3 Electric Bike Shops, Futuristic BusinessListing: #OR00302
About this Business for sale in Pasig3 Electric Bike Shops, Futuristic Business
With the ever-changing gas prices and the seemingly never-ending traffic in the cities of Metro Manila, Filipinos are now looking into alternatives mostly for their daily commute. Moreover, global awareness campaigns have been launched by several environmental groups pushing for a safer environment that is why electronic bikes and tricycles are becoming the trend now.
This company offers affordable transport solutions for Filipino commuters by providing high quality electric vehicles such as bikes, tricycles and scooters. One of the owners design its own battery to make it more durable and efficient. They are also known for their top notch after-sales support as they believe that their excellent relationship with clients enable them to stay strong in this industry for four years.
Company sees huge potential for growth if there is more capital to maximize importation of products and parts as this would lower the cost of goods. Thus, owners are looking for buyer to make this potential happen.
Sale includes 3 store branches with inventory of approximately 2M as of March 2019. Combined sales for 2018 is at ₱9,833,296 and a possible increase in sales as owners hired skilled people to manage sales targets. Third branch is its first mall-based store that opened just this month of May.
Explore this opportunity by calling Princess now!
+63 2 7900 8000
+63 917 514 4535
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.