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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Ref: NSW11166
