Business Summary:
Climbing gasoline prices and growing pollution concerns are driving a renaissance in the consumer's interest of electric vehicles, and new and pending federal, state, and municipal legislation and ordinances are making it financially sound and practical for the consumer. There are very few electric vehicle manufacturers in the U.S., and even less that would be available to purchase. This is an opportunity to gain immediate access to a niche segment of the electric vehicle market. This company produces several models of very durable “low speed vehicles”, also known as “neighborhood electric vehicles”. It is extremely under-marketed, and currently operates marginally due to little owner involvement and no sales and marketing efforts. The current owners have other businesses commanding most of their time, and they do not have the time required to operate the business. With some capital to invest into an aggressive marketing and advertising campaign and add additional support and sales personnel, it is expected that the growth of the company would be substantial in a very short amount of time. Everything is in place for a buyer to step in and immediately grow the business.
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| Facilities / Terms of Lease:
The current facility provides ample room to grow the business several-fold. The lease is less than $2.00/ sq. ft.. The building is equipped with 3-phase electrical, and is insulated. Buyer has option to continue with month-to-month, secure a long term lease, or move the business. |
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| Potential
Growth/Expansion:
The growth potential for this business and its market is phenomenal. Aside from the fact that the owners have lacked time and resources to properly market the company, they have only focused on one narrow segment of their potential market. Environmentally friendly housing developments are rapidly being constructed nationally, and many mandate or design the infrastructure for the use of electric vehicles. States and municipalities nationwide have passed legislation or have introduced legislation to legalize low speed electric vehicles on 35 and 45 mph roads and streets. For an aggressive sales and marketing oriented buyer with capital, or for a larger company with a dedicated marketing team, this company represents a premier opportunity. |
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| Competition:
Nationwide, there are very few competitors in the electric vehicle market, and even fewer in the niche that this company operates. |
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| Owner
willing to train:
The owner is open to working with the buyer post sale, but the general manager is well versed in all aspects of the manufacturing and intends to remain with the business. |
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| Reason for selling:
The owners have other business interests and cannot spend time in the business. |
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Seller Reference Number: 488-1123
BusinessMart.com Listing Number: 45699 |
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