
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 nearly two decades, consistently outperforming competitors and delivering 19 years of profitability withyear-over-year growth. Operating seasonally from mid-April to November, the businessgenerates significant returns while offering the flexibility of a 7-month work year.
Business Highlights
- Established in 2005: Nearly two decades of proven success in a thriving tourist market.
- 19 Years of Profitability: Consistent year-over-year growth with reliable cash
- 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), grossing almost $734,000 annually. 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
Gross Sales: $733,970
EBITDA: $137,508
Cashflow: $365,738
FF&E Value: $219,000
Annual Rent: $120,725
Real Esate: 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
eXp Commercial