A premium retailer of electric bicycles is being exclusively marketed for sale by Morton Christie Business Brokers.
It is located in a 2,000 square foot modern retail unit in a premium Sussex location, a location that fits well with its client base, although its reputation and accreditations, coupled with its extensive product range, ensures custom from much further afield.
Sales are predominantly electric bikes, supported by a workshop and parts / accessories revenue stream although there is significant opportunity in other personal electric mobility sectors, for example electric scooters, as legislation and purchasing trends broaden within the space.
The business is managed by the owner at a strategic level, but little involvement is required in day to day operations which is managed by 4 employees.
Mirroring a decline in the sector in the current challenging macro economic conditions, sales for the current year are forecast to be lower than 2022 performance. However, in the medium term there is significant growth expectations for the sector – the UK significantly lags the rest of Europe and government policy is squarely aimed at stimulating the personal electric mobility sector. Sales are therefore expected to recover quickly, exceeding the 2020 peak of £1.05M when the economy emerges from the current challenges.
Reflecting current market conditions, the guide price for 100% of the shares of the company has been reduced to £495k and the business will be sold with a debt free, cash free Balance Sheet with a net asset value forecast at c £200k. The acquisition will suit both trade buyers in complementary sectors looking for a presence in the electric mobility sector, or private individuals / small teams looking to purchase a profitable retail business, well positioned to take advantage of the significant further scope for development.
The vendor will provide appropriate handover support.
