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Golf Cart Rentals on Galveston Island Texas

Galveston, TX
Strand Location
Strand Location
Asking Price:$775,000
Gross Revenue:$850,000
Rent:$7,800/Month
FF&E:$350,000
Cash Flow:$375,000
Inventory:$850,000
EBITDA:$400,000
Established Year:2019
Listing ID: 2089118Listing provided by BizBuySell
BUSINESS DESCRIPTION

Work seven months. Vacation five months

Galveston Island Texas is Houston Texas playground with over five million visitors a year. Galveston Golf Carts was established in 2019 by my son and myself with the dream of simply renting golf carts on the beach in shorts and flip-flops. With three locations and 85 golf carts for rent, we get to wear our shorts and flip-flops... we work a lot during the season.. The work season is from February til September and relax the other months. Yes.. it's a seasonal business! There's plenty of room for growth for the company with sales and service of other people's golf carts. The rental side of the company is completely set-up and can be expanded with rentals off the island. We only take credit cards (no cash for several reasons) and have good book keeping. We get along with all the landlords and are allowed to stay as long as we want and we keep paying rent. There are leases for all locations. We're trying to figure out where the next location will be, but it's not an easy task..

We have other things we want to do and are ready to start something new. I have a serious medical condition that is the main reason for moving on.

You have to be hands on and work this business. Especially if you want to expand the business.
It's a simple and fun business and the customers are always appreciative. There's always festivals on the island and the cruise ship industry is expanding with a newly finished cruise terminal another terminal in the works.

Galveston Motorcycle Rentals and that can be added to this deal.

We will NOT owner finance.
We will NOT wait on you to get financing.
We do have P&L statements for the last three years
If you are serious. Plan on coming down to Galveston to meet and take a look at everything.

Thanks for your interest
Chadwick Jones
Galveston Golf Carts
Get your shorts and flip-flops ready

Yes. There are several reasons the price is what it is.

DETAILED INFORMATION
Location
Galveston, TX
Inventory
Included in asking price
Real Estate
Leased
Building SF
5,000
Lease Expiration
01/12/2025
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Twp rental locations with three different landlords. The Strand location can be purchased from the current owner. The other location is a monthly term leases 100 golf carts. 2,4,6, and 8 passenger carts 2 trucks 3 trailers Office equipment Advertising supplies Website Phones Tools Everything you need to rent, sale, and repair golf carts and make some money.
Competition
There are six other golf cart rental companies on the island. Every company sees yearly growth and will keep seeing growth due to Galveston Island tourism industries yearly growth. The city is very accepting of the golf carts and the have become a way of life on the island.
Growth & Expansion
Golf carts in general are a growing industry on the island. Plenty of locals own golf carts to cruise around town. You can sale, repair, sale parts and there's plenty of overnight growth opportunity with Galveston Golf Carts.
Financing
No
Support & Training
There will be a 15 day training period for the new owner with phone and email service after the training period.
Reason for Selling
Time to move on
Home-Based
This business is Home-Based
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Chadwick Jones
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Chadwick Jones
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