Listing ID: 74950
This unique business is situated with a 3,000 sq ft showroom, and 10,000 sq ft shop filled with thousands of dollars worth of inventory. This golf cart manufacturing business is a great opportunity for either first-time business owners looking for an established and thriving business or an expansion to an existing golf cart business looking to grow in the West Valley. They are a well-known and respected business within the community, holding contracts with local schools, the air force base, and spring training facilities that contribute to their growing revenue year after year. Offering sales, repair, and rental services they are your one-stop shop when it comes to golf carts. Their optimal location in a growing area near golf resorts and major highways like the 303, gives them great marketing exposure. This business is poised for growth in an expanding area with room for more opportunities within the business.
- Asking Price: $800,000
- Cash Flow: N/A
- Gross Revenue: $944,632
- EBITDA: $190,115
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2002
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
3 stand-alone buildings - including a 3,000 sq foot showroom and a 10,000 sq ft shop. The current showroom has a full kitchen, office, bathroom, and multiple rooms available for additional offices. The shop has an abundance of open space for storage or additional inventory.
The owner will ensure a smooth transition and stay on for any desired amount of time.
Well-known and established business with contracts with local schools, air force base, and spring training facilities. Located within 2 miles from golf resort communities.
Lots of room for growth by hiring additional staff, marketing exposure, and adding/maintaining additional services.
The business was started in 2002, making the business 20 years old.
The company has 3 employees and is located in a building with approx. square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people decide to sell companies. Nevertheless, the genuine factor and the one they say to you may be 2 completely different things. For instance, they may say "I have too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. But also, for some, these might simply be justifications to try to hide the reality of altering demographics, increased competition, recent reduction in profits, or a variety of other reasons. This is why it is really vital that you not count completely on a seller's word, yet instead, make use of the seller's response along with your total due diligence. This will repaint a more practical image of the business's present circumstance.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses take out loans in order to cover items such as inventory, payroll, accounts payable, so on and so forth. Remember that in some cases this can indicate that revenue margins are too tight. Lots of businesses fall under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that should be satisfied or might lead to charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the area bring in brand-new consumers? Most times, operating businesses have repeat clients, which develop the core of their everyday earnings. Certain variables such as brand-new competition growing up around the location, roadway construction, and also employee turnover can influence repeat consumers and also adversely impact future earnings. One vital thing to consider is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the chance to develop a returning customer base. A final idea is the basic location demographics. Is the business located in a densely inhabited city, or is it located on the edge of town? How might the neighborhood mean household earnings impact future revenue potential?