Golf Cart New & Used Sales, Service and Rentals business for saleThis golf cart sales, service, and rental company is the number one golf cart company in Southern Colorado. Their showroom and service center is located in one of the most beautiful cities in southern Colorado. They have a reputation for high integrity, honesty, and exceptional service. The service department performs maintenance, repairs, and tune-ups. Not only do they sell and repair carts but they rent and deliver them as well. Their inventory includes new and used carts as well as custom carts whether they be electric or gasoline powered. This business was started in 2009 and has continued to this present day with the same owner. Seventy percent of their business is from repeat customers which shows continued loyalty. Thirty percent of their business is service; twenty percent is rental; and fifty percent is sales. They are a dealer for EZ-GO and Cushman golf carts. A buyer will have to be financially approved for floor plan by EZ-GO and Cushman. Both are owned by the Textron Corporation. This local company services most all brands of golf carts.
Sales have continued to increase for several years. In fact, sales for the first quarter is up 50% over the same period last year and seller’s earnings are up over 500% during the same period last year.
This company has a regional marketing and service area. Their area extends into Kansas and New Mexico as well as the state of Colorado. Colorado is experiencing a substantial growth in population. More people, especially baby-boomers are getting into recreational activities and golfing is one of the most popular.
Their customers come from several different markets. There are corporate customers who have company outings and need rentals; non-profits such as the Alzheimer’s groups, cancer society, heart association, and other non-profits; and individuals who just like to play golf. Customers who purchase the carts are generally individuals who like to play golf or just want a simpler mode of transportation through their neighborhoods. Businesses such as storage centers, construction companies, and hotel complexes purchase carts to get around their business complex. These could also include companies like RV sales and service, marine sales and service as well as others.
There is no better time to be in the recreation business in Colorado.
** Financial information regarding sales and cash flow is projected based on previous years sales and 1st quarter sales and profit results.
Location: El Paso County, CO
Inventory: Not included in asking price
Real Estate: Leased
Building SF: 4,000
Lease Expiration: N/A
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: 4000 square foot facility with one hald dedicated to showroom and office and the other half dedicated to service. The building sits on a one-half acre lot with a fenced-in area for storage of rental and older used carts.
Competition: The nearest major competition is in Denver
Support & Training:30 days
Reason for Selling: Retirement