Are you a Business Owner?
Set up your Private Seller Account and create your listing todayGet Started Here
BEE Partner sought to acquire a 51% share, with the future Net Profits shared, or a buyer might wish to buy the full 100% share of the owner.
MICT & Services SETA Approved - Microsoft, Project Management & Soft Skills Training, across SA (incl Durban, Gauteng & Cape Town). The majority of clients are Individuals & Business Employees, while a BEE partner would ensure an increase in Corporate Clients & Net Profits.
The full Sale Price would be R2.2m or a 51% share at R1.1m (which is the Sellers choice).
The owner & wife's benefits are added-back, then a replacement cost of R132 000 pa for the wife is added to the expenses to obtain a zero base/ true net profit for the business,.
The Report indicates results as at Feb 2019, but they are actually this years projected income/expenses inclusive of the effect of the first year with a BEE 51% shareholder. The NP for the year is projected to come out at R561 451 (an increase over the R390 000 odd without the BEE partner) while the following year should achieve a NP of R0.9m. These NP's would be shared between the two parties or be available in total to someone purchasing the full 100% shareholding.
National co, covering Dbn & Jhb
If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.Sell Your Business