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For Sale: Segway Dealer, Tour Provider - Los Angeles County


Current Status: Active     Posting #: 257431     Last Refreshed: 1/4/20    
Contact: Rick Carlson At 833-776-6682 X833  -  Also Email This Contact Below
Price:  $259,000     Down:  Call     Adjusted Net:  $79,000     Revenue:  $489,000    
Business Address:  None Given     City:  None Given     Zip:  90292    
Attributes:  Training & Support     Cooperation With Brokers?  No

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  Description About This Posting: Segway Dealer, Tour Provider
Successful Segway dealer and tour operator has been in business for more than 15 years. In addition to selling new and used Segway Personal Transporters, the Company provides product service, and daily guided tours and rentals from a high-profile retail location in Santa Monica. Its experienced staff and well-maintained fleet also run tours for larger groups (up to 50 riders at once) in locations throughout Southern California.

Online booking is available; as are parts and accessories for sale as an authorized Segway retailer.

This is not a franchise; no additional investment is required and there are no reoccurring fees of any kind. Buyer will need to apply to Segway's HQ to maintain approved dealer and service center status.

Buyer will submit an application to Segway's HQ to maintain approved dealer and service center status but this is not a franchise; there is no additional investment required or reoccurring franchise fees of any kind.

NDA required for release of detailed CIM. Thank you.

Detailed Information

Facilities: The 1,400 square foot retail space rents for $7,000 per month. It is located on the ground floor of a high-profile residential high-rise that bring lots of foot traffic and offers easy access to the beaches. The current lease expires in Sept. 2021 and has 5-year option at market rate. Seller spent $65,000 on improvements to the space that was formerly an art gallery.

Competition: Is not intense. Three similar providers are not approved dealers and/or they are not located within striking distance. Lime scooter rentals offer a different experience and tend to be used more for short-range, one-way transportation and are garnering a bad name thanks to user's carelessness after use. However, Segway's Ninebot scooter products will enable the company to remain directly competitive.

Growth & Expansion: There are many applications for the inventory that the Seller has not investigated. These include fleet sales, long term rentals and advertising applications. Actively and consistently marketing to local hotels and other tour companies is also recommended.

Financing: Cash preferred.

Support & Training: Seller will provide four weeks of training at 20 hours per week.

Reason for Selling: Seller is looking to invest in real-estate oriented opportunities.

To get more information about this Segway Dealer, Tour Provider business for sale in Los Angeles County please phone Rick Carlson (Agent - BRE License #:01820673) at 833-776-6682 X833 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #257431 on BizBen.com. In addition to phoning Rick Carlson, make sure you email Rick Carlson above to get more info about this Segway Dealer, Tour Provider, to ask any questions or request an appointment to see this business for sale. Thank you.

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