Golf Cart Dealership in Pinehurst, NC
| Asking Price: | $1,318,175 | Inventory: | $335,700 ** |
| Gross Revenue: | $1,822,581 | Real Estate: | $496,850 ++ |
| Cash Flow: | $273,395 | FF&E: | $221,726 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Golf Cart Dealership located in the nation’s oldest golf vacation destination – Pinehurst, North Carolina. Carolina Carriage is the exclusive dealer of Club Car and Yamaha Golf Carts to the Sandhills Area. Impeccable financials tell the story of this solidly run business enterprise generating four recurring revenue streams (1) Sale of New, Used, & Remanufactured Golf Carts (2) Cart Rentals to established ‘events’ market (3) Sale of Golf Cart Parts & Accessories (4) Maintenance & Servicing of Private Carts & Club/Resort Fleets with onsite repair and includes daily pick up and delivery service within 50 miles. Carolina Carriage is also the exclusive dealer of the Club Car Golf carts to a 11 County Territory, Club Car XRT Utility Line of Carts and the new Yamaha Adventurer Utility Cart.
About the Business
Year Established:1982
Employees:6 full time - 3 part time
Facilities:Real Estate being sold with Business. 3 Buildings and Fenced storage yard on 1.3 Acres in Prime Location that is well known throughout the community. Retail showroom with brand new building housing maintenance/service area.
Market Outlook and Competition:Carolina Carriage is the exclusive dealer of Club Car & Yamaha Golf Carts to the greater Pinehurst area (aka The Sandhills). There is only one other dealer in the local market and they represent the E-Z-GO Brand. Carolina Carriage has a dominant position and competitive advantage in the market for all rental carts and has the largest rental fleet in the area. Last but not least, Carolina Carriage is the only dealership that has agreements to maintain and provide warranty service to a variety of the Club/Resort Golf Cart Fleets. The Service Department at Carolina Carriage has some of the most experienced mechanics and technicians in the area and they are recognized as trusted advisers. Pinehurst is known around the world as “Home of American Golf” and this reputation for world class golf coupled with the areas mild climate, low cost of living, cultural activities, and proximity to both the coast and mountains, not to mention major cities – Charlotte & Raleigh have been the catalyst for major growth plans. Florida-based Stonehill Capital Group purchased 1,500 acres in March of 2009 for development of a ~1,000 home master-planned resort community in neighboring Foxfire Village. This community will include two Jack Nicklaus-designed signature courses and a Ritz-Carlton hotel complete with spa and conference center. Oceanico Group, and international golf developer out of Portugal recently purchased the Little River Golf Resort and has made Pinehurst their US headquarters office. The Master Plan for Little River calls for a total of about 1,150 single family homes, town homes, and condos in addition to a hotel, a spa, a lazy river, tennis courts and some boutique retail areas. Last but not least, the Sandhills area is soon to be a benefactor of a major Army Base Realignment at neighboring Fort Bragg responsible for bringing ~40,000 people to the area in February 2011.
About the Sale
Management Training and Support:This is a turn-key enterprise that is comprised of an extremely talented, hard working, and intelligent team of people. The new owner will receive comprehensive transition assistance from the current owner. In addition, the current owner is willing to stay on with the business for up to 12 months as a consultant.
Reason For Selling:Retirement. Current owner is 71 years old and wants to play more golf.
Seller Financing:The owner is willing to extend an appropriate level of owner financing. T&C’s will be discussed with a qualified buyer.
Attached Files - Attachment Disclaimer
 | Showroom Floor | ||
| Yamaha Cart | ||
| Club Car Cart | ||
| Rental Fleet | ||
| Carolina Carriage |
KEYWORDS: Golf, Cart, Golf Cart, Resort, Golf Course, Pinehurst, Retirement, Profitable, Leisure, Club Car, Yamaha,
Sell Your Business | This listing has been viewed 584 times
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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. Please review the full Disclaimer here.
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