Profitable Golf Cart Business with over 10 Years of History

Are you looking to own a thriving, well-established business in the recreational vehicle market? Look no further! We are offering a highly profitable golf cart business for sale with a decade- long history of success and growth.
Business Overview:
Location: Warwick, Rhode Island – High-traffic location.
Street front cart display lot, 800 sqft Showroom (lease).
Revenue: $480,000 annually (April - October).
Cashflow: Cashflow positive.
Profit Margins: 30-50% profit margins.
Overhead Costs: Low monthly overhead of $1,200 (rent + insurance).
1000+ Existing customer database.
Assets Included:
• Golf Carts: Over 35 golf carts valued at $215,000
• Trailers(4): Value $15,000+
o 20ft Enclosed Mobile workshop with Tools o 20ft Deck Over,
o (2) 10ft utility – Open Trailers
• Storage: 40-foot storage container filled with essential tools worth over $10,000
o Tools / Equipment: Milwaukee cordless power tools, two large toolboxes filled
with tools, and electronic testing equipment.
• Parts Inventory: $35,000 worth of aftermarket parts and accessories
• Supplier Accounts: Established wholesale supplier accounts, ensuring smooth and cost-
effective operations.
o Nivel – Largest aftermarket and OEM parts dealer
o RedHawk - aftermarket and OEM parts dealer + Custom Bodies
o Trojan Batteries – Certified Dealers (Both deep cycle and Lithium) o Interstate Batteries
o ECOXGEAR – Audio Equipment
o Flight System – Controllers / Chargers Supplier
• Showroom: A fenced-in lot with over 15,000 square feet and an 800-square-foot showroom. The building is on a lease with a rate that can be locked in for a negotiated term between $650 and $800 monthly.
o The property has a chain-link fence with three gates (two at 48” and one is a double 6ft (12ft total opening). New signage (illuminates at night).
o Full basement with Storage + workshop o HD Surveillance system
Key Highlights:
• Strong Financials: Consistent revenue generation with a peak season from April to October
• Low Overhead: Minimal monthly expenses, making it easier to manage and maximize profits
• Established Reputation: Over 10 years of successful operations and a loyal customer base
• Growth Potential: Opportunities to expand services, increase inventory, and tap into new markets
• Immediate Opportunity: Looking to exit within the 2024 season, presenting a great near-term opportunity for new ownership
• Total Transfer: Lease, website, phone, and total customer base will be transferred to new ownership
• New Legislation: With the new RI legislation law now in effect as of July 1st, 2024, allowing for street-legal golf carts, the timing is ideal for new ownership to capitalize on this market expansion
Financial Obligations:
• Accounts Payable: Approximately $110-120k due in total accounts payable
• Accounts Receivable: $15-25k
• Tax Debt: No Tax debt
• New ownership assumes AP+AR at the time of sale
We are selling due to a shift in our personal career paths and no longer have the time required to carry on both owning a business and personal career development. This transition creates a perfect opportunity for new ownership to step in and take advantage of the established business and immediate revenue potential.
This is a rare opportunity to acquire a turnkey business with significant assets, a solid revenue stream, and a strong market presence. Whether you're an experienced business owner looking to diversify your portfolio or an entrepreneur ready to enter the recreational vehicle market, this business offers the perfect platform for success.
Owners are willing to support proper handoff and spend time with the buyers to ensure they are set for success.
Don't miss out on this exceptional opportunity to own a profitable and well-respected golf cart business. Act now and take the first step toward your new venture!