_Business_
_Please quote reference B07274_
Founded in 2020, this omnichannel electric mobility retailer and repairs shop
has experienced significant and sustained growth within the growing electric
scooter and bike market over the past three years. The company specialises in
premium e - scooters, providing comprehensive sales, repair & parts, upgrades
and customisation services.
Based in the south - west of England, the company boasts a strong digital
presence, with an online e - commerce website, as well as leased premises. These
premises encompass a shopfloor and a workshop for repairs and customisation,
as well as two bathrooms, a kitchen and additional space for stock.
Currently operating with three employees, the business enjoys an outstanding
reputation in the market with 4. 7/5 star rating on Google across 207 reviews,
and has cultivated a repeat customer base, both regionally and nationally.
Word - of - mouth recommendations, referrals from other players in the industry,
and an active social media presence generates a steady stream of new leads.
Although young, the company has undergone exponential growth in recent years,
over doubling its turnover from £145k in 2021 to £353k in 2022, while
increasing its gross profit margin from 31% to 38%.
Driven by the green transition and government incentivisation of electric
mobility, the e - scooter market is undergoing significant growth, with the UK’s
market alone projected to grow by 19% between 2024 and 2028, according to
Statista.
Highlights -
* A young company that has undergone significant growth;
* Omnichannel sales;
* Impressive financial profile, showing considerable growth in turnover and gross profits;
* Over 3000 active customers;
* Receives frequent referrals from other players in the industry;
* High percentage of repeat custom;
* Nationwide operations with multi - channel sales.
* Self - sufficient business with little shareholder input required.
Opportunities -
*
Potential for expansion into international markets; Well - placed to capitalise
on the young but growing e - vehicle market within the lucrative niche of
electric scooter and bike repairs and sales.
_Location_
11 Quay Street, Bristol, BS1 2JL
_Premises_
The business is registered to and operates from this store, operating as both
a shop in the front end and a workshop in the back end.
As such, expansion within the current premises is not feasible. However, it
would not be difficult to relocate the business if the new owners wished to do
so.
Capacity - wise the store requires a minimum of two workers to keep the business
operational. With at least one in the front and back end respectively. With
more than two employees present though, operations are more efficient.
_Tenure_
The property is not owned by the business and is operating out of a leasehold
property.
_Hours_
Further information can be made available upon request.
_Staff_
Aside from the owners there are four employees. Of which, two play key roles
in the day - to - day business operations.
_Financial Profile_
2022 Turnover iro £353k
Offers invited from £190, 000

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