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OUR BUYERS OF TODAY ARE OUR SELLERS OF TOMORROW

 

As a full-service business brokerage, RENWICK offers a wide range of professional services thereby assisting both Sellers and Buyers of businesses to achieve their full potential through their business endevours. Some of the valuable services offered are:

 Seller's Information

To list your business for sale with RENWICK Business Brokers, we require the following documentation and information from you:

  • Our detailed and confidential "Mandate to Sell" document which can be faxed or e-mailed to you for completion.
  • A detailed Asset Register reflecting the second hand  value of such assets (not the balance sheet depreciated value or  the replacement value).
  • The last 2 years Financial Statements for your  business (signed by the Seller & Accountant).
  • The last 2 years VAT Returns.
  • The last 12 months Management Accounts (excluding  your personal expenses).
  • A copy of all licences necessary to run your business.
  • A few photographs of the business (optional).
  • A copy of your present Lease Agreement.
  • A copy of your Franchise Agreement (if applicable)

Very Important:

Should you not be in a position to fax or email the above information to us, and your business is located within 100 kms from one of our outlets, please give us a call and we will arrange for a representative to call on you.

Tip: If YOU were buying the business, what information would YOU expect?

DISCLAIMER

All information provided by the relevant broker will emanate from, and be certified by, the Seller. The broker concerned will not attract any liability whatsoever including any claims for damages should there be any errors, misrepresentations or erroneous information given by the Seller.

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Buyer's Information

RENWICK Business Brokers is the only brokerage that offers a FULL business broking service. Our services to you as the prospective Purchaser of a business include the following precautionary undertakings to assist and facilitate in the submission of loan funding applications but more importantly, for your protection.

  • Drafting of Memorandum of Agreement
  • Obtaining a Schedule of Assets from the Seller
  • Assistance with the preliminary Business Plan
  • Assistance with the preliminary Cash Flow Projections
  • Buyers Checklist (optional)
  • The collation of recent  History of Revenue & Expenditure of Business
  • Obtaining Financial Statements
  • VAT Returns and  Management Accounts
  • Obtaining of copy of current Lease Agreement and licences
  • Assistance with the assessment and authentication of profitability
  • Continuous interaction between the Buyer, Seller and Financial Institution

THE KHULA INDEMNITY SCHEME:

  • KHULA is a limited company and not a Government organization.
  • It is an empowerment  mechanism, not an enrichment mechanism.

Who qualifies?

Any South African Citizen who is wishing to go into business, or previously may have owned or sold a business.

The qualifying Criteria is as follows:

  • The applicant must be the Owner/Manager of the Business.
  • The Business must be within the borders of South Africa.
  • The Business must be economically viable and have profit motive.
  • The applicant must have a sufficient level of skill and experience directly related to the business, or alternatively must have access to such skills.
  • The applicant must have a minimum of 20% own contribution either in cash or in redeemable assets.

KHULA will provide 80% unsecured collateral on commercial business up to a maximum of R1 million i.e. R800k, and up to a maximum of R1 million on a manufacturing business i.e. a maximum selling price of R1.25 million.

EXAMPLE OF TYPICAL STRUCTURE:

Business purchase price: R750,000.00
Purchaser contribution: R150,000.00
Loan-funding required: R600,000.00
KHULU 80% Loan: R480,000.00 (unsecured)
Bank Risk: R120,000.00

 
The bank will now look to the Purchaser for collateral cover in the form of notarial bonds on assets of Business and/or properties as well as surrender values on insurance and/or investment policies to minimize their risk.

JIM RENWICK has enjoyed a 100% success rate over the past few years in respect of loan-funding applications submitted to the bank utilizing the KHULA loan-funding facility. Just another reason you should seriously consider using the services of RENWICK Business Brokers when wishing to purchase a business.

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Business Valuations

Should you wish a valuation on your business, please contact our Head Office on +27 31 266 5390.  Alternatively, email info@renwickbrokers.co.za or click on Outlets and find an agency closest to you.

RENWICK Business Brokers assures you of Service Excellence in Business Broking, Asset and Business Valuations.

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Business Seminars

RENWICK Business Brokers are the only Brokerage that offer HOW TO BUY A BUSINESS Seminars at NO charge with light refreshments served. These Seminars are considered important for ALL first-time Buyers so you're invited to attend whether buying a Business through RENWICK Business Brokers or not.

SEMINARS ARE PRESENTED IN YOUR AREA AND BOOKINGS ARE ESSENTIAL

(Please contact Head Office for details regarding dates and venues)

Topics covered include: 

  • Sale & Purchase Agreements
  • Lease  Agreements
  • Collating of Financials, Management Accounts, VAT Returns etc
  • How to value a Business
  • Available Finance (Loan-funding) options
  • How to do a basic Due Diligence

"HOW TO BUY A BUSINESS" BOOKLETS WILL BE AVAILABLE FOR R50.00

For bookings or further information, please call us on: +27 31 266 5390 or email us at: info@renwickbrokers.co.za

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