Guide On How To Become A Golf Car Dealer -EDACAR EV

Guide On How To Become A  Golf Car Dealer

Grow with the global leader

As a Edacar dealer, you'll be putting your business name next to a world leader. Admired for its legendary Quality, Durability and Reliability (QDR), Edacar has always advanced the standard in golf cart/LSV technology. Each vehicle is designed to delight customers with a unique motoring experience and Edacar promises its customers to deliver QDR experience in all stages.

With Edacar's expertise in dealer training and world class infrastructure support, you'll experience the same delight as our customers. Together, we aim to consistently deliver on our promise of putting "Customer First".

In order to expand international market and provide better service for global customers, Edacar EV Sincerely invites partners to join us for a win-win future.

Guide & Requirements To Become An Edacar Dealer

- Assessing Customer Needs

1

Perform market research. The first step in any business venture is to determine if there is a demand for your product or service. Once you determine the demand, you need to consider how your company might attract some of that customer demand.

• Determine the number of golf cars sold in your area. Assume, for example, that the typical golf carbuyer is willing to visit a dealership within 10 miles (16.1 km) of their home. Try to determine the number of golf cars sold within a 10-mile radius of your proposed golf car Assume that 5,000 golf cars are sold in that area each year.
• Once you know the total number of golf cars, research those purchases by category. For example, how many golf cars are purchased, compared to cars/electric vehicles? What percentage of the golf cars sold are new, and how many are used? You may even be able to determine the number of golf cars by model (EZGO ,Club car ,Evolution ,Edacar ,Breezy ev,Yamaha ,Icon ....)
• Assess the existing golf cardealers in the market. Say, for example, that 3,000 new Edacar golf carts are sold in your area each year. You’re considering a Edacar How many existing Edacar dealers are in your area? Of the Edacar sold, how many were purchased by consumers who went online and bought a new golf car from a dealership located out of town?
• This analysis will help you determine if there is a need for a new dealership in your market.

2

Determine your ideal customer. Every business needs to identify their ideal customer. Your ideal customer is a summary of the traits that your best customers have in common. When you identify the ideal customer, you can design your business to meet their needs.

• Look at the age, gender, occupation, and income level of the customers you are trying to attract. Assume that you want to open a Edacar Do some research to determine the type of people who buy a Edacar golf cart.
• You may find that the ideal Edacarcustomer is a male between the ages of 35 and 70 years old. That customer is a white-collar professional with an above-average level of income. The Edacar customer has owned a golf cart previously or has a family member who owns a golf cart.
• Many golf cardealers build relationships with customers by selling golf cars and providing a service department. Some customers go back to the golf car dealer to get service on their vehicle.
• Find out where the ideal Edacarcustomer gets their golf car Do they go to their dealership, or to their local repair shop? This information can help you create a service department that will attract customers.

3

Calculate the size of your market. The goal of your dealership market research is to determine if there is sufficient demand for your product. Ultimately, you need to know the dollar amount of sales for your product, and estimate how much of that customer demand you can attract.

• Assume that 3,000 new Edacarare sold in your area each year. You’re also considering selling used Edacar, which generate 2,000 in sales each year. The size of your market is 5,000 Edacar
• Based on your research of existing golf cardealers and customer demand, you believe that your new dealership can attract 20% of the existing golf car That 20% figure would mean (5,000 new and used golf car sales multiplied by 20% = 1,000 golf car sales).
• Assume that the average profit per golf car(considering both new and used) is $500. If your dealership sold 1,000 golf cars, the business would generate (1,000 golf cars X $500 = $500,000 in profit). In addition, you estimate that your service department would create a $300,000 profit. The total profit for your dealership would total $800,000.

- Deciding What Type of Dealership to Open

1

Consider opening a franchise for your business. Nearly all of the larger golf car dealerships are franchises. In this arrangement, you are the franchisee who pays a fee to the franchisor. You also sign a franchise agreement to operate your business.

