Yearly revenue

$2,223,000

Yearly net profit

$636,000

Asking price

$1,560,000 SOLD

Main Benefits

• Rapid revenue growth with earnings reaching a c.232% CAGR for the period 2016 to 2017
• Market leading position in the growing bicycle industry, currently valued at $45 billion and forecast to reach $62 billion by 2025
• Dozens of high quality SKUs with hundreds of five-star customer reviews
• Extensive operational documentation and SOPs, facilitating post-sale transition

Description

For sale is a proven and authoritative business in the outdoor sports and recreation niche.

Launched in 2015, the business has built a market-leading brand with a portfolio of high-quality bicycle parts and accessories. Specializing in comfortable bike saddles and unique seat covers, the business offers a well-defined value proposition that is difficult to match.

The business's unwavering commitment to quality and comfort have gained strong market acceptance, with products ranking first for comfort on third party review sites. With hundreds of glowing five-star reviews from happy customers, the business secured a favorable position in the growing and profitable bicycle industry, forecast to reach $62 billion in sales by 2025.

Overall, the business is simple to run with the owner focusing on rigorous SOPs and documentation from the very start. This has allowed the owner to outsource much of the day-to-day operations to contractors, allowing for plenty of time to focus on strategic growth initiatives.

This is a great acquisition opportunity for a new owner looking to take over a robust and scalable business with a history of continued success. With an authoritative brand, stable growth, and extensive SOPs, the business is primed to be taken to the next level.

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All numbers are prepared on a SDE basis.