Hot Listing

Golf Cart Rental Business with Optional Real Estate

Asking Price$600,000

Cash Flow

EBITDA$375,000

Gross Revenue$585,000

Inventory$650,000
Included in asking price
FF&E$700,000
Included in asking price
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Hot Listing

Golf Cart Rental Business with Optional Real Estate


Asking Price$600,000

Cash Flow

EBITDA$375,000

Gross Revenue$585,000

Inventory$650,000
Included in asking price
FF&E$700,000
Included in asking price
Business Description
Island-Based in Prime Tourism Location
This rental operation has evolved into a well-known provider of personal mobility vehicles for visitors and residents alike. It serves a consistent blend of vacationers, short-term renters, and locals from two prominent locations: one set within a pedestrian-friendly historic area—where property purchase may be negotiated—and another positioned along a busy shoreline thoroughfare. The business focuses on short-duration rentals of street-approved, customized carts and runs efficiently with a dedicated mechanic, an on-site manager, and additional seasonal team members. This staffing model supports a dependable fleet and a strong guest experience throughout the year.

A key highlight of this offering is the substantial collection of physical assets included in the sale. The fleet consists of roughly 90

I4 Club Car units with an original cost exceeding $1 million and an estimated present value near $650,000, thanks to a younger model lineup and consistent upkeep. Supplementing these vehicles is more than $100,000 in additional equipment—service trucks, trailers, lifts, shop machinery, tools, and parts inventory—giving a buyer a fully equipped operational foundation from day one.

With few licensing hurdles, no long-term agreements, and a recently exited competitor in the area, the business is well positioned for further expansion. Growth avenues include serving renters beyond the island, partnering with corporate or event clients, and generating additional income through branded wraps on the vehicles. The operation can be handed over seamlessly, requires little mechanical knowledge from new ownership, and represents a rare chance to acquire a ready-to-run, high-performing asset collection in a thriving coastal tourism market.
About the Business
Years in Operation
7
Employees
8 (4 Full-time, 4 Contractors)
There are 4 employees during the busy season and 1-2 employees during the slow s
Currently Home Based
Yes
Facilities & Assets
Two rental locations with two different landlords.
One can be purchased from the current owner. The other location is a monthly term lease.
84 golf carts. 2,4,6, and 8 passenger carts
1 trucks
1 trailers
Office equipment
Advertising supplies
Website
Phones
Tools
Everything you need to rent, sale, and repair golf carts and make some money.
Website
http://Galveston-golfcarts.com
Market Outlook / Competition
There are six other golf cart rental companies on the island. The closest rental company on the Seawall to my location closed its doors in October, that $150k added revenue to Galveston Golf Carts. The city is very accepting of the golf carts and they have become a way of life on the island.
Opportunities for Growth
Galveston Golf Carts only rents on the island. You can rent off of the island for more profit and growth opportunity. Rent mopeds, motorcycles, and mobility scooters to expand the business on the island. There are a few other tricks to get business from competitors as well.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
5,000
Rent
$6,000.00 per month
Lease Expiration
12/31/2026
About the Sale
Seller Motivation
Time to move on
Transition Support
There will be a 15 day training period for the new owner with phone and email service after the training period.
Financing Options
CASH PURCHASE ONLY. NO SBA LOAN, SBA WILL NOT GICE A LOAN FOR A FEW REASONS. NO
Listing Info
ID
2089118
Listing Views
24399
Business Location

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Business Listed by: Chadwick Jones

Listing ID: 2089118 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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