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Listing ID: 2821118

Turnkey Golf Driving Range Business For Sale

695 N. Singleton Avenue Titusville Florida, Brevard, Florida, United States

$ 175,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ under 100k

Cash Flow: $ 0 to 100k

Business Description

Turn key driving range, re-opened in 2017. Priced below owner investment. Cap Rate can be as high as 14%-16%. No debt load, no liabilities, no AR. GPM approximately 30%-35% per year. Located in Titusville on 8.166 acres at the Arthur Dunn Airpark. 5 year ground lease signed on June 2017, with option on 5 year extension. New Owners spent 2 months on upgrades, repairs, and new equipment. Full asset (equipment & inventory) plus leaseholder improvements list available. The Pro Shop sub-leased on year to year lease. There is an on site instructor that generates income for the business. with opportunities to add more instructors and increase revenues from that revenue stream. Includes a self-serve ball machine & dispenser that cleans and refills buckets for the golfers, new netting installed, new parking pavement, golf carts, golf ball picker, shed, lawnmower plus much more.

Located in a high traffic area with plenty of year round visitors to the range. Close to Sky Dive Space Center. Singleton Road intersects Garden Street and all its business. Only 13 miles from I-95.

See Vidoes
https://www.youtube.com/watch?v=2BbKxxDYS4Y
https://www.youtube.com/watch?v=i7eaX9_nllI

Kindly contact us for more details.

Property Details

Size:

Land Lease on 8.166 Acres

Years Established:

Range has been at this location for well over a decade. Current owners purchased in 2017 and upgraded the facilities to current state.

Property Type:

Lease

FF&E:

$ 113,272

Inventory Value:

$ 28,500

Other Details

Business Location:

Titusville's Near I-95 and residential areas

Premise Details:

8.166 Acres on a Land Lease to City if Titusville

Competition:

Only Driving Range between Cocoa and Daytona that is not part of a Golf Course. Open daily and at night as it has all the required lighting. Competition: Only Driving Range between Cocoa and Daytona that is not part of a Golf Course. Open daily and at night as it has all the required lighting. Located near Astronaut High School, where the Golf Teams would come and practice.

Expansion Potential:

Build a Driving Range Business by acquiring this gem and expanding into other areas.

Operation Details

Employees:

1

Trading Hours:

You decide. Day and Night Competition: Only Driving Range between Cocoa and Daytona that is not part of a Golf Course. Open daily and at night as it has all the required lighting.

Support & Training:

Current Owner will support for up to 1 year and will not compete

Miscellaneous

Reason For Selling:

Information will be furnished once Mutual NDA is signed.

Contact this seller

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