Frik Liebenberg Business Brokers and Liquor License Consultants, is the oldest business brokers in the Vaal Triangle and operates mainly in the Vereeniging, Vanderbijlpark, Meyerton and Sasolburg areas.
Business Broking is regulated by the Estate Agency Affairs Board. Frik Liebenberg is the principal and is registered with the Estate Agency Affairs Board since 1996 and is the holder of a national certificate: Real Estate, NQF level 5 certificate, and is a certified Business Broker Realtor (CBBR). (His valid Fidelity Fund Certificate is available on request.) In 1988 he completed the three year National Diploma Marketing and Sales Management.
He owned several businesses and has extensive experience in the liquor trade businesses and other retail businesses.
The seller or prospective buyer of a business can rest assured that we keep all information confidential. We meet the prospective buyer for a sit down meeting where all the buyer`s relevant information is recorded as required by the FICA act, act 38, 2001. The prospective buyer is required to sign a non-disclosure document prior to receiving any information of the business.
Prospective Buyers Interview.
All prospective buyers are interviewed to confirm their understanding of the buying process of a business, the working capital required over and above the purchase price, cash flow, legal and licensing requirements, the stock implications at time of hand-over, the impact of Section 34 of the insolvency act and the impact of the Labor Relations Act on the business buying process.
Screening of Prospective Buyers.
In our effort to find a willing and able buyer, we must be confident that the prospective buyer is able to buy taking into account the factors influencing the cost to purchase the business over and above the purchase price.
Valuation of a Business.
We can assist with the determining the market value of your business. A realistic market value of a business can save time in selling the business.
The Marketing of a Business.
A business must be discreetly marketed. It is preferred that at the marketing stages the staff and customers are not aware of the owners intention to sell. The staff is placed under undue stress, and incidents of low morale, theft and even resignations were reported. Once the negotiations reach a certain stage the staff are informed and reassured of their position in the business.
If the public is aware that the business is for sale, a perception can develop that the business is in trouble. It can influence the viability of the business. The suppliers also become nervous and future deliveries can be jeopardized. Some suppliers may close accounts with the business in order to secure their interest.
Negotiating the Sale.
We are trained to negotiate the sale in such a manner that the prospective buyer and the seller are not influenced by one another’s actions or egos.
Financing a Business.
From experience we have learned that to get finance on the purchase of a Business is extremely difficult if not impossible. The requirements for a Business loan is too stringent for the average small business. Financial institutions will also not finance the goodwill of the business. A buyer must have considerable own contribution in cash and ample security to offer. The business will not be considered security for the loan. If the doors of the business are closed, the business has no value except for the few rand of equipment on auction. A business loan can be payable over five years, which increases the monthly payments to such a figure, that the profits of the business is not enough the service the loan and to give the lender a reasonable income for cash flow and personal use.
You Can contact us:
Via email: firstname.lastname@example.org
Via Phone: 082 556 8368
Follow us on twitter: @licensingliquor
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