Services - Amusement & Recreation | Retail - Miscellaneous Retail

$Seller Financing Available

Asking Price	$1,240,000	Inventory	$483,000**
Gross Income	$2,100,000	Real Estate	$496,850*
Cash Flow	$242,336	Year Established	1982
FF&E	$145,082*	Employees	6ft / 3pt

* included in the asking price

** not included in the asking price

Golf Cart Dealership located in the nation s oldest golf vacation destination Pinehurst, North Carolina. Carolina Carriage is the exclusive dealer of Club Car and Yamaha Golf Carts to the Sandhills Area. Impeccable financials tell the story of this solidly run business enterprise generating four recurring revenue streams (1) Sale of New, Used, & Remanufactured Golf Carts (2) Cart Rentals to established events market (3) Sale of Golf Cart Parts & Accessories (4) Maintenance & Servicing of Private Carts & Club/Resort Fleets with onsite repair and includes daily pick up and delivery service within 50 miles. Carolina Carriage is also the exclusive dealer of the Club Car Golf carts to a 11 County Territory, Club Car XRT Utility Line of Carts and the new Yamaha Adventurer Utility Cart. Twenty Five year old dealership located in Pinehurst, an area ranked as the world s top golf resort by Travel + Leisure Golf, and the No. 2 US Golf town by Golf Digest. Not only is this a fun business to operate but a solid financial performer as well. FY 2008 revenue was over $2,000,000 with an excess of $240,000 in SDCF (Sellers Discretionary Cash Flow). Carolina Carriage began in 1982 as an exclusive Yamaha dealership and added the Club Car line in 2007. Carolina Carriage is the largest golf cart dealer in the greater Pinehurst area in terms of sales, rentals, and maintenance work. Impressive year over year results have created a powerhouse dealership that is recognized by industry veterans across the state. With the retirement of the owner an opportunity has been created for a talented business person to take ownership of this enterprise. This is a turn-key business that comes with a team of talented and experienced employees committed to growing the business.

Facilities: Real Estate being sold with Business. 3 Buildings and Fenced storage yard on 1.3 Acres in Prime Location that is well known throughout the community. Retail showroom with brand new building housing maintenance/service area.

Competition: Carolina Carriage is the exclusive dealer of Club Car & Yamaha Golf Carts to the greater Pinehurst area (aka The Sandhills). There is only one other dealer in the local market and they represent the E-Z-GO Brand. Carolina Carriage is also the sole dealership representing the Club Car industrial line of carts XRT Series. Carolina Carriage has the largest rental fleet in the area. Carolina Carriage is the only dealership that has agreements to maintain and provide warranty service to a variety of the Club/Resort Golf Cart Fleets.

Growth/Expansion: Pinehurst is known around the world as Home of American Golf and this reputation for world class golf coupled with the areas mild climate, low cost of living, cultural activities, and proximity to both the coast and mountains, in addition to Charlotte & Raleigh have been the catalyst for major growth plans. 2 major developers have new golf resort communities under development adding ~2,500 additional homes. The business fundamentals for Carolina Carriage, while extremely strong, are poised for growth. Specifics to be shared w/qualified buyer.

Seller Financing Available: Yes

Financing: Owner is willing to extend an appropriate level of owner financing. T&C s will b

Support/Training: This is a turn-key enterprise that is comprised of an extremely talented, hard working, and intelligent team of people. The new owner will receive comprehensive transition assistance from the current owner. In addition, the current owner is willing to stay on with the business for up to 12 months as a consultant.

Reason Selling: Retirement. Current owner is 71 years old and wants to play more golf.