Greg Scannell

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G Hunter & Associates
Suite 1 77 Hay Street ,
Subiaco, WA 6008

General for sale



Business Details

Ebikesrus Fremantle - producing an Owners Compensation of $170,000 pa

Ebikesrus Fremantle is a bicycle shop that specialises in the sale of Electric bikes, conversion of standard bicycles to electric power, the servicing and repairs of electric bicycles, the sale of bicycle accessories and the operation of a free bicycle hire service on behalf of the City of Fremantle.
It has a range of 5 different Electric Bicycles and 3 different Electric Tricycles. Since November 2015 Ebikesrus Australia has commenced importing the U bike which is an Award winning German design folding bike (non electric) and it is the only distributor in Australia. The director believes this will provide a good opportunity for additional sales for the Fremantle store.

The business commenced trading in 2006 by importing electric bikes from overseas and retailing them through it's Fremantle store. It then started to wholesale the bikes to other retailers and later a retail and distribution centre was established in NSW. One director has been operating the Fremantle store and the company now wishes to sell the retail business in Fremantle so it can concentrate on the importing and wholesale distribution of electric bikes and associated accessories.

In 2014 the business was a finalist in the Sustainability Initiative - Mayors Award in the Fremantle Chamber of Commerce Annual Awards.

An article in the West Australian newspaper on the 28th December 2015 reported that E-bike sales in Australia surged from 11,000 in 2011 to 36,000 in 2013. This is a massive 227% increase over two years. The article also quoted an RAC backed trial which confirms that e-bikes can be a feasible transport mode for commuters.

Electric bikes are a high value item with a good gross margin (41% to 47%) and so it only requires the sale of 5 bikes per week on average to achieve and annual turnover of $536,000 in bike sales. Total revenue for the 2014/15 year was estimated to be $722,549 up from $665,491 or 8.6% for the 2013/14 year.

Trades 5 days per week February - November and 7 days December & January
Annual turnover continues to grow (calendar 2015 up 28% on 2014)
Being sold on an ROI including stock of 63.6% which equates to an Owner/Operator compensation of $170,000 pa)
Well established Brand Name
Very good products
Low stock levels - $35,000 est
Long Lease
No lease bond
Good Staff - currently 1 x Owner, 2 x F/T
Well established Supply Chain
Recently installed Vend POS system

The business is well suited to a person who enjoys interacting with clients, has a passion for bikes, cycling, helping the environment and selling a good product.

Summary »

  • Business Category: General
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G Hunter & Associates
Suite 1 77 Hay Street ,
Subiaco, WA 6008

Phone: 0414 597 327
Fax: 08 9381 8814

Greg Scannell
Phone: 0414 597 327
Mobile: 0409 080 554

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