Fully describe the business's activities?
Realestate rental and sales
How long has the business been established?
The business has been opporationl for 15 years since 2005
How long has the owner had the business?
How does the business operate on a daily basis?
Proprties are advertised and agents atted to property viewings, rental applications, property management maintenance and rental recovery
How are the clients attracted to the business?
advertisements on property websites and other property portals.
Does the business have any contract work?
all property rentals are contract based
What competition exists?
other estate agencies
Is the business VAT Registered?
What VAT documentation is on file?
Are there up-to-date Management Accounts available?
What Balance Sheet and Income Statements are available?
Statements are up to date
What percentage of the business is cash/credit?
What is the age analysis of the debtors book?
How could the profitability of the business be improved?
The Klerksdorp branch is not actively persuing property sales at this time and the rentalbook can be grown
Is Seller finance available and for what amount?
What is the total staff complement?
Give a breakdown of staff/ functions/ length of service?
One office administrator and letting agent and one office cleaner
Do any receive special perks or incentives?
the administrator recieves a small cell phone allowance.
Are they on contract?
Yes employment contracts are in place
Do any have management potential?
How involved is the Owner in running the business?
The owner is verymuch involved but the duties can be easily be taken over by appointing a office manager.
Any special arrangements for the staff related to the Covid-19 pandemic?
When does the current lease end?
31 October 2023
Is there an option of renewal & what period?
Yes 5 years
What is the annual escalation %?
What are the trading hours?
08:00 to 17:00
What is the square meters of the business?
Is a copy of the lease available?
Do you require a licence?
Registration with the EAAB
What lease deposit and/or other surety is required?
Two month deposit and surety by business owner.
What are the main assets of the business?
Are any items not included in the sale?
All assets will form part of the sale.
What is their overall condition?
Do any require repairing?
How have they been valued ?
Which assets are on lease/HP and with whom?
Are copies of agreements available?
Are they presently insured?
Very Strong and loved franchise franchise with good traning and support with an an excelent system in place.
Can be labour intensive.
There is scope for massive growth on the rental book and turnover can increasae alot if the sales department is activated.
What is the reason for the sale?
The owner has a franchise in another town and wants to focus on that business.
Why is this a good business?
This business has massive growth potential and can be a source of a solid sustainable income.
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Annual Turnover Amount between R 500 thousand and R 6 million