The $16M Golf Cart Business That Refuses SBA Loans

The hosts analyze a Moke America dealership for sale in Virginia Beach, focusing on its viability and the complexities of its owner. The business combines new and used car sales with a lucrative golf cart rental service, generating $30,000 monthly during peak season. The hosts are skeptical about the owner's refusal to accept SBA loans, suspecting potential financial irregularities or an inflated asking price. They also discuss the owner's involvement in multiple ventures, which raises concerns about the business's transferability and the seller's motivations. Despite the potential for exclusivity as a distributor for certain brands, the hosts ultimately give the deal a thumbs-down due to these complications.