Commercial Property For Sale in Hermanus

Property description

Background.
• Wedge Golf commenced trading in Feb 2017.
• The business has focused on the sale (new & used), service, maintenance and repair of all types of battery-operated golf vehicles, carts as well as trolleys.
• We are authorized agents for Yamaha; EZGO; Club Car; & Melex golf carts.
• We are the Overberg /Boland agents for Golf Tronic’s suppliers of Motocaddy; Powakaddy & Hill Billy ranges of walk behind battery operated trolleys.
• Our services include new batteries [Lithium & Deep cycle]; full cart refurbishment; fleet rental; the supply of parts.
• We have a fully equipped workshop in the Industrial area of Hermanus.
• The company has 3 full time employees and does, from time to time, contract out selected functions.

Building the brand.
Our slogan “Passion Pride & Service” is central to who we are.
- Since our competitors are based in the Cape Peninsula, we have a significant advantage in being present and available locally.
- Typically, the market has been characterized by poor service levels, compounded by inferior workmanship.
- We have focused on building relationships with clubs and their respective memberships by delivering superior service, backed with quality technical skills at fair value.
- We sponsor and actively participate in events at clubs giving us the opportunity to develop key long- term relationships.
- we focused on supplying our services in the Overberg area. although this area can be expanded to include the whole of Boland as well as certain clubs in the greater Cape Town Metropol.
- We are active at Hermanus; Arabella; Kleinmond; Theewaterskloof; Worcester; Roberston; Swellendam; Durbanville; Atlantic Beach; Langebaan to name some.
- Our major marketing and sales efforts are based on creating a positive experience for our clients and word of mouth.
- To date we have an active client base of approximately 550 clients that is growing steadily. The majority would be classified as affluent, the A-B income groups.
- We estimate our client satisfaction rating to be in excess of 90%
- We are active on most social media platforms.

It has taken time & effort to build a credible brand and gain the trust of our clients. We have done this by incrementally increasing our range of services & our technical skills.
The results of these efforts are evident.

Salient financial information.
- Annual turnover R2.3 million. This is expected to increase to R2.8 million by the end of 2023.
- Average gross margin 40%.
- Monthly operating expenses R60,000-00
- The business is profitable.

The seller is prepared to provide ongoing assistance, as required, to the new owners. This will include referring new business as well as maintaining existing relationships as needed.

There are significant cross-selling opportunities for our client base.
If you are looking for a profitable business in Hermanus please contact me.