thousands of cars per day.

Growth & expansion opportunities:

They have only just begun to promote this brand of electric bikes and the demand has far exceeded expectations. Current owners were offered the opportunity to open two additional electric bike stores within the next 6 months, one in Daytona Beach, the other in Mount Dora. Due to the pandemic, the demand for the other products such as the mobility scooters, massage chairs & saunas has also increased tremendously due to the fact that more people are looking for ways to enjoy their home, promote their health and get outside safely. With the right, motivated individual, this business is ready to go to the next level!

Competition:

The products that this retail store sells are very unique and they have area exclusive vendor contracts. There is no other location that offers the types and brands of products that they offer. The closest store offering this brand of electric bikes is over 30 miles away. They have high margins that allow them to offer these products at competitive pricing.

Reason for selling:

Inquire with agent.

Support & Training:

Current owners will stay on for 30 days to train new owner on processes and systems. Further training and support is negotiable and will be provided as needed.

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Business Listed By:

Allyson Lightbody

Florida Business Exchange, Inc.