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Bicycle Manufacturing Company Seeking Loan in Lower Austria, Austria

Company developing an air-pump product that is integrated directly into a bicycle.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Bicycle Manufacturing + 1 more
Locations  Lower Austria
Local Time 10:46 PM Europe / Vienna
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 1.6 million for 10.0% annual interest, 4 years (Native Currency: EUR 1,500,000)
Reason: We need the capital to start selling and marketing worldwide.
Collateral Available: USD 0
Interested to connect with advisors
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Business Name
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Documents
Business Overview

- We have developed a product for the bicycle market in which a new seat post with an integrated air pump is installed in the bicycle without having to carry a separate pump.

- The pump is located in the seat post, a saddlebag contains all the equipment needed to fill the bicycle tires with air.

- Air can be pumped up to 115 PSI and the spiral hose can be used to reach both the front and rear tires.

- The product can be attached to 80% of all bicycles.

- We have received first orders for products via Amazon and our own website, which we have already delivered. We also have discussions with bike manufacturers and bike dealers in Holland and in the EU.

- Our products are made in China, but currently our supplier cannot deliver due to the Corona virus situation.

- We have not yet generated sales because we have not yet received our product batches. We are in talks with our manufacturer to get our products soon so we can start selling.

- Patents granted for the EU, the USA and Canada. We want to expand our activities in the future to all these regions and worldwide.

- Promoter has been in research, development and design for 20 years and has been connected to the bicycle industry worldwide for 15 years.

Products & Services Overview

Bicycle air-pump fitting directly on a bike.

Assets Overview

Patents in the EU, USA and Canada.

Facilities Overview

Rented plot of 20,000 M Sq which has a building of 60x10x6 M.

Capitalization Overview
Not Disclosed
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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