Golf Cart And Art Business For Sale

Business description

This unique business incorporates the #1 New Golf Cart dealer out of 350 in the USA plus and art gallery feathuring nationally acclaimed artists, all under one roof. Business dis in the highly desirable affluent Palm Springs California desert oasis. Business is in a very popular shopping setting with high end restaurants and stores. A buyer will be purchasing the exclusive rights to the Coachella Valley for two golf cart manufacturer lines, a repair facility plus an extensive art inventory. The Coachella Valley has over 140 golf courses so there are many eager golfers exchanging their private carts for upgraded designs and feathures. The art works are by many celebrated artists and a new buyer can select paintings from over 12 million dollars of art at wholesale prices.Retail value of art is generally two to three times the wholesale cost. This is a recession proof industry that continues to have strong net profits of between $360,000 to $490,000 annual income after expenses. Revenues in 2009 are 20% higher than same period in 2008, even during these difficult economic times. Owner is willing to take commercial or residential real estate in trade and will carry a portion of the selling price. The inventory includes 14 golf carts and a total of $1750,000 in art and carts. Equipment includes three late model pickup trucks, forklift, computers, office furniture and more. Net profit in Sept. 09 was over $90,000 and profit in Oct. 09 exceeded $165,000!!

Property information

Real Estate:

Lease

Lease terms:

The showroom/gallery has 2800 SF and has an annual lese of $204,000
The warehouse has 5000 SF and leases for $1.00/foot

Other information

Competition / Market:

There is no competition for the golf carts or the artists within 90 miles

Support & training:

Owner will train for three weeks. Owner will consider trading for property or other tangible items.

Reasons for selling:

Owner has several new interests he is exploring

Trading hours:

Business is open daily from 10:00 until 7:00

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Owner will finance to qualified buyers up to 20% of the selling price. This business will qualify for an SBA guarantee.

Furniture / Fixtures value:

$99,000 (included in the asking price)

Inventory / Stock value:

$1,750,000 (included in the asking price)