For sale is a 10-year-old business that manufactures and sells direct-to-consumer aftermarket golf cart components. Specifically, the business specializes in bringing affordable yet high-quality big block engine upgrade kits to market. Many parts the company sells are manufactured in the US, while a small amount of the products sold are imported.
The company website is Shopify based and accounts for 98% of sales, while the remaining 2% is a mix from eBay or dealers. Average order values range from $450 for replacement components to $1,000 for kits. Increased revenue and earnings in 2020 were caused by Covid stimulus and reduced labor cost during that year. A new owner can grow the business by introducing new product lines, expanding the company to new states which recognize golf carts as low-speed vehicles, or outsourcing manufacturing.
The company has 9 full-time employees working in the United States and 2 full-time contractors working from Colombia. To maintain operations, the new owner should work around 10 hours per week on tasks such as overseeing operations, resolving issues that management can’t, and optimizing costs.