Explosive YOY Growth: Electric Scooter Accessories Brand with Proprietary Designs Assembled in the USA
This company is an industry leader in the electric scooter market, providing fully branded, USA Assembled and Designed electric scooters. With a reputation for quality, this opportunity carries more than 8 SKUs and an average order value of $1,899. As interest across the world moves toward greener options and more sustainable living, these eco-friendly (non-gas-powered) scooters are gaining traction on a global scale.
OPERATIONS
The company operates on an inventory stock model with a 3,000 square foot warehouse. Leveraging an effective warehouse manager they fill all orders promptly and effectively to drive increasing revenue. The service could also be streamlined through the use of Amazon FBA or a 3PL to reduce operating costs and improve service. Ownership is responsible for managing product development, coordinating suppliers, overseeing sales, and applying marketing initiatives.
The company operates on an inventory stock model with a 3,000 square foot warehouse. Leveraging an effective warehouse manager they fill all orders promptly and effectively to drive increasing revenue.
MARKETING AND KEY METRICS
Leveraging a dynamic marketing mix, this strategically developed company has been scaling reliably through the use of Facebook, Instagram, Google Ads, Pinterest, Yelp, SEO, Affiliate Marketing, email initiatives, word of mouth, and community awareness. Adding to these impactful practices, a capable buyer would be able to seamlessly scale this brand with the addition of influencer marketing, industry partnerships, SKU development, and channel expansion … gaining consumer awareness and reach.
Currently, this company sells only through its own website and could be impactfully scaled with the addition of an Amazon.com storefront, Walmart partnership, and Target sales channel while actively developing a mobile app.
Key metrics for this business include recurring revenue rate of 5-10%, wide brand awareness, and a strong Year over Year Growth rate. In addition, there is an average order value of $1,899 and a higher safety rating through cutting edge features such as a remote alarm system, trunk storage lock, regenerative braking, and front hydraulic suspension.
The target customer base for this business includes those interested in eco-friendly and sustainable modes of transport who are seeking a high-quality, stylish moped option.
BUSINESS MODEL & RESOURCES NEEDED
In addition to the current owner, there are 2 employees at this business including a warehouse manager and a customer service specialist who also operates as tech support. This list could easily be minimized by hiring a supply chain manager or 3PL as well as an outside marketing agency.
THE INDUSTRY
This business operates in the electric scooter and accessories industry which is a rapidly growing and trending offering. As clean energy, electric transport becomes more popular, this niche market is poised for significant growth. As eco-friendly (non-gas-powered) scooters are gaining traction on a global scale, this company is at the forefront of sustainable living technologies.
OPPORTUNITIES TO SCALE
Opportunities for scale include channel expansion across online storefronts such as Amazon, Walmart, and Target. The addition of influencer marketing, industry partnerships, SKU development, and community outreach could also significantly increase consumer awareness and reach. The implementation of a new mobile app would also enhance user experience and attract more customers.
Asking Price: $3,500,000
Gross Income: $1,948,000
Cash Flow: $779,483
Year Established: 2018
Employees: 2
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