Hot Listing

Golf Cart Rentals on Galveston Island Texas

Asking Price$850,000

Cash Flow
$400,000

EBITDA$400,000

Gross Revenue$850,000

Inventory$850,000
Included in asking price
FF&E$350,000
Included in asking price
Strand Location
Strand Location
San Luis Location
Lots of Golf Carts at the Strand
Strand Location
Strand Location
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Hot Listing

Golf Cart Rentals on Galveston Island Texas


Asking Price$850,000

Cash Flow
$400,000

EBITDA$400,000

Gross Revenue$850,000

Inventory$850,000
Included in asking price
FF&E$350,000
Included in asking price
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.

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. Although that does matter due to the hurricane that hit last year after 4th of July. For the asking price, You are basically buying equipment and assets.
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
About the Business
Years in Operation
6
Number of Employees
5
Currently Home Based
Yes
Facilities & Assets
Two rental locations with three different landlords.
The Strand location can be purchased from the current owner. The other location is a monthly term leases
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. 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.
Opportunities for Growth
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.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
5,000
Rent
$6,000.00 per month
Lease Expiration
12/1/2025
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
No
Listing Info
ID
2089118
Listing Views
23893

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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.