Sun And Fun E-Bikes

 Sun And Fun E-Bikes is a mobile E-Bike Rental delivery service located in St Augustine, FL.  We are a Sunshine Economic Development  / SBA funded company with a fleet of 32 E-bikes and an awesome delivery truck. While our business is new, it has been very well received and we have quickly been able to gain a considerable amount of the market share in the St Augustine and surrounding area E-Bike rental market. Our current business model of not having a physical location is leaving us out of a lot of growth opportunities within the market so it is now time for us to take the next step and go brick and mortar with a showroom to capitalize on E-Bike retail sales, service and impulse renters who will see our new well placed, super visible storefront located on heavily travelled historic A1A right off the beach.  The E-Bike rental, retail sales and service market is very profitable and expected to grow to 10.1 billion dollars by 2027, see market information below.

The funds will be used as reserves for lease payments for year 1 ($24,000) while we establish the business at the new location, the additional capital will be used to fit out the retail space with E-Bike Inventory, parts, accessories, swag, etc... The space will be fit out to give customers a high end retail rental and buying experience in the E-Bike market. Most E-Bike retailers are just another bike shop. We will provide a personalized E-Bike experience as the showroom will have a modern sleek feel similar to a high end auto dealer with E-Bikes on stands and displays with modern lighting, an interactive buying experience where customers can build there own bike by picking parts, colors, etc... and watching it come together on a big screen TV before they make their purchase. We also plan to add E-trikes to our inventory as the E-Trike market is virtually untapped in St Augustine and surrounding areas.

Desirable payback term is 3 years at (x%) annually. Investor would receive 1st annual interest payment at funding.  We would then like a structure of where a percentage  of retail sales would go towards paying the interest due for year 2, once the annual interest payment for year 2  has been reached all additional revenue from the agreed percentage of sales would be applied to reduce principal until year 3 interest payment was due. Year 3 interest payment would be based on principal balance at beginning of year 3.  The better we do the faster the investment would be paid back so we would like no prepayment penalties.  Funds can be secured by our existing fleet of E-Bikes and new inventory to be purchased. We are open and willing to discuss all funding options available.  Thank you for your interest.

MARKET INFORMATION
The North American E-Bike market was valued at USD $0.80 billion in 2021, and it is expected to reach USD $1.62 billion by 2027, hitting a CAGR of 12.51% during the forecast period 2022- 2027. (1)

 

The total spending in bike-sharing industry for "short travels" hit an estimated $200 million in the US for 2021. Globally the industry is growing at a rate of 7%-10%. The fastest-growing market for this industry is the North America region at a

CAGR of 20%. (2) With Asia Pacific holding the largest market.

E-bike renting, and sharing is quickly becoming competition for UBER especially regarding "short travels" that has completed 5 billion rides in the U.S. in 2022 so far. Short travels have mainly

fueled the growth of the bike-sharing industry along with raising disposable income, healthy lifestyle, and climate change. All of the above, support demand for industry products and services.

The global bike and scooter rental market was projected to grow from USD $2.5 billion in 2019 to reach USD $10.1 billion by 2027, at a CAGR of 18.9%. There is an increasing demand for scooters and E-Bikes as new infrastructure policies to reduce congestion are set in place and the promotion of bike and scooter rentals pop up in booming tourist locations.

The US Bike-Sharing Market Highlights:

·        Revenue in the Bike-sharing segment is projected to reach USD $298.40m in 2022

·        Revenue is expected to show an annual growth rate (CAGR 2022-2026) of 2.97%, resulting in a projected market volume of US$335.50m by 2026.

·        In the Bike-sharing segment, the number of users is expected to amount to 4.6m users by 2026.

·        User penetration is 1.2% in 2022 and is expected to hit 1.3% by 2026.

·        The average revenue per user (ARPU) is expected to amount to USD $72.03.

·        In the Bike-sharing segment, 96% of total revenue will be generated through online sales by 2026.

·        In global comparison, most revenue will be generated in China (USD $4,978.00m in 2022).