The Real Estate was started during the recession of 2008 when the owner realised that a living could not be made as an agent for an established agency. Since then they have established themselves as a niche operator in the area specialising in sales, rentals and management services.
The company has remained small and personal, and delivers professional, efficient service to their clients.
The owner is the principal and she has one intern responsible for rental and property sales. In addition there are two part-time employees (mornings only) responsible for administration and office support.
The Company has 3 divisions - Sales of Residential Properties, Residential Rentals, and Sectional Title Management. Revenue is split equally between sales and rentals ensuring that at least half of current income is annuity income.
They have active sales mandates of approximately R 7.0m at any given time. This is an ideal opportunity for a senior estate agent working in the industry to get into their own business and aggressively grow this agency. Alternatively, the owner, who is planning to emigrate, is willing to work with whomever acquires the business if they do not already have Principal Estate Agent status.
EBPITDA 2017 - R 595, 839.00
R.O.I. - 108%
Payback - 11 months.
Price excludes VAT but transaction can be zero rated depending on terms of sale. Please contact listing broker for more information.