Golf Cart Sales and Rental Business for Sale

Rental

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.