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Business For Sale. Property & Real Estate - Western Cape (wc)

LISTING DETAILS
Firms For Sale ID:
31897
Vendor reference:
12257
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$128,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
The concept is a Franchise system in the property and letting administration of houses, flats, town houses etc. compatible with the industry leaders even though there is nothing quite like this concept in South Africa. It promotes an image of professionalism, quality and ambiance, which will attract franchisees and landlords and quality Rental Administrators.

The franchisor is looking for enthusiastic, self-motivated individuals who are committed to owning and running their own successful business. They must be ambitious, have a friendly personality and be dedicated to work hard at making their business successful.

The territory within which the Franchisee will be entitled to exercise its rights in terms of the Franchise Agreement is the geographical area defined as the territory in the Franchise Agreement Schedule. Should the Franchisee reach full capacity on the franchise on a consistent bases, the Franchisor will have the right to offer the first option of expansion to the Franchisee.
To date a total of 15 franchise areas have been established in South Africa.

The RENWICK Broker scaled down the expected income (sales) to only 60% achieved of the franchisor 36 months estimate but still based on 3 years average expenditure.
Based on scaled down income of R161 997 pm and costs of R99 627 net income could be R64 370 pm. Even if the income is scaled down to 50% or R134 998 pm is the net profit still R37 371 pm
The franchisee will be part of an exciting profitable business, with an almost unlimited customer potential.
For a total capital outlay of R128 000 will this yield an excellent investment return to the ambitious business driven individual.

For opening an office in your designated Franchise area you require assets of +-R63 000 ,consisting of signage, computer equipment and software, furniture and marketing stationary and a large wall map. The minimum requirements are a small satellite office in a commercial location.
A franchise fee of R25 000(special initial offer) will cover full training ,marketing plans and ongoing support .
Initial working capital of +-R40 000 is also required.
Total initial outlay is approx R128 000. It is assumed that the franchisee will have his/her own vehicle for work requirements.

Ample support and proven experience by the founder CEO in residential letting and the concept of franchising.
This concept is ideal for younger matured people with Grade 12 and higher qualifications that possesses drive and ambition to become self dependent.
Will also suit a family to work and manage the business together.
The concept is a Franchise system in the property and letting administration of houses, flats, town houses etc. compatible with the industry leaders even though there is nothing quite like this concept in South Africa. It promotes an image of professionalism