Listing ID: 79410
Reason for Sale: Retirement- Long Established Golf Car Business. Established since 1980 selling, servicing, exporting Golf Cars & Parts. Seller is an authorized distributor for Yamaha & Alpha golf cars. Buyer will need to qualify for all Dealerships & Floor Plan credit line of $350k. Top domain name included in the sale. 50% of the sales is exclusively export. 4200 sq ft facility with yard. $700k Building is included. Property & showroom can hold 100 Golf Cars. Seller has Auto Dealers license to sell street legal golf cars. Excellent community to work in. Video Tour available in the executive summary. Extended hours & weekends optional. Simple hours 9:30-4pm Monday-Friday. May be Visa Qualified. Owner Benefit $95k for a working owner.
- Asking Price: $1,000,000
- Cash Flow: $95,450
- Gross Revenue: $473,484
- EBITDA: N/A
- FF&E: $110,000
- Inventory: $40,000
- Inventory Included: Yes
- Established: 1980
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:4,200
- Lot Size:N/A
- Total Number of Employees:3
- Furniture, Fixtures and Equipment:N/A
4200 Sq ft warehouse- Real Estate is included, valued at $700,000.
Will train for 4 weeks @ $0 cost.
The venture was established in 1980, making the business 42 years old.
The deal does include inventory valued at $40,000, which is included in the listing price.
The business has 3 PT employees and resides in a building with estimated square footage of 4,200 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell operating businesses. However, the real factor vs the one they say to you may be 2 totally different things. For instance, they may say "I have a lot of other obligations" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may simply be excuses to attempt to hide the reality of altering demographics, increased competition, current reduction in earnings, or an array of various other factors. This is why it is really essential that you not count entirely on a seller's word, but rather, use the seller's response along with your general due diligence. This will paint a much more sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Many companies finance loans so as to cover things like supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can mean that revenue margins are too small. Numerous organisations fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that have to be satisfied or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in brand-new clients? Most times, companies have repeat customers, which form the core of their day-to-day profits. Particular factors such as new competition sprouting up around the location, roadway construction, and also staff turn over can impact repeat clients and negatively impact future incomes. One essential thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the greater the chance to build a returning customer base. A last thought is the general area demographics. Is the business placed in a largely inhabited city, or is it situated on the outside border of town? Exactly how might the local average home earnings impact future earnings potential?