Golf Cart & Commercial Equipment Business #86202126

This business is a retailer and service center for some of the top brand name golf carts (low speed vehicles - LSVs) and commercial equipment. These product lines are seasonally complementary, resulting in steady year-round sales. The company offers a one-stop shopping and service experience for their customers, providing a line of accessories as well as a service center supporting routine maintenance. Location: Texas Year Established: 1986 Number of Employees: 8 Real Estate: Owned Building Sq. Ft.: 90,000 Facilities: The business enjoys superior name recognition and a strong reputation for positive customer experiences. This has resulted in a high percentage of repeat customer business. The company has enjoyed strong year-over-year revenue growth and stable, predictable profitability. Market Outlook/ Competition: • Increasing Operating Efficiencies - This business has increased their annual inventory turn from 3.45 in 2019 and 4.14 in 2020, to 4.85 in 2021. Ownership has managed the company very effectively through the pandemic and is now seeing increased sales and service revenue. • Large Inventory of Branded LSV’s and Power Equipment—The company carries a wide selection of branded LSV’s and power equipment to satisfy customer demand. • Effective Inventory Management - Ownership made a significant investment into additional inventory during the pandemic. As a result, they believe their current inventory level ($695K) is the largest of any similar retailer in their trade area—and many competitors have very limited inventory at this time. • Diversified Customer Base - This company has a very diversified customer base—90% of sales come for direct sales to consumers, while the remaining 10% comes from universities and other businesses in the area. No single customer represents a significant percentage of annual revenues. Growth & Expansion: *Geographic expansion within the U.S and into Central America *Additional 30,000 un-used SF in existing facilities