Listing ID: 77208
Golf Car Sales and Servicing Business in Gold Country
Asking Price: 399,000 2020 Revenue $670K 2020 Adj. Cash Flow: $150K
Included in the asking Price: Inventory of $381,000 FF&E: (Included)
SBA loan possible for qualified buyer with good down payment
(Industry: Golf Car Sales & Repair): 5599-99-03, 7999-02-01, 5088-99-01
This Golf Car Sales and Servicing Business Was Established In 1991. Business has potential to generate over a Million dollars in sales. The business will make a good income for a person or an excellent income for a husband/wife team. They are the authorized dealer in their territory. In addition, they buy and sell used Golf Cars that they refurbish. Each sale usually involves customization with upgraded components. They also service all products they sell.
The business has three full time employees (including the owner). Owner handles Sales, Marketing, and customer interaction. Employees handle all the customization and repairs.
• An individual or a couple desiring to make the beautiful Gold Country their home
• Skills that are good to have are:
o Good People Skills
o Organization Skills
o Salesmanship (meaning, you are knowledgeable and are enthusiastic about the cars and are honest with customers, then cars will sell themselves)
o Good management skills
o Attention to detail
o A mechanical background and electrical understanding
If you are interested in getting out of the hectic lifestyle of big cities and want to run your own business, this opportunity is for you. Best of all you get to live in the serene Gold Country!
Busines is attractively priced at close to the value of current Inventory at cost.
If you are interested, please complete the confidentiality agreement and buyer profile from http://www.AcaciaGroupInc.com/nda.pdf and fax them to us at (408) 852-4358.
- Asking Price: $399,000
- Cash Flow: $150,000
- Gross Revenue: $670,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: $381,000
- Inventory Included: Yes
- Established: 2000
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:2,400
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
The company was started in 2000, making the business 22 years old.
The deal does include inventory valued at $381,000, which is included in the asking price.
The business has 3 employees and resides in a building with approx. square footage of 2,400 sq ft.
The real estate is leased by the business for $2,000 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals resolve to sell operating businesses. Nonetheless, the genuine factor and the one they say to you might be 2 completely different things. For instance, they may state "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these might just be reasons to attempt to hide the reality of altering demographics, increased competition, current decrease in incomes, or an array of other reasons. This is why it is very crucial that you not depend absolutely on a seller's word, but instead, use the seller's solution in conjunction with your total due diligence. This will repaint an extra reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies take out loans so as to cover items like inventory, payroll, accounts payable, etc. Remember that occasionally this can indicate that revenue margins are too small. Lots of organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with suppliers that should be met or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location draw in new customers? Often times, operating businesses have repeat customers, which form the core of their everyday profits. Specific factors such as new competition sprouting up around the location, roadway building and construction, as well as personnel turn over can influence repeat clients and also adversely impact future incomes. One crucial thing to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business often, the higher the opportunity to build a returning client base. A final thought is the general location demographics. Is the business placed in a largely populated city, or is it located on the edge of town? How might the local average house earnings impact future income potential?