MergerPlace

Profitable Golf Cart & Utility Business

Los Angeles, California (Los Angeles)


  • Asking Price: $750,000
  • Gross Income: $1,809,453
  • Cash Flow: $337,364
  • Real Estate: $5,000
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #213799
  • Established: 2002
  • Employees: 6

Business Description

Highly Profitable Golf Cart and Industrial Vehicle Business for sale in North Los Angeles County specializing in sales, service and rentals. In business for over 15 years, 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 utility vehicles that are both gas and electric. Services included:

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

Purchase price includes a large inventory of Tangible Assets including:

• Inventory of large trucks and trailers used in the business
• Inventory of New/Used Golf Carts/Utility Vehicles for Sale
• Inventory of Golf Carts/Utility Vehicles for Rent – Rental Fleet
• Inventory of “Reconditioned” Golf Carts/Utility Vehicles for sale
• Inventory of parts of approximately $110,000+/- 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 for several years 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.


Business Details

Primary Business Category: Rental & Leasing Services
Location: California
Metropolitan Area: Los Angeles
County: Los Angeles

Company Information

Year Established: 2002
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 6

Financial Information

Asking Price: $750,000
Gross Revenue: $1,809,453
Cash Flow: $337,364
Real Estate: $5,000
Seller Financing Available: Yes

Property Information

Facilities:

Large 37,000+ sf yard with multiple buildings Multiple buildings with unknown square footage $5000/month Total - lease expires in 2021 landlord will cooperate with buyer on a new lease or options

Growth & expansion opportunities:

Seller to discuss

Competition:

Seller to discuss

Reason for selling:

Retiring

Support & Training:

Seller will provide training at no cost to qualified buyer.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Matt Coletta

Certified Business Broker