Renting golf carts in front of hurricanes in Texas - Acquisitions Anonymous 278

The hosts analyze a golf cart rental business for sale in Port Aransas, Texas, questioning its $4 million asking price. They weigh the pros and cons of the business model, such as its established real estate, concierge booking system, and the potential for automation, against the challenges of seasonality, hurricane risk, and the town's quirky atmosphere. Heather raises concerns about potential unreported cash income affecting the EBITDA and the difficulties in securing traditional SBA loans for seasonal businesses. The group debates whether buying the existing business is a better option than starting a similar venture in a different coastal town, considering factors like financing and lifestyle preferences.