Sectors / Category

Annual turnover

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  • Mandate: 34214
  • Added: 11 Sep 2020
  • AFS
  • 91

Real-estate agency

North West, North West
91
Mandate 34214
Added 11 Sep 2020
R 500,000* ZAR
Stock: R 0
Assets: R 0
R 18,576 ZAR
Dierk Wenhold
(PRINCIPAL)
Aldes Imperial
North West
North West
Summary

Well known real-estate agency franchise for sale in Klerksdorp

Real-estate agency
SELLING PRICE AFS
R 500,000* ZAR
Stock: R0
Assets: R0
R 18,576 ZAR
Summary

Well known real-estate agency franchise for sale in Klerksdorp

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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?
since 2005

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?
yes

What VAT documentation is on file?
Current Year

Are there up-to-date Management Accounts available?
Yes

What Balance Sheet and Income Statements are available?
Statements are up to date

What percentage of the business is cash/credit?
100% Cash

What is the age analysis of the debtors book?
N/A

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?
No

What is the total staff complement?
Two

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?
No

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?
N/A

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 %?
8%

What are the trading hours?
08:00 to 17:00

What is the square meters of the business?
60

Is a copy of the lease available?
Yes

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?
Office equipment

Are any items not included in the sale?
All assets will form part of the sale.

What is their overall condition?
As new.

Do any require repairing?
No

How have they been valued ?
Replacement cost

Which assets are on lease/HP and with whom?
Samsung Copier

Are copies of agreements available?
Yes

Are they presently insured?
Yes

Strengths?
Very Strong and loved franchise franchise with good traning and support with an an excelent system in place.

Weaknesses?
Can be labour intensive.

Opportunities?
There is scope for massive growth on the rental book and turnover can increasae alot if the sales department is activated.

Threats?
non identified

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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FRANCHISE DETAILS

Aldes Imperial

1 members
9 active mandates
North West
3 Arendweg
0299

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