Frik Liebenberg Business Brokers and
Liquor License Consultants
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.
Confidentiality guaranteed.
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.
No financial institution will finance a
business with a 100% loan.
Liquor licensing services
- Applications for new Liquor Licenses. (Both under the National and Provincial Liquor Acts.)
- Applications for transfer of Liquor licenses.
- Applications for appointment of Managers
- Applications for Catering or Occasional Permits
- Applications for alterations and extension of licensed premises.
- Applications for a Micro Manufacturers Liquor License.
- Establishment of new Liquor related businesses from the lease agreement, application for a Liquor License, equipment, stock and finally opening of the business.
- Assistance with the purchase of a Liquor Related or other Business. This includes a Purchase agreement, transfer of the Liquor License, hand over procedure of the new business and advertisements in terms of Section 34 of the Insolvency Act of 1936 (as amended).
- Valuations of a Businesses in term of acceptable procedures to determine the market price that a willing and able buyer will be prepared to pay for a business under current conditions.
- Liquor License related advice is free of charge.
Please visit www.businessexperts for all your business broking needs or a full list of businesses for sale in Vaal Triangle.
