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We would like to assist you to sell your
business
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Our website is a
extremely effective and have many daily, high profile visitors from all
over the World who are very serious about buying
a business - and they normally have the money to buy. The fact that you are here right
now proves how effective we are Our
site is updated almost every day with fresh information and the way we display the businesses
information, the rating system we use and the fact that everything
is compact and clear, are all factors that appeal to buyers and make this
website one of South Africa's most popular business websites.
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Advertise your
Business: Business owners wishing to advertise their businesses
have an option of a R299 (2 months) or R499 (4 months)
advertising option. We display all relevant business details to the buyers
encouraging them to contact us. We will normally not show the name of your
business to secure your privacy. Click here to complete the information
form provided.
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Give us an Open
Mandate
Procedures to sell your
business
Step 1. Read this page and proceed to the
information
form. Complete the form and submit it to us. You will
automatically be transfered to the following pages-please do not
stop the process)
Step 2. Read the small Introduction
to the Open Mandate.
Step 3. Complete and sign the
Electronic Online "Open
Mandate" form provided. Save the document as per the
instructions, print, sign and fax the document to us to 0866 124
303.
Step 4. Advertisers ONLY: Deposit R499 or R699 as selected to enable us to place your listing on the
Internet.
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The listing
will be placed live on the Internet (on various business websites at the same
time) Your details will never be shared with any outside businesses and is
always handled in highest confidence.
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When potential buyers contact us regarding your business, such buyer is requested to
complete our Buyers
Declaration of confidence
and non-disclosure agreement. This agreement limits
the buyer from disclosing any information relating to your business
to any third party and not to speak to any of your staff
relating to anything that may be relevant to the purchase of your business.
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Upon receipt of the
Buyers
Declaration, we will reveal to the buyer your name, your
contact details and the address of your business.
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You will then have the opportunity to meet with the client and to
show him your business. If the buyer is interested to obtain more detailed
financial and other information, you may reveal
basic details to him.
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We do recommend that he should first make
an written "Offer to
purchase" before you give all your details or share any trade
secrets with a buyer.
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Only upon your acceptance of the written "Offer to
purchase" will the
Due Diligence processes start during which time the buyer can investigate and verify to correctness of
the financial information provided.
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A written sales plan and a time frame will then be negotiated with you and the buyer to secure a successful closing of the transaction.
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If the Buyer is satisfied
with the due Diligence, a contract shall be drawn up, a new lease negotiated, Franchisor approval
obtained (where necessary), Government Gazette adverts placed and finances arranged. Before
take-over the Buyer will do a stock-take with you.
PLEASE NOTE
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Advertisers: Payment MUST
please be made before listing
can be placed on the
Internet or before any marketing can start.
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Sole Mandates: Unfortunately
we cannot personally sell all
business listed with us and we therefore do not accept "Sole Mandates"
from everyone. We normally select the best priced and best
positioned businesses to sell
actively at a commission fee which is normally 10%. If we select your business
we will contact you to discuss the possibility of a Sole Mandate and fees
payable (Personal
Mandate agreement).
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