Golf Cart Sales, Rental and Service - Custom Carts
Location: Texas > Tarrant County > Grapevine
Industry: Transportation > Other Transportation
Financials
Asking Price: $800,000
Gross Revenue: $845,000
Gross Revenue Comments: 2007
Cash Flow: $245,000
Cash Flow Comments: Seller Discrentionary
Inventory: $200,000 (Included in Asking Price)
FF&E: $500,000 (Included in Asking Price)
Real Estate: $1,200,000 (Not Included in Asking Price)
Seller Financing: 10% for right buyer
Business Summary
Established in 2000, the Company is primarily engaged in the business of Golf Car Sales, Rental and Service.
The Company fills a unique niche in the industry by not only supplying the standard needs for Golf Carts and Electric Utility Vehicles but also has a strong presence in the custom cart business. This is a niche that is difficult to find and the market continues to grow.
The Company has a stock of custom Golf Cars cut to look like 57 Chevys, Hummers, Caddies, MG Roadsters etc. They also customize by order, build raised vehicles for hunting and other off road applications. They also have an inventory of Carts and other utility vehicles for rent and a customized truck to deliver up to 12 carts to events such us golf tournaments, auto races at TMS and other sporting events. Finally the company provides parts and services.
The customer base consists of Auto Racing Teams, Country Clubs, Businesses, Special Event Companies and retail consumers.
The owners work in the business and have 4 employees that provide the customer service and service the carts. The only advertising is Yellow Pages and the Website. There is no direct competition in the DFW area for the custom carts and a limited number of dealers for the standard vehicles.
The sellers own the Real Estate and an adjacent lot both are available for purchase or lease outside of this transaction.
The Company fills a unique niche in the industry by not only supplying the standard needs for Golf Carts and Electric Utility Vehicles but also has a strong presence in the custom cart business. This is a niche that is difficult to find and the market continues to grow.
The Company has a stock of custom Golf Cars cut to look like 57 Chevys, Hummers, Caddies, MG Roadsters etc. They also customize by order, build raised vehicles for hunting and other off road applications. They also have an inventory of Carts and other utility vehicles for rent and a customized truck to deliver up to 12 carts to events such us golf tournaments, auto races at TMS and other sporting events. Finally the company provides parts and services.
The customer base consists of Auto Racing Teams, Country Clubs, Businesses, Special Event Companies and retail consumers.
The owners work in the business and have 4 employees that provide the customer service and service the carts. The only advertising is Yellow Pages and the Website. There is no direct competition in the DFW area for the custom carts and a limited number of dealers for the standard vehicles.
The sellers own the Real Estate and an adjacent lot both are available for purchase or lease outside of this transaction.
About the Business
Year Established: 2000
Employees: 4 full time -
Facilities: Showroom, Service shop and back lot to store rental fleet
Market Outlook and Competition: There are a few competitors that offer standard carts for sale and rental. There are no competitors in the immediate area however a few that sell and rent standard carts are located in the DFW area.
About the Sale
Management Training and Support: Seller will support buyer through a reasonable transition however they have other interest. Will support on a part time basis for a extended period under a part time consulting agreement
Reason For Selling: Other Business Interest
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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