Established Seasonal Golf Cart Rental Business in Galveston, TX with Significant Assets

Galveston Golf Carts

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Financial Details

Asking Price:
$700,000
Annual Revenue:
$650,000
Cash Flow / SDE:
$300,000
Profit Metric:
Cash Flow (SDE)
Valuation Multiple:
2.3x
Location:
Galveston, TX, US
Source:
Date:
November 05, 2025

Key Highlights

Highly desirable seasonal operation allowing owners five months off per year (Feb-Sept work season).
Sale is heavily asset-based, including $750k in inventory (carts) and $350k in FF&E.
Located in a high-traffic tourist destination (Galveston Island) benefiting from expanding cruise industry.

Description

This is an opportunity to acquire Galveston Golf Carts, a well-established (since 2019) and profitable golf cart rental business capitalizing on the high volume of tourism on Galveston Island, Texas. The business features a highly attractive seasonal schedule, requiring hands-on work only seven months a year (February through September), providing five months for vacation. The operation includes three locations, 85 rental carts (2, 4, 6, and 8 passenger), one truck, and one trailer. The asking price of $700,000 primarily reflects the substantial asset base, including $750,000 in inventory and $350,000 in FF&E. The business generates $650,000 in gross revenue and $300,000 in SDE. While most locations are leased, there is an option to purchase the real estate for The Strand location. Significant growth potential exists in expanding sales, service, and parts operations, supported by the island's growing cruise ship industry. The seller offers 15 days of training.

Industry Information

Industry Description:
This business operates in the leisure and tourism sector, specifically focusing on equipment rental services for recreational use.
Classification:
Entertainment & Recreation

Operational Snapshot

Year Established:
2019
Employees:
5
Reason for Selling:
Owner has a serious medical condition.

Real Estate & Lease

Status:
Leased
Monthly Rent:
$6,000 USD
Lease Expiration:
2025

Assets & Inventory

FF&E Value:
$350,000 USD
Includes FF&E:
Yes
Inventory Value:
$750,000 USD
Includes Inventory:
Yes

Broker Contact

Name:
Chadwick Jones
Phone:
281-802-7904

Listing Details

Listing ID:
813ffd96-407b-408e-87dc-56218e5e09d4
Source Listing ID:
Ad#:2089118
Deal Status:
For Sale
Last Updated:
November 05, 2025
Currency:
USD

Features & Tags

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Tags & Categories
Golf Cart Rental Seasonal Business Tourism Asset Sale Galveston