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Listing ID: 1188763

12 Months Left on Franchise Agreement - Well Known & Established Property Rentals & Management Franchise in the Western Cape. For Sale

Western Cape, South Africa

R 2,200,000

Revenue: R 1m to 5m

Cash Flow: R 100k to 250k

Business Description

UNDER SOLE AND EXCLUSIVE MANDATE we are offering for sale this well known and deeply area entrenched property rentals and management franchise. The Franchise agreement has around one year left to run, after which the buyer is entitled to operate as an independent brand, or plug into a new brand.

There are in excess of 250 properties under administration. Rental book attracting over R100,000pm.

Huge scope to increase the turnovers even further.

Property Details

Years Established:

14

Property Type:

Lease

Other Details

Business Location:

Situated in a rapidly expanding part of the Western Cape is this franchise which services the entire area. Strand, Gordons Bay and Stellenbosch as well as Paarl are the neighbouring areas.

Premise Details:

Rented office space

Competition:

Estate agency industry always has fierce competition. But this one is well entrenched and has a great market share already.

Expansion Potential:

Huge expansion possibilities. Untapped into sales and commercial.

Document:

Operation Details

Employees:

5

Trading Hours:

Irregular but admin related is normal office hours.

Support & Training:

Franchisor has support.

Miscellaneous

Reason For Selling:

Seller REALLY has other interests

Contact this seller

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