The business has been one of the leading providers of electric bike rentals across Australia for the past 4 years.
As public transport and fuel costs continue to increase, commuters have increasingly been looking to alternative options in Australia and globally. This demand has resulted in a 400% increase in global electric vehicle usage over the past 3 years - something the business has continued to capitalise on with the following:
1. Two distribution centres in Sydney & Melbourne - where riders can rent or purchase an electric bike, accessories, as well as ongoing servicing and maintenance
2. A well-developed blueprint - to launch in new locations nationally and internationally
3. Thousands of customers - with many accessing an ongoing, repeat usage subscription
4. App integration - with 10,000,000 km ridden by riders connected to the company app
5. Readily available physical assets - rental bikes with a replacement value of over $600,000. Stock of over $50,000
6. New technology - Atom model bikes with GPS "Smart Lock' technology enabled bikes
7. Strong social media presence - thousands of followers across Facebook, Instagram
8. Positive customer feedback - 4.6/5 from over 1,000 reviews
9. Partnerships - an official partner of the largest food delivery company in Australia, providing access to 100s of thousands of riders.
10. Profitable - Turnover of $1.34 mill with net profit of $304k (EBITDA).
Supported by a solid brand recognition across Australia, this business has been profitable for some time with $6 million in revenue over the past 4 years.Additionally, this business has been predominantly focused on the delivery courier market - which presents an enormous opportunity to open up the fairly untapped commuter market.
With a proven track record, this business is looking to be handed over to a new operator due to time constraints as the owners look to focus all their time on another rapidly growing Australian business.
If you are looking for a profitable, in-demand business that has an established foothold across Australia and the blueprint to scale if desired, this is the perfect opportunity. Reach out today!
Listing ID: NSW11166
Broker: Stuart McLachlan
Mobile: 0404 687 706
Email: stuart.mclachlan@linkbusiness.com.au
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Note that some details of the business for sale are confidential and disclosure is subject to completing a Confidentiality Agreement and the discretion of the broker.
Stock photo images may be used to represent the business on an unidentified basis. Purchasers are required to make their own enquiries in order to verify the information provided.
Ref: NSW11166
Ref: NSW11166
Timestamp: 20240109120002
