PRICE RANGE: Between R20, 000, 000 and R30, 000, 000
REASON FOR SELLING: Lack of manpower
WHAT TYPE OF INDUSTRY IS THE BUSINESS IN? Not Applicable
WHERE IS BUSINESS OR PROPERTY LOCATED? KZN - Durban
Is This A Sale Of Business Or Property? Business
SELLING A PROPERTY OR SHARE IN A PROPERTY
What Type Of Property Is It? Residential Sectional Title
What Is The Estimated Annual Net Rental Yield On The Property After Expenses? 11%
When Do The Majority Of The Leases Expire? 5 year expiry
Are There Any Major Upgrades Or Repairs Needed Eg. Airconditioning, Lifts, Concrete? Yes, required immediately
Are Fully Approved Building Plans Available? Yes
SELLING A BUSINESS OR STAKE IN A BUSINESS
What Annual Earnings Is The Business Generating? Between R400, 000 and R800, 000
What Financial Information Is Available To Review? (Only Disclosed To Serious Buyers) Audited Annual Financial Statements with full audit trail
Is Management Available To Ensure A Smooth Transition? Only senior management is available
How Many Multiples Of Annual Earnings Are You Selling The Business For? 5 years profits
Is Existing Owner Prepared To Draw Up And Sign A Restraint Of Trade No
Is Existing Owner Prepared To Draw Up And Sign A Binding Partnership Agreement Incorporating A Buy Out Clause? Yes
Does This Opportunity Require A BEE Investor? Yes
What Percentage Stake Are You Selling? 51% - 75%
Is There An Option For The Buyer To Purchase The Entire Business? Yes, but not for a few years