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