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Electric & urban cycling retailer

Reference
S7316
Turnover
£2m to £5m
Sector(s)
Leisure, Retail & wholesale
Region(s)
London, UK Wide
Added
11 November 2020

Business description

Velorution operates 4 stores (Great Portland Street, Islington, Hackney and Chelsea) and 2 e-commerce sites (Velorution.com and AlwaysRiding.com), as well as opportunistic store-in-store concessions with on-brand partners, such as Selfridges and Lululemon. For this financial year (ending Jan 2021), the business is forecast to deliver £4.2m in revenue (110% YoY growth) and £629k of EBITDA.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2019 (Actual) 1,718 -203
2020 (Actual) 2,013 -230
2021 (Actual) 4,223 629
2022 (Actual) 5,131 433
2023 (Actual) 6,447 501

110% Year-on-Year Revenue Growth

Full Financial Model available to interested parties

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