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Property Administration Services, Sales and Rentals
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PROFILE |
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Description: |
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The business is centrally located in a prime location and
most of the trading derives from a well-established client base. Their services encompass every aspect of property administration, property sales and rentals. Active in levy collections, administration, secretarial and advisory, financial administration; insurance and claims administration, repairs and maintenance administration, property sales, and property
rentals. They generate leads via social media and their interactive websites. |
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Industry / Sector: |
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Business Services |
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LOCATION |
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Western Cape RSA |
| City / Town: |
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Cape Town Metropolitan : Coastal Town CBD |
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Location / Area: |
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Well-established in Western Cape, Overberg, Hermanus and Agulhas |
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Metro Proximity: |
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Cape Town. It should be possible to commute from this metro city to the business location. |
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Portability: |
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Option to purchase the property and the buyer also has the option to relocate the business |
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PRICE |
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Asking Price: |
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R 7 950 000 |
| Conditions: |
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The asking price includes fixed assets valued at R350,000
Offers above R7.5m will be presented. |
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FINANCIAL & OPERATING INFORMATION |
| Turnover: |
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R 578 378 per month
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| Profit: |
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R 208 658 per month
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| Annual Return: |
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31
% per annum
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| No. of Staff: |
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12 |
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Year Established: |
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2000 |
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Legal Persona: |
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Private Company (Pty) Ltd |
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Other Information: |
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DISCLAIMER REGARDING INFORMATION
- No representations or warranties, expressed or implied, is given as to the accuracy or completeness of the contents of this profile.
- The only representations and warranties that will be made are those that may eventually be included in a definitive agreement to the proposed sale of the vendor's interests in the
business.
- Neither this profile nor any of the information contained in it shall form the basis of any contract for such sale, nor does it constitute an offer, invitation.
GENERAL INFORMATION
- The business is owner-managed, with duties delegated to experienced line managers.
- The premises are owned by the seller in a separate entity and the existing lease has 5 years with a renewal option of 5 years.
- The price also includes the cession of contracts/services, but excludes debtors and creditors, that will be collected and settled by the seller. The final cash price will be determined on the take-over date and recorded in the sale agreement.
FINANCIAL INFORMATION
- Detailed financials will be made available to approved buyers at a personal meeting with the seller and the seller assures that he can verify all trading.
- The financial information reflected above is based on turnover, gross profit, expenses and net profit figures provided by the seller. The EBIDTO has been calculated and based on the seller's information, using the EBIDTA principle prior to deducting the owner's costs.
POTENTIAL
- The business requires a pro-active owner that can add value to the business, possibly wishing to change their lifestyle and relocate from up-country to the Cape and it's bouyant economy.
- The business principal and trading entity need to be registered with the PPRA (Property Practitioners Regulatory Authority).
- The Business may also be manager run, should the shareholders' wish to manage that way.
- Moving the business to another area is also a possibility.
REASON FOR SELLING
- The owner wishes to consider and investigate other opportunities.
- The seller has built the business to a point that he can pass the reigns and client bases to a suitable experienced entrepreneur.
HANDOVER
- The seller is prepared to assist the buyer for a hand-over period, subject to negotiation.
PROOF OF FUNDING REQUIREMENT
- Interested parties MUST be able to demonstrate that they have access to the required funds to finance a cash transaction purchase.
- In terms of the broker's mandate, the seller will not entertain any discussions, or consent to provide any details or documentation; or accept any offer unless you first meet
this criteria.
- The potential buyer will need to provide proof of these financial requirements in your initial inquiry.
FULL DETAILS WILL ONLY BE PROVIDED BY THE APPOINTED BROKER
SUBJECT TO SIGNING A CONFIDENTIALITY AGREEMENT (NDA).
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Record ID: 2883
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