Listing ID: 82739

Business Overview

This thriving business in the beautiful Lake of the Ozark region, offers year round sales, service, customizing, and Golf Cart rental.

Real Estate is located on main highway with a 30’x50’ metal building, which houses office space, as well as 2 service bays. There is ample highway frontage to display carts available for sales and rental.

The Lake of the Ozarks is Missouri’s largest recreational lake offering year round living, recreation and fun!

Financial

  • Asking Price: $279,000
  • Cash Flow: $67,421
  • Gross Revenue: $144,854
  • EBITDA: N/A
  • FF&E: $23,200
  • Inventory: $40,000
  • Inventory Included: N/A
  • Established: 2003

Detailed Information

  • 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
Purpose For Selling:

Retirement

Pros and Cons:

There are two additional golf cart dealers within the county.

Opportunities and Growth:

Gross revenues have consistently increased over the past 4 years. There was a 33% increase in gross revenue from 2020- 2021.

Additional Info

The business was founded in 2003, making the business 19 years old.
The sale doesn't include inventory valued at $40,000*, which ins't included in the listing price.

The business has 3 employees and resides in a building with approx. square footage of N/A sq ft.

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell companies. Nonetheless, the genuine factor vs the one they say to you might be 2 totally different things. For instance, they might say "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might just be reasons to try to hide the reality of changing demographics, increased competitors, current reduction in profits, or an array of various other factors. This is why it is very vital that you not rely entirely on a seller's word, yet rather, make use of the seller's response combined with your total due diligence. This will paint a much more sensible picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses take out loans so as to cover things such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that earnings margins are too tight. Lots of organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business might have existing agreements with suppliers that have to be fulfilled or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area attract brand-new customers? Most times, companies have repeat consumers, which create the core of their everyday revenues. Specific factors such as new competitors sprouting up around the location, road construction, and employee turnover can impact repeat clients and also negatively affect future profits. One vital thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the better the opportunity to develop a returning client base. A last thought is the basic area demographics. Is the business located in a densely populated city, or is it located on the edge of town? How might the regional median home earnings effect future earnings potential?