Online Store Specialising in Electric Bikes Listed for Sale on CrowdMnA

On online-only store focusing on Electric Bikes

Need cash for the next venture I am working on

An online business, a dropshipping store built on the Shopify platform with a unique service approach which allows maximizing the margins provided by the suppliers. Existing relationship with a number of very popular suppliers as well as leading insurance provider and two biggest UK Government-backed Cycle Schemes.

You generate revenue through your margins on sales (between 20 - 45% depending on suppliers) and by commission from the Insurance provider partner.

All products are available on the website and additional services or unique customer services approach can be discussed with the interested buyer once NDA is signed.

Additional investment in Google Shopping Ads, SEO and website optimisation (so the store can climb the Google's ladder to the top of organic search)

Online visibility of the store needs to be increased (via google shopping ads, improvement of SEO and website optimisation as well as organic search results). Main growth opportunity is in expanding the suppliers base and offering a wider range of very specific and unique products. That is possible once the store will have an actual physical store and not online only. There are suppliers interested in working with YourE-Bike once the physical store is opened. Expansion to other markets is a massive opportunity as well as the building of own brand e-bikes.

Yes, I did the research, market analysis, build the store, gathered all suppliers and established all connections and business relationships and continuously worked on adjusting the business model to the changing trend and trying to provide a unique approach which would differentiate that store from other online-only stores.

Selling the company

Company has T&C signed with all suppliers as well as special agreements with the Cycle Schemes, this can all be provided to the new owner.

The store is built on Shopify platform, extremely comprehensive and loaded with technical features as well as compatible with many other applications and Google technology.

Yes

Yes

Any existing licences or other accounts ownerships can be transferred to the new owner.

The brand, unique customer services model, domain, logo

Investment in advertising to keep the business operational & additional investment to grow the business and expand. It is a growing market and potential is great.

online/ shopify

The business has Facebook page, Instagram, twitter & Pinterest and this can be discussed

No physical assets

Yes

Yes, prepared by a professional accountancy firm

Yes

Yes

Yes

Majority of the products are over £1000 (with few products just under) and new products coming on board going up to £5000 (the margins on the sales of these products can vary from 20 - 45% depending on suppliers and other additional cost or offerings)

1. Advertising 2. Accounting 3. Applications cost 4. Operational expenses (emails, telephone, etc) 5. Insurance 6. Other

Currently, the majority of customers are over 40s, people who love and live a healthy lifestyle, cycle a lot in their pleasure time or on their daily commute to work, they have money and don't mind spending this money on great, reliable products. They usually seek to speak and do proper research before they make their decision and purchase chosen product. They appreciate great customer service, knowledgeable and informative, responsive...

probably around 100, unfortunately, all suppliers have run out of products in May (enormous increase in sales of electric bikes has been experienced in all countries here in Europe and the many interruptions were due to the pandemic), so there were potential buyers but no products to sell. The stocks are coming back to normal now and the next wave is expected before Christmas and early spring next year.

No, no single dependency (although some products sell much better than others)

Google Ads

Google Shopping Ads Google my business Blogs Improvement of SEO and organic search Advertisement of partnering sites (Google smart campaigns)

Can be discussed on further stages

No

No

Content of the website was written by a professional copywriter Blogs have been written by blog writers Products information is provided by suppliers

Can be, subscribers list (website visitors who have subscribed to our newsletter in order to receive updates, promos etc.

Yes, You require somebody to run the shop, deal with customers and suppliers, accountants and all business-related queries.

I work alone and occasionally hire freelancers, I also have an accounting firm doing my bookkeeping, VAT and other finance relates tasks.

Business focus, interest in learning about the products being sold and the industry as a general as well as motivation to drive this business forward and make is successful. You need time to invest into the business as well as additional cash and the sky is the limit with this growing industry.

I am told by my suppliers that there isn't another store offering what I offer, thanks to the very unique customer service and specific additional services we offer, however, there are growing numbers of competitors. Large online stores (big corporations) which also have physical stores and have been on the market for many many years are the biggest competitors. They often don't respect the suggested selling prices and give massive discounts which you cannot compete with, but their customer service, communication and support is non-existent so this is where you can come in. I have the competitor's list gathered during the research phase early in January and can share that with the new owner.

Unique customer service approach (specifics to be shared with the new owner)

Can be discussed

Can be agreed

Some suppliers do not yet want to sell outside of UK, so this needs to be discussed & agreed

Do a little research on the potential growth of electric bikes industry, they are business reports and financial predictions available to be purchased. Trends and interests are constantly changing but so do the products and technology offered. It is a truly inspiring industry to be part of.