Setting up a business in South Africa - Business Brokers
Business brokers can act for the seller of a business as well as the buyer of a business. The below links focus on a business brokers services they provide for buyers.
Business brokers acting for the seller.
Business brokers acting for the buyer.
What should I look for in business broker helping me to buy a business?
What does a business broker when appointed by the buyer?
Buying a business - professional assistance.
Business brokers acting for the seller
Traditionally business brokers are associated with acting for the seller of a business. They are mandated to market and sell, for the best price terms and conditions the sellers business for which they are rewarded normally by means of a commission payment based on the sale price.
Loosely speaking this process is akin to purchasing a property through an estate agent, although you deal directly with them they do not act for you but act for the properties seller.
It is more and more common place for the purchaser of a business to employ the services of a business buyer. These can go by any number of names but in essence it is a professional person who acts on behalf of you, the purchaser, in reaching an agreement to purchase a particular business.
Many businesses do fail in the early years due to any number of reasons:
Inadequate financing
Lack of experience
Market conditions
To name but a few…..
However many fail simply because they did not buy right!
It goes without saying that first time and inexperienced business buyers should seek the services of a professional on their side but even experienced business people will employ a business broker in buying a business.
This rationale can be further justified for people who have spent time outside of South Africa or are immigrants. In both cases having a professional ‘on the ground’ could prove vital.
It is probably better to start with what they don’t do. They cannot do the search for you, they can give you the tools to start the search but it is something the buyer must carry out.
They also cannot find the right business for you, ultimately this is the buyers decision but they can help to ensure that the decision is based on sound decision making principles, that the price is fair and legal provisions are taken care of.
Brokers roles can vary according to their service offering but can include:
Tool kit for helping you search
Assistance in compiling the offer to purchase
Due Diligence
Legal formalities
Appropriate company structure
Business planning
Budgeting
It is also sometimes worthwhile to have a buffer between the purchaser and seller, often bad news or hard negotiations have to take place. As the seller will often be staying on for a period to help train the buyer it is important this relationship remains good.
It should be reminded that even when employing a business broker to help you make a decision the final say always stays with the buyer.;
The above article was contributed by Nico Le Roux of the Incompass Group. Incompass provides a one stop service for returning South Africans that are considering setting up their own business. They are able to assist with Company formation, business plans, due diligence, marketing strategies and tax structures.
Best Business Oppotunity At Powerpack we provide a complete turnkey business for entrepreneurs wanting to enter the sign industry.
Biz Net Business Brokers Professional business brokers dedicated to listing businesses for sale in South Africa at the right price.
Biznet Business Brokers BizNet the business broker company, for businesses for sale in South Africa and businesses to buy in South Africa.
BizOpportunity.co.za Brings you the best in business opportunities that are available in South Africa and internationally including money making tips.
Biztrader Provides a portal to buy and sell businesses and business opportunities.
Bruepact Business Brokers Business brokerage in KwaZulu Natal. Helping clients to buy and sell businesses and provide consulting services to ailing businesses.
Business for sale Cape Town South Africa Buy or sell a South African business, investments and franchise opportunities. Search our comprehensive database, tailor-made for South Africa. Resour
Business Links Sponsored by Pretoria Business Brokers. Buy or sell a business.
Businesses for Sales - Pretoria Business Brokers Buying a business? Brokers and marketing in Gauteng, South Africa Tel 082 061 5084
This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Businesses Listings Complete details on businesses for sale in South Africa and paid listings to display your business, franchise or business opportunities.
Buy A BusinessSouth Africa's online marketplace for businesses, franchises and investment opportunities.
Chrysalis Business Brokers Garden Route business brokers. Do you want to buy or sell a business in George, Knysna, Plettenbergbay,or Mosselbay? Contact us for professional assistance..
Consortium Oppportunities At Pretoria Business Brokers - buy a business, sell your business, brokers and marketing - Gauteng, South Africa 012 361 0576/08.
Franchise Brokers PretoriaPretoria business brokers -buy a business, sell a business, brokers and marketing - Gauteng, South Africa
Franchise Opportunity in South Africa - Best Pies Buy a business franchise. Pretoria Brokers are proud to announce that we have been given the mandate for the marketing of the Simple Simon pies franchises for the whole of South Africa (excluding only the WersternCape).
FS-Group Business brokers financial solutions group operates mainly along the coast between MosselBay and East LondonSouth Africa.
PIB brokers property Property information and business brokers in South Africa and international. Marketing commercial, business,residential and farm land.
Triangle Broking Services We are business brokers and consultants located in Cape Town and cover the Western Cape area.
Westcon Business Brokers Businesses and franchise for sale on the HibiscusCoast, Kwa-Zulu Natal.
The above article was contributed by the Incompass Group. Incompass provides a one stop service for returning South Africans that are considering setting up their own business. They are able to assist with Company formation, business plans, due diligence, marketing strategies and tax structures.
This is a non commercial site, we don’t even have a bank account! We rely on our partners for content and ideas. Meet them here and learn how to become a Home-Bru partner. Read More
Win a Wicked T-Shirt
Fed up with all the negative stuff about SA? Send us your favorite good news story and win one of our wicked t-shirts! Read More
