Murphy Business Brokers Sale of Cart Land of Lakeland
LAKELAND, Fla. – (May 31, 2006) – The Lakeland office of Murphy Business & Financial Services brokered a $1.5 million transaction between Robert Riley, a prominent local buyer, and Cart Land of Lakeland, Inc., the only authorized Club Car Golf Cart dealership in Polk County. Cart Land is also one of only three dealerships in Florida having a “Tee-Time” agreement to manage, service, and transport rental Club Car fleets statewide.
Cart Land of Lakeland has nearly doubled since 2003 when the former owners, Robert and Inez Hosford, expanded purchasing the two adjacent lots. In 2006, Cart Land has grown 27 percent with sales from Tee-Time alone anticipated to add $250,000 directly and even more indirectly with related services.
The buyer, Robert Riley, is a former managing owner of Miracle Toyota where he was recognized annually by Toyota for one of the top Toyota dealerships in the U.S.
“Golf carts are not limited to golf courses; they also answer a mobility need in many retirement communities. As more and more baby boomers reach retirement age the need for quality carts, service and customization is growing exponentially in Polk County,” said Celine Dufresne, broker and owner of Murphy Business – Lakeland.
By conducting a thorough analysis and valuation of the business and assisting the buyer with SBA financing, Murphy Business played an integral role in structuring the transaction to optimize the net proceeds to the seller while ensuring the best possible conditions for the buyer.
Since its opening in Polk County in 2000, Murphy Business & Financial Services has sold more Polk County businesses than all other business brokers combined and ranks among the top performers across Florida. Additionally, Dufresne’s closing rate is three times higher than the industry average, due in part to a solid financial, business and sales background.
Based in Clearwater, Fla., Murphy Business & Financial Services, Inc. (www.murphybusiness.com) is the largest business brokerage firm in the United States with 30 offices in Florida that sell approximately 350 businesses each year and have completed more than 3,000 transactions. Murphy Business offers clients access to the largest business brokerage network in the world.
CONTACT: Stefanie Phillips
RFB Communications Group, Inc.
(813) 259-0345
sphillips@rfbcommunications.com
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