Golf Cart & Utility Vehicle Distributor and Dealer in the Midwest

This listing presents a well-established Golf Cart & Utility Vehicle Distributor and Dealer operating two stores in the Midwest. The company serves as an authorized distributor for Yamaha and a dealer for brands including Club Car, Evolution, and Vivid. Its comprehensive offerings include sales, rentals, parts, and service for golf and utility vehicles. The business boasts a diversified customer base with a strong recurring customer rate, evidenced by 54% of 2023 revenue originating from repeat clients, supported by multiple long-term maintenance contracts with golf courses. Key aspects also include the late-stage development of proprietary golf cart rental software. Opportunities for growth are significant, with potential to expand into neighboring markets, capitalize on a strong cash position and growing supplier allocations, complete and monetize the rental software, and increase sales by expanding into the dealer customer segment. The business has capacity to increase revenue through enhanced sales presence with minimal cost impact. Financials indicate Sales of $17,968,000 and Cash Flow of $935,000 as of December 2023. The asking price is not disclosed.