1. Executive Summary

CartShare is a platform that enables eGolfVillage members to become fractional investors to collectively own fleets of golf carts, which are provided to golf courses at no upfront cost under a revenue-sharing agreement. This model solves capital expenditure and maintenance pain points for golf courses while offering passive income and equity returns to fractional owners.

2. Problem & Market Opportunity

The Problem:

  • Golf courses face high capital costs to acquire/replace fleets (average cart costs: $8K–$12K).

  • Courses often defer upgrades, resulting in poor customer experience.

  • Individual investors lack access to high-yield, asset-backed opportunities in the golf industry.

The Opportunity:

  • Replace upfront capital costs with a zero-CAPEX fleet solution.

  • Offer high-end, well-maintained carts with revenue sharing.

  • Let investors earn monthly income backed by physical assets and recurring golf course usage.

3. Solution: Fleet-as-a-Service (FaaS)

FleetFund Golf purchases and maintains fleets of premium golf carts. Courses pay a per-round rental fee or monthly revenue share rather than owning the carts. The carts are funded through fractional investments from individuals or institutional investors.

How it Works:

  1. Investors buy fractional shares of a fleet (LLC ownership or tokenized digital shares).

  2. FleetFund leases carts to partner golf courses at no upfront cost.

  3. Golf courses pay a per-round fee or revenue share (e.g., 30% of cart rental revenue).

  4. Revenue is distributed monthly to investors after operating costs.

4. Business Model

Revenue Streams

  • Cart rental revenue from partner courses (e.g., $20/cart/round).

  • Optional services (e.g., GPS upgrades, course branding, sponsorships).

  • Investor onboarding fees (initial fundraising fee or platform fee).

  • Maintenance & service contracts for extended support.

5. Financial Model (Year 1)

Metric Value
Cost per cart $10,000
Number of carts 100 (10 courses x 10 carts)
Total fleet value $1,000,000
Avg cart use/month 60 rounds
Revenue per round/cart $20
Monthly revenue/cart $1,200
Annual gross revenue $1.44 million
Investor return (net) ~8–12% after ops & management

6. Target Customers

  • Golf Courses

  • Public and municipal courses with aging fleets or limited CAPEX.

  • Investors:

  • Golfers, real estate investors, and passive income seekers.

  • Fleet Partners:

  • Yamaha, Club Car, EZGO for bulk cart sourcing.

7. Operations

  • Fleet Management:

  • Centralized team oversees delivery, maintenance, repairs.

  • Tech Platform:

  • Dashboard for course operators and investors (booking, tracking, payouts).

  • Asset Protection:

  • GPS, theft protection, damage tracking, and insurance included.

8. Legal & Ownership Structure

  • Each fleet is held in an LLC; investors purchase units (fractional ownership).

  • Revenue share agreements signed with golf courses (3–5 year terms).

  • Monthly reporting and distributions to investors via secure platform.

  • Tokenization  (Optional)

  • for liquidity via digital security tokens (compliant with Reg D/Reg A+).

9. Go-to-Market Strategy

Phase 1: Pilot Launch

  • Identify 2–3 pilot courses (high traffic, aging fleets).

  • Raise capital from founding investor pool.

  • Deploy first 50–100 carts and track usage, feedback, revenue flow.

Phase 2: Regional Expansion

  • Target golf-rich metros: Phoenix, Orlando, Myrtle Beach, Dallas.

  • Build direct relationships with course management groups.

  • Launch investor marketing via golf publications, podcasts, and crowdfunding sites.

Phase 3: Platform Scale

  • Open nationwide investment access (Reg A+ offering or crypto tokenization).

  • Add cart variations (luxury carts, 4-seaters, eco carts).

  • Launch marketplace for secondary share sales or trade.

10. Competitive Advantages

  • No upfront cost to courses

  • Removes major capital hurdle.

  • Recurring passive income for investors

  • backed by physical assets and course agreements.

  • Data + tech-driven

  • Track cart usage, health, and ROI in real time.

  • Sustainable growth

  • Scale with each new course without owning land or managing rounds.

11. Exit & Expansion Opportunities

  • Roll up into a REIT-style golf cart leasing fund.

  • Merge or partner with Club Car, Yamaha, or GolfNow.

  • Expand into other course equipment (range machines, beverage carts).

  • Launch B2B financing platform for other golf equipment on similar terms.

12. Risk & Mitigation

Risk Mitigation
Low usage at course Target high-traffic courses, fixed min revenue terms
Damage or theft Insurance, GPS, signed responsibility waivers
Investor liquidity Offer resale/trade via internal platform or tokenization
Course churn Diversify fleet across multiple courses and regions

Appendices Available

  • Sample Course Revenue Share Agreement

  • Investor Pitch Deck

  • Sample Cap Table (Fractional Cart Fleet LLC)

  • Monthly Investor ROI Chart

  • Legal Terms for Revenue Participation