Established Scooter Rental Business for Sale in Newport, RI
Scooter World
Financial Details
- Asking Price:
- $1,195,000
- Annual Revenue:
- $733,970
- Cash Flow / SDE:
- $365,738
- Profit Metric:
- Cash Flow
- Valuation Multiple:
- 3.3x
- Location:
- Newport, RI, US
- Sources:
- Date:
- October 25, 2025
Key Highlights
Description
This is an exceptional opportunity to acquire Scooter World, the premier scooter rental business in Newport, Rhode Island, established in 2005. The business boasts nearly two decades of consistent profitability, generating $365,738 in cash flow against an asking price of $1,195,000, with $733,970 in gross revenue. Operations are seasonal (mid-April to late October), providing owners with a desirable 7-month work year. The sale includes a diverse and well-maintained fleet featuring scooter cars, Polaris Slingshots, and bicycles, along with $219,000 in FF&E. The seller offers comprehensive training to ensure a smooth transition. Significant growth opportunities exist through expanded online marketing and potential additions like jet ski rentals.
Industry Information
- Industry Description:
- This business operates in the Equipment Rental & Leasing sector, serving the tourism and recreation industry in Newport, Rhode Island.
- Classification:
- Entertainment & Recreation
Operational Snapshot
- Year Established:
- 2005
- Reason for Selling:
- Retirement
Real Estate & Lease
- Status:
- Not Disclosed
Assets & Inventory
- FF&E Value:
- $219,000 USD
- Includes FF&E:
- Yes
Broker Contact
- Name:
- Jacob Belt
- Company:
- Real Brokerage
Listing Details
- Listing ID:
- 4c06f26d-add2-429b-91cb-f9414bf2a87e
- Source Listing ID:
- 2433513
- Deal Status:
- For Sale
- Last Updated:
- October 25, 2025
- Currency:
- USD