Business Summary:
This is the ONLY exclusive electric bike retailer in the Detroit area, providing eco-friendly electric bicycles that are cleaner and cheaper to operate than gas-powered vehicles. Great Opportunity with less than 50k down on the asking price! With an established reputation and a five year track record of excellent customer service, they have a loyal customer base that continues to visit for repairs, parts and upgrades and a well-designed website that generates over HALF of the yearly revenue ONLINE. Excellent growth potential! Electric bicycle sales doubled in the U.S. from 2012 to 2013, with rapid growth expected in the future. With easy access to I-96 and almost no competition in the area, people drive from all over Michigan and as far as Illinois, Ohio, Indiana and Canada to visit this unique suburban electric bicycle store. The bike prices range from $599 to $4,000, while electric scooters vary from $299 to $599. With an average sale of $1,600 and a 30-40% margin, the profit potential is huge and just one large sale can cover most of the monthly operating expenses. Owner will provide full training and support, no experience is necessary. Seller financing is available for the business and inventory with only $50k down!
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