Golf Cart Sales and Service with Revenues in Excess of $3M

Listing Number: 76931-812209

Description

A mainstay within the Houston market area, this company offers much more than Golf Carts and Services.....they provide an experience! Customers can choose the body style, powertrain, lifted or non-lifted, windshield type, color, and a multitude of options for a custom-built ride. If having a custom dream cart is not a desire, the company maintains a large inventory that will surely meet the needs of any active customer.

Similar to the automotive industry, the golf cart world has evolved toward long-lasting, efficient, and eco-friendly solutions. This local firm is at the forefront with offerings that provide enhanced comfort and technologically advanced features.

Established in 2009, the original owner started the business as a "hobby". The current owner purchased the company in 2017 and transformed it into a 1st Class Shop providing an assortment of golf cart options and an impeccable service center. With limited advertising, this firm has grown from a revenue base of $1.2 million in 2017 to over $3 million this past year. Customer service and a desire to exceed expectations allows the business to enjoy repeat business while capitalizing on the many referrals from satisfied customers. The multitude of 5-star Google reviews proves it!!

Owner's Earnings over the last 3 years have averaged approximately $700K with 2022 producing a level of over $800K. The business is available for owner financing with the right buyer and owner is also willing to stay on for a period of time to ensure a smooth transition. The asking price of $1.8M also includes $300K of inventory.

The business operates from a showroom and includes offices, a service shop, and ample storage space.

Listing Details

• Price: $ 1,800,000
• Down Payment: $1,800,000
• Sellers Discretionary Earnings: $ 800,000
• Total Sales: $ 3,000,000
• Location: Harris County, Texas


• Inventory: $ 300,000
• FF&E: $ 50,000
• Employees: 5
• Reason for Selling: Retirement
• Category: Sports Related Biz