Drift Trike Businesses

Penrose, CO (Fremont County)

Drift Trike Businesses
Contact Seller

Asking Price: $69,000

Cash Flow: $40,000

Gross Revenue: $100,000

EBITDA: N/A

FF&E: N/A

Inventory: $49,000

Established: 2012

Drift Trike Businesses

Save Print Share Valuation Report

Business Description

Lets make a deal

ways to sell. i keep inventory and drop ship everything as you sell it. or can sell it with all the inventory for the price listed, I will be dropping the price tell this sells.

Almost every kid at a young age experienced what it was like to slide around on big wheel. With an unlimited number of smiles and laughs there is always that point in time when the hills get bigger, the speeds increase, and now big wheels need to be upgraded to handle this... This is exactly why we have created the first drift trike company in the United States that accommodates the smiles, laughs, and rush that you had when you were a kid.

With extreme sports growing all over the world, daily. Drift trikes are the ultimate rush, combining BMX, longboards, snowboarding, street luge, and even go karts. From down hill drift triking where you are taking corners at 15-45+ mph to the skatepark doing jumps and tricks. This sport is the ultimate downhill mecca.

Evolution:
Just like all newer sports, it can take years to get recognition and respect to the other peer sports. Drift trikes is now a world wide accepted and known sport. Gaining recognition from RedBull Energy Drinks to Huffy Bicycles re-producing an upgraded adult big wheel with the help of our design, marketing strategies, and media coverage. Flatout Drift Trikes has paved the path along with its sister company ModernLine Drift Trikes to make this sport what it is today.

Reason for posting:
At this point we have exhausted all resources to get a business loan large enough to accommodate overseas production, overseas distributing, to lower costs and raise percentages for our vendors. We met with Huffy Bicycles in person and were told that the way marketing and social media presence looked so large that they jumped into this with two feet only to find that their margins were not being met for a multimillion dollar corporation fast enough. Huffy has backed out of the drift trike market and left a large hole that is waiting to be filled. We learned a lot from them and found flaws with almost every way they went about business in the drift trike field.

Filling the Huffy market hole:
-Overseas production
-Distribution worldwide to bike shops, stores, etc...
-Social media presence
-Engineering attractive product for consumers

Huffy Product:
Huffy product was inexpensive to purchase and consumers tended to like that. Inexpensive items that they were able to slowly put money into with upgrades. Not often did someone purchase a $1500 trike but very often would they spend $1500 within two months. We found these type of analytics and information very important to us.

Detailed Information

Inventory:
Included in asking price
Employees:
1
Facilities:
Machinery equipment to make the in house production of ModernLine and Flatout drift trike frames, and 40' shipping container full of merchandise for easy transport to new facility. This operation was recently relocated in this fashion. (Home Based)
Competition:
comes with 2 of the biggest FB Group pages in the world, also many FB like pages with over 160k likes in all of them has 2 IG accounts with 22k and 28k
Growth & Expansion:
There is a lot of room for growth as we see growth everyday being connected to social media and the world. This sport will be in the XGames soon. Nitro Circus has had a positive impact with the sport doing their stunts on TV. With having our own products inventory being made in house, materials and labor are costly and difficult to keep the prices low enough to compete with other product on the market. We get constant phones calls trying to get our product in retail bike shops but our margins are too small at this point without overseas production.
Support & Training:
Social media, Google Ad-words, construction of drift trike frames if not made overseas. Very simple operation.
Reason for Selling:
lost paypal with scams, burned out,
Home-Based:
This business is Home-Based
Business Website:
http://flatoutdrifttrikes.com
Contact Seller

Contact the Seller

Contact Seller Loading

Business Listed By:
andy barrow

Show Phone Number

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1603151 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings