Golf Cart Sales and Rental Business for Sale
April 12, 2024/Last Updated April 12, 2024
Asking Price:$1,300,000
Cash Flow:$350,000
Gross Revenue:$1,975,000
FF&E:$425,000
Inventory:$25,000*
Established:2013
*not included in asking price.
Business Description
This hot business is GROWING! Tons of potential still untapped, now is the time for a new owner to continue the rapid expansion. The business generates revenue from 4 parts of the business; golf cart sales, daily rentals in Southport, weekly rentals from vacation homes, and repairs and maintenance. The company is also one of the few in the region that can take a golf course golf cart and make them street legal, which is currently a big part of their sales business. Their rental golf carts are also fully owned by the company with no debt or leases on these. Evolution EV Golf Carts is a new line that was approved in the fall of 2023 and is expected to be a top seller, increasing profitability for 2024. Other new things they have added are; changing out standard batteries to lithium batteries, renting motorized beach wheelchairs for handicap beach access, and they have added a new line to their sales department with Evolution Golf. All of these have the potential to add quite a bit of profit to next year’s numbers.
Detailed Information
- Location:
- Brunswick County, NC
- Inventory:
- Not included in asking price
- Furniture, Fixtures, & Equipment (FF&E):
- Included in asking price
- Competition:
- The company is also one of the few in the region that can take a golf course golf cart and make them street legal, which is currently a big part of their sales business.
- Growth & Expansion:
- This hot business is GROWING! Tons of potential still untapped, now is the time for a new owner to continue the rapid expansion. The business generates revenue from 4 parts of the business; golf cart sales, daily rentals in Southport, weekly rentals from vacation homes, and repairs and maintenance.