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cover of episode The $16M Golf Cart Business That Refuses SBA Loans

The $16M Golf Cart Business That Refuses SBA Loans

2025/3/25
logo of podcast Acquisitions Anonymous - #1 for business buying, selling and operating

Acquisitions Anonymous - #1 for business buying, selling and operating
AI Deep Dive AI Chapters Transcript
People
H
Heather
M
Michael Girdley
M
Mills Snell
Topics
Michael Girdley: 我认为这家公司不符合SBA贷款资格，这表明财务状况存在问题。他们没有披露收入和净收入，这让我对他们的财务透明度产生怀疑。此外，卖方拥有多家公司，且出售时机并非最佳，这可能表明存在潜在问题。虽然这家公司位于旅游胜地，营收高，且拥有独家经销权，但其复杂性也值得关注。对于想要在海滩小镇生活并融入当地社区的人来说，这是一个不错的选择，但其现金流和融资问题需要关注。我们可以通过资产购买和卖方贷款等方式来解决财务不透明的问题，并通过卖方贷款和逐步清理财务报表的方式来降低风险。 Heather: 我对这家公司持否定态度。他们不接受SBA贷款，可能是因为业务类型不被接受，或者是为了避免额外的审查。卖方不愿意处理SBA贷款的额外审查和麻烦，这可能是一个危险信号。此外，我个人对二手设备或二手车销售业务持谨慎态度，因为其中可能存在一些不透明的操作。卖方可能存在漏报现金收入的情况。 Mills Snell: 这家公司虽然规模不错，但其可行性和可转让性存在疑问。在一些度假小镇，一些人会拥有多家小型企业，以维持生计。这家公司存在卖方情况复杂的问题，其可转让性存在疑问。虽然其独家经销权具有一定的价值，但我仍然对这家公司持否定态度。市场上存在许多类似规模但可转让性较差的企业。

Deep Dive

Chapters
This episode of Acquisitions Anonymous discusses a $16 million golf cart and low-speed vehicle dealership in Virginia Beach, VA. The hosts analyze the business's financials, seller dynamics, and market position, ultimately deciding whether it's a worthwhile acquisition.
  • $16 million in revenue
  • Located in Virginia Beach
  • Complicated seller dynamics
  • No SBA loan eligibility
  • High rental income

Shownotes Transcript

A $16M golf cart and low-speed vehicle dealership in Virginia Beach sounds dreamy… until it’s not.Business Listing - https://www.bizquest.com/business-for-sale/new-and-used-cars-and-golf-cart-product-lines/BW1924052/Sponsored by Inzo Technologies and Hire with Near

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Hire top-tier Latin American talent with Hire with Near — https://hirewithnear.com/Website: https://www.acquanon.com/Twitter: https://twitter.com/acquanon✉️ Subscribe to our Newsletter and get more deals like this every week: https://www.acquanon.com/newsletter🔔 Subscribe to Acquisitions Anonymous: https://www.youtube.com/@AcquisitionsAnonymousPodcast?sub_confirmation=1🎧 Listen to our full episodes on your favorite podcast platforms: https://www.acquanon.com/episodesEpisode Description:In this episode, Michael, Heather, and Mills dive into a fascinating but frustrating $16M revenue business based in Virginia Beach, Virginia. On paper, it’s a dream: an oceanfront golf cart and low-speed vehicle dealership with high rental income and exclusive distributorships. But as the hosts peel back the layers, they uncover red flags like no SBA eligibility, murky financials, and a seller with too many side hustles. They discuss the appeal of lifestyle businesses in resort towns, what exclusivity might be worth, and the dangers of unclear cash flows. A classic example of “looks great—until it doesn’t.”Key Highlights:

  • $16M revenue dealership selling golf cart-adjacent vehicles and earning $30K/month in rentals
  • Located in prime tourist real estate in Virginia Beach
  • Multiple red flags including no SBA loan acceptance and lack of disclosed cash flow
  • Seller has several unrelated businesses, raising questions on financial transparency
  • Discussion around dealership models, exclusivity, and rental income value
  • Insight on how these types of lifestyle businesses can be great—for the right buyer
  • Why this deal gets a “thumbs down” despite some appealing elements

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