Services

Mandate Businesses for Sale Qualify Buyers Complete Market Valuations Assist Buyers In Obtaining Finance Due Diligence Drafting Offers to Purchase Negotiations between Buyer and Seller

MANDATES

1. Mandates are treated confidentially. At the least, Income statements and balance sheets for the twelve months preceding the seller’s instruction to market the business must be furnished to us together with the mandate document.
2. Businesses are mandated by painstakingly ensuring that same is obtained in writing, whether it is a sole mandate or an open mandate. This practice manifestly avoids potential confusion. The seller’s identity is established and verified at the time when the mandate is granted.

QUALIFY BUYERS

1. Purchasers are met personally. This is done to ascertain, through our extensive know-how, the purchaser’s objective and seriousness in respect of acquiring the business. Inquiries are made about the source of the purchaser’s finance.

2. Various information is obtained from the purchaser namely;
2.1 the type of business, industry that is of interest to the purchaser;
2.2 the price that purchaser is prepared to consider;
2.3 the decision-maker;
2.4 the method by which the purchaser will finance the business;
2.5 Confirmation of the purchaser’s identity and residence.

3. Details relating to the business are communicated to a prospective buyer upon him/her signing a confidentiality agreement and upon receipt of the purchaser’s identity document. This is done with the unambiguous need to continually maintain the dignity of the business while ensuring that the purchaser liaise with us only.
MARKET VALUATIONS.

MARKET VALUATIONS

1. Businesses at market value
2. Calculate via Profitability, Location, Rent, Security, Equipment, Establishment, Staff, Lease Period (if applicable), Working Hours, Goodwill of Business (and others), Properly Audited Documents, Licenses.

ASSIST BUYERS IN OBTAINING FINANCE

1. We will assist serious buyers to obtain finance from financial institutions to purchase property/ business and finance and structure a financial package which is competitive in existing market conditions by approaching select financial institutions.

2. Submit application to bank with supporting documents. We will submit application on behalf of the buyer, if we are satisfied with the following:
a. 50% Cash on Hand or Bond;
b. A Signed Offer to Purchase

Financial Institutions Requirements are generally as follows:

1. Audited Income Statements, Balance Sheets for a Minimum of Twelve Months;
2. Business Bank Statements for a Minimum of 12 Months;
3. Lease Agreement between Seller and Landlord;
4. Offer to Purchase signed by Seller And Purchaser;
5. Breakdown of Staff And Management Salaries;
6. Franchise Agreement (if applicable);
7. Assets Register (by an auctioneer);
8. If CC/Pty then CK1/ CK2 or Company Details and names of Members/Directors;
9. Cash on Hand of Buyer;
10. Other Details may be required by the Financial Institution.

DUE DILIGENCE

1. Fully- inclusive financial and other analysis into the purchase of the business on behalf of the purchaser.

CONTRACTS

1. Preparation of sale agreements, addendums.
2. Determine the consequence of the following contracts:
2.1 Lease Agreement;
2.2 Employment Agreements with employees;
2.3 Hire-Purchase Agreements;
2.4 Franchise Agreement (if applicable).

NEGOTIATIONS BETWEEN BUYER AND SELLER

1. Liaisons between the relevant parties in respect of terms and conditions pursuant to the verbal discussions, all of which is reduced to writing on the relevant contract.