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PROFILE |
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Description: |
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An online business directory with a market place and Google Ads potential. It charges a monthly or yearly fee to list businesses on the site and offers a marketplace that charges a percentage on all sales done on the site. |
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Industry / Sector: |
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Business Services |
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LOCATION |
| State / Province: |
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Gauteng RSA |
| City / Town: |
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Johannesburg |
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Location / Area: |
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Johannesburg |
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Metro Proximity: |
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Johannesburg. It should be possible to commute from this metro city to the business location. |
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Portability: |
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Highly Portable - Can be operated from almost anywhere without much disruption of operations.
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PRICE |
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Asking Price: |
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R 4 000 000 |
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FINANCIAL & OPERATING INFORMATION |
| Turnover: |
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R 10 000 per month
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| Profit: |
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R 10 000 per month
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| Annual Return: |
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3
% per annum
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| No. of Staff: |
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0 |
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Year Established: |
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2020 |
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Legal Persona: |
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Private Company (Pty) Ltd |
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Other Information: |
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GENERAL OPERATIONS
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Can be self run as new businesses can register on their own and direct debits can be collected automatically. Businesses pay to be listed on the site for a monthly or yearly fee currently at R100 per business.
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PREMISES
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No premises needed as it is an online business and you only need web hosting.
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ASSET STRUCTURING
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Can sell the business with the business name or without depending on the buyer.
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STAFFING
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Currently it is run without any staff but a buyer can employ staff if need be to promote and increase profitability.
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NEW OWNER'S SKILLS and EXPERIENCE REQUIREMENT
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At least some sort of computer skills are required but you can hire people that are good in IT.
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MARKET and CUSTOMERS
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The site is on Googles first page and has been accepted by Google for Google Ads. Most customers have been with us for over 3 years.
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OPPORTUNITY for GROWTH
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We have not yet started advertising the marketplace but this is where business is going and a big potential of growth lies in this area.
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LIFESTYLE ISSUES
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Its a 24/7 business that can run in the background and might need monitoring and a sales team if one wants to go big.
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REASON FOR SALE
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The owner has other businesses and has no time to run this one or employ others.
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NON-DISCLOSURE AGREEMENT
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Any interested party will need to be prepared to complete and sign an non-disclosure agreement. Confidentiality could impact current customer relationships and for these reasons the NDA will specify the limitations on use of information supplied. This protects all parties involved.
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AVAILABILITY of AUDITED FINANCIALS
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The business has been running but not to it full potential. So not much to see when it comes to financials as it was initially run as a hobby.
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SALE CONDITIONS
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No warranties on profits as this will depend on how the buyer runs it.
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PROOF of FUNDING REQUIREMENT
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A potential buyer needs to demonstrate that they have access to the required unencumbered cash funds to finance the cash transaction portion of this purchase.
The seller will not provide any documentation, business details or financials and will not accept any offer unless the proof of funding has been provided.
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HANDOVER ARRANGEMENTS and TRAINING
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The owner will be willing to assist if the buyer needs help with initial operation.
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