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Leading Franchised Real Estate Agency Location In Sandton For Sale

Sandton, Gauteng, South Africa
Asking Price:
R2,000,000
Sales Revenue:
R26,000,000
Cash Flow:
R500,000

PROPERTY ESTATE AGENCY – SANDTON

SELLING PRICE: R2,000,000.00 FOR 50% SHARE

TURNOVER: R26,000.000.00 PER ANNUM 3 YEAR PROJECTION

NETT PROFIT: R5,600,000.00 PER ANNUM PROJECTION 3 YEARS

DESCRIPTION: This unique opportunity offers a 50% share for an newly established Estate Agency Franchise in a prime location of the Sandton Area. The success of this Property Group has been from partnering with the right people hence the opportunity for a new entrant to take up the challenge. This opportunity provides new Investors a fully set-up infrastructure to grow a successful and profitable business with the support of a team of motivated Agents who are trained and equipped. Training is provided by by attending regular in-house training initiatives and online training courses. According to the “Lightstone Report” a volume of 5,886 properties were sold in this area during 2022. Conservative projections have identified that by capturing a 4.7% market share in this demarcated area would generate a cumulative Net Income before Taxation of R5,6 million. The focus is around spending more time building real relationships with clients so that everybody wins. This Franchise offers world-class products that have completely changed the way business is conducted, translating into better, faster, extraordinary customer experiences. In-depth market knowledge, property experience and expertise ensures sales team offers clients true value.

Contact MICHAEL now.

Property Information

Real Estate:

Lease

Lease Terms:

5 year with option to extend

Leasehold Rent:

R43,000 per annum

Lease Rent:
per sq ft per annum
Living Accommodation:

No

Location:

Heart on Sandton

Premises Details:

Leased Offices with boardroom and agent sales offices

Size in square feet:
350m2
Planning Consent:

No

Business Operation

Expansion Potential:

Starting at ground level, whole area available to market from Houghton to Fourways.

Competition / Market:

other Franchised Agents

Reasons for selling:

Not Selling, looking for 50% investment partner.

Trading hours:

8am to 5pm

Employees:
6
Years established:
1 year

Other Information

Support & training:

Excellent training schedule form Franchisor

Financing available:

Yes, payment option of quarterly tranches

Furniture / Fixtures value:
R300,000
Inventory / Stock value:
R10,000
Relocatable:
This business can be relocated.