Ref. No - BFS936267
South Africa, KwaZulu-NatalRef. No - BFS936267
Sector - Property
Asking Price
R1,255,000
Monthly Profit
R 77,853
Asset Value
R 0
Stock Value
R 5,000
Yearly Net Profit
R 934,239
Summary
Established for over 45 years. No royalties and no area restrictions
Give me more informationHow does the business operate on a daily basis?
The office opens every day (5 days a week) at 08h30 hours and closes at 1630 hours The Agents that are managed in the greater Durban area set up their own appointments and work on "deals" until concluded, and submitted to the Office
What Advertising/Marketing is carried out?
All done on social media platforms
What competition exists?
There are various Franchised Real Estate branches, but not too many independent agents active in all the areas, as they are not confined to a specific area.
How could the profitability of the business be improved?
Appoint new agents into growing areas such as Ballito. Hillcrest etc.
Give a breakdown of staff/ functions/ length of service?
Agents source and approach homestead owners and mandate the properties. The Selling process is then activated as far as bond applications, house visits by the potential buyers and selling documentation is written up.
Do any have management potential?
Unknown
How involved is the Owner in running the business?
The owner manages the portfolio and also sells actively.
When does the current lease end?
Unknown
What are the trading hours?
08h30 -16h30 hours Monday to Friday
What are the main assets of the business?
Office furniture with a switchboard system. Computers and printing facilities. Replacement value of approximately R20000
Strengths?
Due to the fact that this agency is independent, there are no areas or regions applicable. The agents can sell in any of the greater Durban areas. Well known as the business has been operational for over 40 years.
Weaknesses?
More agents would escalate the profitability of the business, as the agents work on a 50% commission basis
Opportunities?
Open ew "branches with in the northern and western regions. Expand into more rental contracts.
Threats?
Load shedding is always a deterrent to progress and productivity.
What is the reason for the sale?
The owner is considering emigration into an overseas country.
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