Completed sale
Well Necessities Retail & E-commerce Business Acquisition by Earth Cycles
Well Necessities Ltd (Well Necessities), is a UK based fitness, cycle and electronic products wholesaler specialists.
The business was established in 2011 and provides electronic bikes and bike conversion kits. Over the years Well Necessities has established an enviable foothold within the online cycling sales market, proving particularly popular with the mature cyclists and commuters alike. The business has achieved increasing turnover and gross profit margins with further growth potential.
The shareholders instructed Knightsbridge with the sale of their business in order to facilitate further growth of the business.
Well Necessities attracted significant interest with the successful offer coming from Earth Cycles. The acquisition will act as a bolt-on to the existing business.
The deal was overseen my Leanne Boulding, Knightsbridge Operations Director.