Business for Sale -PROPERTY ADMINISTRATION SERVICES, SALES AND RENTALS- Under Offer

BRIEF OVERVIEW - The profitable business is centrally located in a prime location and most of the trading derives from a well-established client base. Well-established in Western Cape, Overberg, Hermanus and Agulhas Their services encompass every aspect of Property Administration, Property Sales and Rentals: Levy Collections; Administration, Secretarial and Financial Administration; Insurance and Claims Administration; Repairs and Maintenance Administration; Property Sales; Property Rentals contribute a major part of the revenue (undertaken separately in another company). They generate leads via social media and their interactive websites. Asking Price: R 8 million (includes fixed assets - R350,000) The asking price is marginally negotiable and includes fixed assets. Offers above R8 million will be presented. valued at R350,000. 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. Trading information: Annual Sales R7,3 million Owner Profit (EBIDTO): R3,335 million ROI 40% per annum (payback 3 years) 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 buoyant 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. ROOF OF FUNDING REQUIREMENT - Interested parties MUST be able to demonstrate that they have access to the required funds to finance a cash transaction purchase. FULL DETAILS WILL ONLY BE PROVIDED BY THE APPOINTED BROKER SUBJECT TO SIGNING A CONFIDENTIALITY AGREEMENT (NDA). Other Details: https://fairbro.co.za/.cm4all/uproc.php/0/Business%20Listings/Pro112-1_Website_Summary_Combined_Updated_2024-