Ref. No - BFS935976

LocationSouth Africa, Western Cape

Ref. No - BFS935976

Sector - Services

Asking Price
R800,000
Monthly Profit
R 33,504
Asset Value
R 50,000
Stock Value
R 0
Yearly Net Profit
R 402,046

Summary

You don't have to be an Surfer to take over this business. Selling Price: R 800,000.00 Avg Profit Per Month: R 33,504.00 ROI: 50.3% Your team of trained surf instructors have the necessary experience to create unforgettable experiences for people of all ages, providing expert coaching, endless thrills and a passion for riding the waves. This business is equipped with surfboards, wetsuits and has great opportunity for growth and expansion in exploring new markets, developing partnerships with local tourism organisations and expanding your offerings to surf camps, competitions and more.

Give me more information

Fully describe the business's activities?

Surf School business offering surf lessons, surf rentals, surf trips and online surf store.

How does the business operate on a daily basis?

Bookings are made online or by phone at least a day before, and confirmed. The surf instructors then meet the clients at the designated meeting point at the set time with the equipment needed. The clients sign an indemnity form on arrival given to them by the instructor.
Once the clients have changed into the wetsuits, they can lock their belongings in the surf instructor's vehicle, and they head down to the beach to start the surf lesson.
After the lesson they rinse off at the showers and return to the meeting point.
After getting changed the clients can pay by card or pre-paid via EFT.
The surf instructor then packs up the gear and returns to the storage provided by the owner e.g. garage from home.

What Advertising/Marketing is carried out?

Google ads, Facebook, Instagram and online platforms.

What competition exists?

Only a few other surf schools in the area.

How could the profitability of the business be improved?

By expanding into corporate team building, increase in advertising/marketing, and opening a shop front for rentals and passing trade.

Give a breakdown of staff/ functions/ length of service?

Owner operator (bookings) - 10 years.
Head surf instructor (transporting equipment, meeting clients, and conducting surf lessons) - 7 years.
Surf instructor (conducting surf lessons) - 2 years.

Do any have management potential?

Yes, the Head Instructor has potential

How involved is the Owner in running the business?

Owner operator, managing finances, bookings, advertising, equipment, and online store.

When does the current lease end?

Owner currently running a remote business from home, so no lease involved

What are the trading hours?

Dependent on bookings as per student availability and surf instructor available booking openings, can be early hours, during the day, early evening or even late evening

What are the main assets of the business?

Details to be shared with approved buyers.
- Google business listing with high ranking and excellent reviews.
- The business name and geographical location
- Relationships with surf equipment suppliers to purchase at dealer/wholesale prices.
- Equipment - Surfboards and wetsuits (value of approx. R50 000).

Strengths?

Well established and running for 10 years.
Existing and repeat clientele built up over 10 years.
The website - high ranking on google which generates bookings organically.
Long business relationships and agreements with surf equipment suppliers to purchase at dealer/wholesale prices.
Equipment - Surfboards and wetsuits.
Low overhead costs.
Experienced and trained surf instructors on call.
Guaranteed income and growth potential.

Weaknesses?

Seasonal business (high season October to April)

Opportunities?

Opening a shop front store
Expanding into corporate team building bookings.

What is the reason for the sale?

Owner emigrating to be with family.
Location

Contact | Enquire

Michael

Michael Mey

LocationSouth Africa, Western Cape

Preferred method of contact

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