401-265-6091 jacob@jacobbelt.com

BUSINESS FOR SALE

Turnkey, Profitable, Well-Established Business Opportunity in Newport, RI

SCOOTER
WORLD

Newport, RI

Established in 2005, Scooter World has been a leader in the Newport market for two decades, consistently outperforming competitors and delivering 20 years of consistent, reliable cash flow. Operating seasonally from mid-April to November, the business generates significant returns while offering the flexibility of a 7-month work year.

Business Highlights

  • Established in 2005: Two decades of proven success in a thriving tourist market.
  • 20 Years of Profitability: Consistent reliable cash flow.
  • Turnkey Opportunity: Owners offer hands-on guidance to ensure a smooth transition.
  • Simple Business Model: Rental-based operations with seasonal staffing for low overhead, reduced risk. Option to hire a full-time manager for added flexibility.
  • Seasonal Flexibility with Room For Growth: Operate 7 months per year (mid-April to November). Multiple growth and expansion opportunities ready to be explored.
  • Well Maintained, Diverse Fleet: Caters to all riders with 2- and 3-wheeled scooter cars, Polaris Slingshots, and 2- and 4-wheeled bicycles. Fleet is regularly updated with local mechanic support.
  • Proven Market Success: Outlasted competitors in Newport’s market.

Key Financials

Asking Price: $1,395,000
CAP Rate: 26.21%
2023
Cashflow: $365,738
Real Estate: Leased

DON’T MISS THIS CHANCE TO OWN A PROFITABLE, FLEXIBLE, AND WELL-ESTABLISHED SEASONAL BUSINESS!

For More Info

Contact

Jacob Belt

Commercial Real Estate Advisor
The REAL Brokerage

401-265-6091