Personal Electric Vehicle (PEV) Company For Sale - MAKE AN OFFER!

Houston, TX
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Asking Price:$349,000
BUSINESS DESCRIPTION

Personal Electric Vehicle (PEV) Company For Sale, MAKE AN OFFER!

Here’s your chance to be involved in the growing electric vehicle market. The owner will consider strategic buyers looking to purchase the company.

This company produces a unique electric, 3-wheel micro-mobility vehicle sold throughout the USA and with distribution in Australia, New Zealand, Canada, and Sweden.

With a known trade name, a patent for a commercial use version, and a history of good customer service, this company is ready to take the next step within this growing market.

The small electric low speed micro-mobility vehicle market is expected to be $7.5 billion by 2025. North America is expected to account for the highest share of this market. With governments around the world limiting the use of gas vehicles, the EV micro market is poised for profitable growth.

The product line consists of a two 3-wheel, battery powered trikes that differ in motors and features along with related accessories. Accessories include seats, covers, and an attachable wagon. The trikes are sold strictly for adult ridership. These are not children’s toys.

This branded product has a good history and is ready on day one for new ownership. This product is not only sold within the retail and distributor markets, but opportunities exist within the business promotional market. New designs have just started to hit the market and one patented design is ready to be developed.

Sales both in revenue and sales unit volume have nearly doubled since last year. As distribution in Australia and New Zealand has just started, along with discussions with potential dealers and company advertising budgets increasing, sales for 2023 are expected to grow again by large percentages.

With Covid-19 an ongoing threat, the desire for single-rider vehicles will only increase. This is the perfect time to purchase a company that is not only on a growth path, but also produces a product that brings smiles to customers and increasing, sales for 2023 are expected to grow again by large percentages.

The Seller has listed this business to be sold through an asset transaction vehicle and not through a securities transaction vehicle. This is not an offer to sell securities. This is not a solicitation to sell securities.

Listing Liberty Exchange and Jim Goldman Consulting, Inc. For more information email Jim Goldman.


DETAILED INFORMATION
Location
Houston, TX
Inventory
Not Included in asking price
Facilities
Company currently leases a 5000 square foot warehouse in the low cost, pro-business state of Texas. Professional factories are in place along with skilled employees in the USA.
Competition
Very few competitors in the USA
Growth & Expansion
A web site with shopping features is in use, but very little has been spent on marketing or internet advertising. Thus, giving the company an opportunity to expand its brand awareness can be developed in the second phase. Opportunities also exist for product diversification. New avenues of marketing both traditional and through social media will bring dividends.
Support & Training
Seller will remain for a reasonable transition period.
Reason for Selling
Retirement
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Jimmy Goldman
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Jimmy Goldman