E-scooter retailer with in-house customization and repair capabilities

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%.  In 2023 turnover has increased to £436k.

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 £436k.

Offers invited from £190,000