Golf Cart Sales Service Lease In Little Rock For Sale

Business description

This 20 year old business sells, services, and leases golf carts to individuals and golf courses throughout Arkansas. The business is a licensed dealer of EZ-Go golf carts, the biggest name in the golf cart industry. Revenue is diverse, coming from the sale of golf carts (43%), parts sales (37%),leasing of cart (10%), service charges or labor (8%), and the sale of various golf products (3%). There is little competition in the area, and plenty of ways an aggresive new owner could expand the business. The older owner started this business as a second career many years ago, and is ready to retire.

Property information

Real Estate:

Lease

Lease terms:

lease expires at the end of August, 2011

Leasehold rent:

$37,000 per annum

Location:

Busy Highway in the Little Rock area

Premises details:

This business is located on a once acre lot on a busy highway in the Little Rock area. The entire lot is fenced with plenty of parking and great visibility. The building has two showrooms that display products, as well as four offices and a parts storage area. In the back is a repair facility and additional building for more storage.

Size in square feet:

45,000

Other information

Expansion potential:

A new owner could expand the line of carts, offer more products in the showroom - clubs, golf shoes, balls, clothing, etc. Additionally, a new owner could increase the leasing business statewide through an outside salesman or advertising.

Planning consent:

commercial

Competition / Market:

very little competition in the area

Support & training:

owner will train as needed

Reasons for selling:

retirement

Trading hours:

weekdays

Owner financing:

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

Financing available:

With the purchase of the inventory, the seller will finance the entire purchase price of $135,000 (five years at 6% interest).

Furniture / Fixtures value:

$100,000 (included in the asking price)

Inventory / Stock value:

$382,437