Listing Number: 76931-758658
This is a 100% absentee-run, profitable business that sells and services electric bicycles (“E-bikes”) as well as provides tours and rentals in the southeast Houston area. This diverse business has a strong connection to the community and serves locals as well as year- round tourists.
This business is COVID proof with SDE ~$56K on average for the last 3 years. Inventory of around ~$75K is included in the purchase price.
The owner started the business in 2017 and the business has steadily grown by its excellent customer service and great reputation, creating very loyal customers. There are over 400 reviews with a 5 star on Google.
The current owner works in oil and gas full time and is mostly offshore. The store is run smoothly by an experienced manager, with only 2 hours of remote work per week from the owner. The new owner can run the business absentee or devote more time to growth.
The electric bike industry has experienced significant growth in recent years, with increasing demand from consumers for eco-friendly and efficient transportation options. The public is also seeking for more active outdoor activities for its countless health benefits. There are multiple cruise ships that arrive each day with most staying overnight. The business is positioned for substantial growth as the general tourism industry, as well as local tourism, is booming. It is rated one of the fastest-growing cities in the U.S., with over 20 million visitors each year. The tourism industry remains strong throughout the year due to the city's warm climate.
- Price: $ 249,847
- Down Payment: $249,847
- Sellers Discretionary Earnings: $ 56,000
- Total Sales: $ 270,000
- Location: Galveston County, Texas
- Inventory: $ 75,000
- FF&E: $ 5,000
- Year Established: 2017
- Reason for Selling: Pursuing Other Interests
- Category: Sports Related Biz