Profitable Electric Bike Rental Company

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 
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