Retail Golf Cart Business with 8 Locations
Off-MarketMultiple, SC
Retail Golf Cart Sales
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$14,000,000
$3,780,000
27.0%
2009
30+ Days
Customers
The company operates a vertically integrated model including new and used cart sales, service, accessories, refurbished inventory, and a manufacturing arm. They primarily sell to locals that visit retail locations but make some sales across the United States.
Customer Acquisition
The company spends approximately $7,000–$8,000 per month on Facebook advertising and approximately $5,000 per month on Google AdWords.
Team
The business employs 37 total employees across all eight locations. Each store operates with store managers, mechanics, and drivers to maintain turnkey operations.
Owner's Role
Four equal partners who are actively involved in operations: one handles accounting and bookkeeping as a CPA, one manages the warehouse and manufacturing, one supports store sales, and one runs another business in their portfolio.
Reason for Selling
One of the owner's wives has health issues, and all four owners are interested in selling the business.
Contracts
No
Real Estate
Owns three of the eight properties and leases the other five locations. The business operates a warehouse facility where overseas golf carts are received, assembled under their proprietary brand, and distributed to retail locations. They are open to selling or leasing the three owned locations.
When Are You Looking to Sell
3-6 months
Licenses Required
No
Additional Notes
New golf carts represent the majority of revenue, with accessories accounting for approximately 5–10% and services making up the remainder. The business is increasingly focusing on used and refurbished inventory as new cart prices rise and customer demand shifts.
Business ID: 1786
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