Boulder’s Electric Cruiser Bike Tour Company

Price: $115,000

Location: Boulder, Colorado

Industry: Outdoor

Listing ID: 471754

Listing Description

2-Yr.Old Company an Instant Hit for Corporate Retreats & Tourists!

This unique tour company provides guided electric cruiser bike tours to business groups and tourists along Boulder County’s many miles of bike trails. The business  offers a great opportunity for an acquirer to earn an income by working as little as ten hours weekly in a job that is truly fun! There are also many ways that the business can grow.

The founder started the company in the Spring of 2017. He is the only “employee” of the business, although he regularly uses volunteer independent contractors to serve as “anchor guides” for trips. The business is a “business in a box” because it uses a branded box truck that is a storage and charging facility for its 15-bike fleet of specialty pedal-assisted bikes. Tours are booked online using a booking service. Marketing is almost completely through various social networks.

Over 50 Five-Star reviews on TripAdvisor.com can’t be wrong! People who try it love it! Employees on corporate team-building outings (common in Boulder) are the ideal customers. Tourists also find the business easily.

Listing Details

Down Payment: $45,000

Total Sales: $55,000

Cash Flow: $48,000

FFE: $35,000 (Included in Price)

Reason For Sale:

Seller has health reasons for selling that will be fully explained to buyer prospects.

Training & Support:

Seller will be available to train and assist new owner as needed.

Operation

Year Established: 2017

Location

Facilities Information:

Business uses box truck for all storage and on-the-scene support. (Home Based)

Summary

Competition:

There are few local “competitors” and this firm’s branding has been excellent. If a new owner added another fleet of bikes within the next year or two, that would probably keep far enough ahead of would-be competitors to discourage any new entries into the field in Boulder. This bike doesn’t not appeal to traditional bikers at all, so it does not draw any competition from all the other bicycling tours and events in Boulder. This type of “electric cruiser” pedal-assisted bike is strictly for those who are interested in a relaxed tour of site-seeing, not a physical workout.

Potential Growth:

The business has grown very fast in just its first two years. Future growth is probably far from leveling out. If it does level out, this concept is one that can be repeated elsewhere, especially by an experienced operator. The business uses a unique type of imported bicycle that has a long lead time for ordering. Expansion will take some pre-planning because of this, but that also means that a competitor cannot start without the same type of pre-planning. That makes the barrier to entry here a bit steeper than one would otherwise think. There are also other types of “tours” that this company could expand into in Boulder.

Financing/Terms:

$70,000, 6%, 7 Years