Petrol Station Seller
Petrol Station Owners make drastic mistakes when selling their business and lose thousands of rands in the process. All their hard work and long-term investment go down the drain. Owning a petrol station, they had once dreamed of owning their own business and building it to success. They then plan to reap the rewards in the form of a successful business sale. Sounds like a great plan!
But, making the sale is not as easy as it may appear. Here are our three tips to help you avoid business sale pitfalls, disappointment and lost money.
Petrol Station Seller Mistake 1:
Not Planning Ahead or Waiting too Long to Sell – Waiting too long and not planning in advance, will cause several business owners to miss their window of opportunity. It takes an average of 1 to 2 years to sell a petrol station business. Therefore, long-term planning is vital to any successful business sale. By keeping updated records, an in-depth business history and sales portfolio on hand at all times, it will make your planning pay off.
Add to that the confidence the buyer will have in a petrol station purchase if they see there was a strategy for the sale and which is not driven out of desperation.
Petrol Station Seller Mistake 2:
Not Finding the Right Person to Represent Your Business – Finding the top-performing business broker to assist you to sell your business is crucial to your success. Often business owners go with the first business broker they meet simply to list their business and get the process going. This can cost you time and money in the long run. Within a few months, you’ll see no results and have to go on the search all over again.
Petrol Station Seller Mistake 3:
Asking Too Much for the Business – Setting a very high or unrealistic price tag on a business will result in a dead end street. Expecting to get top dollar for a business is simply using bad business sense. Take into account your industry, similar businesses for sale, the economy and your marketplace when pricing your business to sell.
So what’s the process? How would I begin?
RELAX and make contact with the “GO TO” business broker if you want it SOLD! Quickly, efficiently & expertly! Contact us now at +27 (0)72 560 8281 or email firstname.lastname@example.org for a confidential consultation. We’ll get to work immediately on your business to assess the most effective plan to meet all your objectives. We have helped many petrol station sellers achieve great success.
Cyrus Business Brokers is the largest petrol station for sale brokerage firm in South Africa. Let the Cyrus team assist to assure you receive the maximum value for your business with the absolute best chance of selling as quick as possible. Businesses we list successfully turns to SOLD!
What are the benefits of using a business broker to sell my business?
Confidentiality. Are you looking to do it in a way where neither your customers, employees, nor your creditors and suppliers know about it? WE CAN HELP! Our entire process is done confidentially where all pre-qualified buyers enter into our strict non-disclosure agreement prior to learning or receiving any information regarding financial details, location, documentation or information of any Businesses
Business Continuity. Selling a business is time-consuming for an owner, and with a dedicated Cyrus Business Broker, the owner can maintain a focus on running the business while Cyrus Business Brokers working on the sale.
Reaching potential buyers for Petrol Stations for sale in South Africa. Cyrus Brokers is the largest petrol station brokerage in South Africa. Promoting your business to our entire database with over 25,000 + potential buyers including our gigantic reach across the internet where buyers go to find petrol stations.
Petrol Stations for Sale in South Africa Marketing.
Cyrus Brokers have a wealth of experience when it comes to marketing and selling businesses. You benefit directly from our in-depth local market knowledge gained with over 50 years combined experience in marketing and transactional negotiation.
The balance of Experience. We have helped many business owners achieve great success selling their petrol stations. Businesses we list turns to SOLD!
Closing the Deal. With Cyrus Brokers you’re assured that the deal will be accelerated for closing. The faster the sale, the lower the risk the seller will have with employee issues, customer, and predatory competition.
Commission For Agent-Broker-Consultant-Adviser-Agency In South Africa
The Estate Agency Affairs Board (the EAAB). In accordance with Section 34 A of the Estate Agency Affairs Act 112 of 1976. Section 1(vi) provides that,
“…any person who for the acquisition of gain on his own account or in partnership, in any manner holds himself out as a person who, or directly or indirectly advertises that he, on the instructions of or on behalf of any other person sells……or publicly exhibits for sale…….any business undertaking or negotiates in connection therewith or canvasses or undertakes or offers to canvass a seller or purchaser therefore;…”
This implies that anyone who practices as a business broker-agent-consultant-adviser-agency in South Africa who is not in possession of a valid Fidelity Fund Certificate, disqualify from claiming any commission, consulting fee or referral fee on the relevant dealings if he/she/they do not hold a valid Fidelity Fund Certificate. Nobody is entitled to any commission, consulting fee or referral fee unless he/she/they hold a valid Fidelity Fund Certificate. Failing they are operating fraudulent and illegal.
We urge all business buyers and sellers to substantiate that the business broker-agent-consultant-advisor-agency you’re addressing, is in possession of a valid Fidelity Fund Certificate. Failure, therefore, could prove to be very costly!
If there is any doubt as to whether or not a business broker-agent-consultant-advisor-agency is registered or has been issued with a valid fidelity fund certificate, business buyers and sellers should not hesitate to contact the Estate Agency Affairs Board or your Attorney to confirm and verify the registration status of the business broker-agent-consultant-advisor-agency.
It is very important that business sellers ask for proof of the business broker-agent-consultant-advisor-agency fidelity fund certificate before offering him/her/them with a mandate or any info on a business which may imply a mandate.
All business buyers and sellers will have to properly account to SARS for any fees; and provide SARS with proof that the business broker-agent-consultant-adviser-agency they paid the commission, consulting fee or referral fee too, had a valid Fidelity Fund Certificate. Once more failure to do so could prove to be very costly!
If unsure please feel free to speak to your attorney or visit the Estate Agency Affairs Board website for more details. https://www.eaab.org.za/
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