• To open your Edacardealership, you would need to complete a  process to become a franchisee. Edacar would require you to provide extensive financial disclosures to determine if you have the financial means to open and operate a Edacar
• The franchisor (Edacar) grants you the right to use the Edacarlogo and other marketing tools to operate a franchise. You will participate in local advertising and promotion of Edacar golf car The franchisor will also agree on a process to supply your dealership with Edacar golf cars.
• If you enter into an agreement with a popular golf carbrand, it gives your golf car dealership credibility in the marketplace. That credibility can help you generate sales. However, the franchise agreement includes many restrictions on how you can advertise and sell their golf car To comply with the franchise agreement, you need to follow the requirements.

2

Decide on selling new golf cars, used golf cars, or both. If you sell both new and used golf cars, you have the opportunity to serve two types of consumers. Selling to both markets, however, will require a larger investment of time and money.

• If you sell used golf cars, you will attract customers who want to spend less money on a vehicle. Instead of buying the $11,000 new golf car, for example, they may buy a $6,000 used golf car.
• Used golf cars typically require more service and maintenance. As you sell more used golf cars, you may be able to grow your service business.
• A growing number of customers shop for golf cars online. When a customer enters your dealership, they may have checked 4 or 5 dealerships to price a particular golf car. You may find heavy competition for new golf carsales, in particular. In order to drive total golf car sales, you may need a used golf car sales department.

3

Assess the need for a service department. Everyone needs to get his or her golf car serviced eventually. Operating a service department is a great way to build a relationship with a golf car owner.

• You can develop relationships with customers who bought their vehicle somewhere else. If you do a great job on their golf car, they may buy their next golf carfrom you.
• The need for service on your golf carcan be stressful. It’s inconvenient to be without a golf car while it is being repaired. Your great customer service can help reduce that anxiety.
• After you service someone’s golf car, stay in touch with the customer. Promote your golf carsales and service through emails and mailers. Your efforts will increase your chances of selling the customer a golf car in the future.

-Planning Your Finances

1

Add up the costs needed to start your golf car dealership. The typical golf car dealership may require millions of dollars to open and operate. Your biggest cost will be your inventory of golf cars.

• Floorplan refers to the cost of the vehicles you have on your golf car In addition to the cost of your floorplan, you’ll need to buy or lease property. You’ll build or renovate buildings on the property for your showroom and possibly for a repair department.
• If you operate a franchise, you will pay the golf carcompany an initial franchise fee. Once you’re operating, you’ll pay annual fees for your franchise agreement.
• golf cardealers also have to constantly train employees on new golf car features, so that they can explain those features to customers. You incur large costs for training.

2

Decide on how you will finance the cost of your dealership. Financing your dealership is a huge commitment. You’ll need to think golf carefully about how you will find the money to open your dealership.

• Most golf cardealerships finance their floorplan through a bank. The golf cars on the lot serve as collateral for the floorplan loan. A dealership may also incur huge costs to design and build its showroom and repair center.
• In addition to golf carinventory, you may need to hire dozens of employees. You’ll need cash to meet payroll each month.
• If you borrow money, you’ll need to provide sufficient collateral for your loan. You may need to pledge personal assets as collateral to obtain your loan. The bank will also need to see detailed financial projections. These projections will explain how your business will generate a profit and repay the bank loan.

3

Consider the regulatory requirement to start and operate your dealership. Your state, county, or city will have requirements to operate your dealership. Many of these rules are set up to protect the consumers who are making a large investment in buying a golf car. 

• Your state will require you to obtain a license to sell golf cars as your primary business. While individuals can sell golf cars to each other, a golf cardealer who sells many golf cars a year will need a license to operate.
• To build your dealership, you will need to get building permits from your city or county.
• Your state will require you to have several forms of insurance to operate your dealership. One type of required insurance is a surety bond. This bond is put in place to protect the golf carbuyer from any fraud related to a golf car