Profitable Golf Cart & Utility Vehicle Business – Sales, Service, Rent

Los Angeles County, CA

Seller Financing Available
Profitable Golf Cart & Utility Vehicle Business – Sales, Service, Rental
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Asking Price: $750,000

Cash Flow: $337,364

Gross Revenue: $1,809,453

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $5,000 /Month

Established: 2002

Profitable Golf Cart & Utility Vehicle Business – Sales, Service, Rent

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Business Description

Profitable Golf Cart & Utility Vehicle Business – Sales, Service, Rent

Highly Profitable Golf Cart and Industrial Vehicle Business for sale in North Los Angeles County specializing in sales, service and rentals. Established in 2002, an easy to operate business with consistent revenue and cash flow as well as trained employees in place. The business operates from a large 37,000sf + yard with multiple buildings including offices, garages and more at $5000/mo. Lease expires in 2021 and landlord will cooperate with buyer on a new lease or additional options.

Company has developed a strong word of mouth referral business and has a loyal customer base with a wide range of customers including entertainment companies, universities, schools, hospitals, large corporate facilities, charity events and more. The company is an authorized dealer and specializes in golf carts and industrial vehicles that are both gas and electric. Services included:

• Sale of new golf carts and industrial vehicles
• Sale of used golf carts and industrial vehicles
• Rental of golf carts and industrial vehicles
• Service of golf carts and industrial vehicles
• Customization of golf carts and industrial vehicles
• Sale of parts for golf carts and industrial vehicles

Purchase price includes a large inventory of Tangle Assets including:

• Inventory of large trucks and trailers used in the business
• Inventory of New/Used Golf Carts/Industrial Vehicles for Sale
• Inventory of Golf Carts/Industrial Vehicles for Rent
• Inventory of “Reconditioned” Golf Carts/Industrial Vehicles for sale
• Inventory of parts of approximately $131,000+/- at cost

Trained employees in place including a General Manager who runs the business as the owner is “quasi absentee” and not actively involved. General Manager is open to staying on and will discuss this further. Consistent earnings history with year after year growth. Excellent books and records including tax returns. Several opportunities for growth. Current owner does very little marketing. SBA finance may be available for a qualified buyer or Seller will consider seller finance with a minimum down payment of 50% for a qualified buyer. This is a great opportunity to purchase an established business with a large amount of assets included in the purchase price and potential for future growth.

Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button or email info@certifiedbizbroker.com to receive a confidentiality agreement and learn more about this opportunity.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
37,890
Lease Expiration:
N/A
Employees:
8
Facilities:
Large 37,890 sf yard with multiple buildings Multiple buildings with unknown square footage Landlord with cooperate with new lease or options
Competition:
Seller to discuss
Growth & Expansion:
Seller to discuss multiple growth opportunities
Financing:
Seller will consider seller finance for a qualified buyer with good credit and a sign
Support & Training:
Seller will provide training at no cost to qualified buyer.
Reason for Selling:
Retiring
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Contact the Seller

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Matt Coletta, CBB, CBI, M&AMI

Business Listed By:
Matt Coletta, CBI, CBB

M&A Business Advisors

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers. Merger and Acquisition Master Intermediary (M&AMI) is a professional certification awarded to Intermediaries who've achieve very stringent educational and professional requirements. M&AMI's agree to abide by an ethical code of conduct when working with business owners and buyers. Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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