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BUSINESS FOR SALE - PROFILE #  41871152

Golf Cart Dealer, new and used in resort area
Coastal Carolinas
Asking Price: $200,000   Down Payment: $200,000  
Gross Revenue: $654,000   Adj. Cash Flow*: $75,000  
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Executive Summary
Name brand Golf Cart dealership for sale in a beautiful coastal Carolina resort area, in a high traffic location. Prime location for sales is in a high profile area with a high traffic count and within a short drive of many resort style communities. Second location for service (they are one of few to service all brands) and ability to offer total custom services. They have developed a loyal customer base including 30 commercial contracts. There is plenty of room to grow this business and expand into more markets. Established in 2002, the business offers a selection of new and used golf carts. Annual unit sales of 130 carts, consistently improving each month after 2009 downturn, with 2011 showing 50 carts sold as of end of May, 2011.

Acquisition Highlights

  • Fun and profitable Golf Cart dealership in a beautiful coastal Carolina resort style setting. Name brand dealership with strong local following. Opened in 2002 in a high traffic location with good parking. Has a second location for repair, setup and customization. New and used sales are 85% of the business with 150 units annually sold.
  • Monday to Friday 10am to 5pm, Saturday from 10am to 3pm.
  • Absentee owner could rely on skills of current owner, who has expressed a desire to continue employment.
  • Area is very upscale with a combination of year-round and second home owners in gated and non-gated communities in golf and non golf communities. There are many resorts in the area that are currently untapped. Sales facility is clean and has good parking. Service facility is currently offsite.
  • Opened in 2002 and has been averaging 130-150 carts per year. (And that is not going after any fleet sales!) Known for fairness and able to help out the customer.
  • Training Information:  4 weeks
  • This business is not a franchise
  • This business can be relocated
Business Synopsis

Asset Information (estimated fair market value)
Established in: 2002 Inventory: $150,000
Employees: 4 FT, 2 PT , 1 Mgrs Furniture, Fixtures & Equipment: $40,000 Included
Lease/Rent: $2,100 Real Estate:
Building Sq Ft: 1500
    Total Assets Included in Sale: $50,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:
Contact:  Bruce Rockwell
Phone:  (843) 766-4000
Fax:  (843) 725-0196
E-mail:  info@vrcharlestonbiz.com 		VR Business Brokers - Charleston, SC
1403 Ashley River Road
Charleston, SC 29407
www.vrcharlestonbiz.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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