Classic Golf Carts
How we got $2.2M
Based on typical figures for its industry (2022 Economic Census), not its own records.
What we know
Signs of a sale High sell likelihood
- In business 40 years (since 1986)
- Founder still runs it after 40 years
- No family successor named on its website
From public records and the company's website, not a statement that it's for sale.
What they do
Classic Golf Carts is a family-owned and operated golf cart dealer with locations in Claremore and Grove, Oklahoma, selling new and used carts, offering rentals, repairs, and parts and accessories.
From the company's website. Industry: Car dealers.
Customers & suppliers
Suppliers & brands
- EZ-GO · brand it sells or installs
- Yamaha · brand it sells or installs
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Classic Golf Carts this business | $18.3M | — |
| 1 Stop Customs Claremore | $9.1M | 0.1 mi |
| Robert Flynn Cars Claremore | $9.1M | 0.2 mi |
| JACK KISSEE FORD, INC. Claremore · 42 employees | $39.0M | 0.4 mi |
| MELTON SALES, INC Claremore · 37 employees | $33.1M | 0.4 mi |
| Alfie's Cheap Auto Prices Claremore | $9.1M | 0.4 mi |
| Best Chance Auto Sales Claremore | $9.1M | 0.7 mi |
The full calculation
| Estimated value = EBITDA × typical sale multiple | $2.2M |
| Multiple for this size and industry | 3× |
| Value range | $522K – $9.7M |
This business has no PPP loan on record, so there is no business-specific data. The figures are the typical estimated revenue of Automobile dealers businesses in our Oklahoma data: the middle value, with the range covering the middle half of those businesses. EBITDA applies the industry margin (4%). Treat these as a rough guide.
| Revenue range | $5.3M – $65.8M |
| EBITDA range | $217K – $2.7M |
| Industry (NAICS) | Automobile dealers (4411) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
“Classic Golf Carts was founded in Claremore OK in 1986 by Ken Cole Sr.”
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
2 locations
| 510 S J M Davis Blvd | Claremore | This listing |
| 3650 US-59 | Grove | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Classic Golf Carts
Classic Golf Carts is a family-owned car dealers company in Claremore, Oklahoma, in business since 1986. It is owned by Ken Cole Sr. (Founder). Its estimated annual revenue is about $18.3M, with roughly $748K of EBITDA. Its estimated business value is $2.2M (likely range $522K–$9.7M). It has 2 locations.
Common questions
- Who owns Classic Golf Carts?
- Classic Golf Carts is owned by Ken Cole Sr. (Founder), according to public sources such as the company's website or filings.
- How much revenue does Classic Golf Carts make?
- SeeBITDA estimates Classic Golf Carts's annual revenue at about $18.3M (likely between $5.3M and $65.8M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Classic Golf Carts worth?
- About $2.2M, roughly 3× its estimated EBITDA of $748K, typical for a car dealers company its size. Likely range: $522K–$9.7M.
- When was Classic Golf Carts founded?
- Classic Golf Carts has been in business since 1986.
- Is Classic Golf Carts for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 40 years (since 1986); founder still runs it after 40 years; no family successor named on its website.