he 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:
Levy Collections; Administration, Secretarial and Advisory; 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.
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.
Option to purchase the property.
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.

he asking price is marginally negotiable and includes fixed assets. The price also includes the cession of contracts/services, but excludes debtors and Creditors, to be collected and settled by the seller