Sold. Full-service Golf Cart Company

This business for sale is a privately held full-service golf cart company with three highly respected divisions specializing in high quality design, fabrication, sales and service of unique custom carts. These three complimentary enterprises offer the most comprehensive range of products and services (factory standard as well as fully customized) in its industry. Provides golf and utility cart rental, cart delivery, and sales of all three major national golf cart manufacturers. Operates in a niche market with exceptional gross profit margins near 25 percent. This Company maintains a comprehensive website containing a wealth of information regarding its history and its product and service offerings. 2012 EBITDA is projected at $1.22 million on revenue of $14.6 million. Annual revenue growth is forecast at a minimum of 10 percent over the next five years.

Expansion Potential
The Company is well positioned to participate in the positive growth forecast for its industry. Its 32-year record of providing the highest quality products and services to its customers remains the key to its continued growth and success. Management has successfully steered the Company through the worst economic recession since the 1930s, and despite obvious challenges in the current macroeconomic environment, this Company is expected to post $14.6 million in revenue for the fiscal year ended December 2012 and $16.0 million revenue in fiscal year-end December 2013. These strong projections are supported by very positive discussions between management and the Company’s major customers and vendors. For more than three decades, management at this company has shown outstanding ability to adapt to emerging market trends and to meet the exacting standards and expectations of its diverse customer base. This dedication to setting the standard for the industry has resulted in an excellent far-reaching reputation with growing sales, products, and service offerings reflecting this success. As the Company continues to expand its custom line of carts, increase its market through the Internet, and grow its customer base, sales and profits will continue to benefit.