9-Year-Old Established eCommerce Business for Racing Bike Parts
TTM Gross Income: $ 1,458,157
TTM Net Income: $ 251,496
Asking Price: $500,000
This business is a nearly 9-year-old online marketplace for Japanese sport/racing bikes, cruisers, and V-Twin Harley Davidson enthusiasts based out of Brighton, Michigan. The company has a customer mailing list of 33,000 and an active list of 604 dealers who refer clients looking to overhaul wrecked and/or older bikes.
Core products are ready-made, pre-drilled, full-body fairing kits that the customer orders and receives at their door — also known as “plug ‘n play.” Other motorbike accessories are available as well, from brakes and windscreens to decals and graphic kits.
The website features nearly 40,000 active SKUs and is a 100 percent drop-ship solution. All orders are via various methods including portals and emails. Once an order is received, the vendor ships materials to the end consumer.
The sky is the limit as far as growth is concerned with this company. The operator has the ability to upload and add as many products as they like. Adding vendors is stress-free because of this businesses’ stellar reputation throughout the industry; many vendors are eager to get their products online. An infinite amount of product can be added which creates more sales opportunities with new vendors and product categories. Currently, NiceCycle.com has only listed about 15-20 percent of available products within multiple vendor catalogs, due to time constraints.
What sets this business apart from other motorbike eCommerce businesses is that they have been active in the motorcycle parts and accessories business for almost 9 years, and have developed important relationships with Chinese manufacturers. As such, it is one of the original companies to sell motorcycle bodywork and full fairing kits for sport bikes online at competitive prices.
The owner has traveled often to visit manufacturers in China to maintain a good working relationship with his vendors and sustain payment terms that are comfortable for both parties.
Another unique factor about this business is that it can be run by one individual and as such, overhead is extremely low. There is no inventory to hold, and each order is submitted to its respective vendor; fulfillment occurs immediately upon receipt of the order, then it is shipped directly to the consumer.
Over time, their reputation has grown regarding quality product and excellent customer service. A company like this doesn’t come around very often. It is a great opportunity for someone looking to get into the eCommerce business for motorbike fairings and accessories.