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Entrepreneur - New Business
Established Dealership (Tenant) Needs to Buy Premises From Deceased Landlord's Estate
Posted by:
William Harris
on 1/18/2012 11:57:02 PM
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Funding Needed
:
$100k - $250k
Category:
Real Estate / Construction
Website :
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Location :
Pretoria,
All,
South Africa
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Description:
The Business:
Well established vehicle dealership in the northern suburbs of Pretoria, Gauteng, South Africa. Our dealership has been renting the property for 9 years without any default of any kind and we are in good standing with the Landlord (Propertry Owner), who has recently passed away. The dealership is well known in the area and registered with all the major financial institutions which provide financing to our customers.The dealership complies with local and national legislation pertaining to the industry and adheres to a strict code of conduct and business ethos. The business is owner operated.
The Property:
Well situated business property in an area known as Motor City. More details with regards to the infrastructure is available on request. Due to the sudden and unexpected death of the Property Owner, his family now needs to sell. The vehicle dealership has first option to purchase the property but needs funding. Due to the success of the business over the last 9 years, buying the property will be a good strategical decision for the business.
The Investor:
The property will be offered as surety, therefore there is no risk to the Investor. The fact that the business has been owned by the founder of the company and has verifiable financial statements adds to the attractiveness of this opportunity. The loan amount will be paid back over a ten year period at 10% interest per year.
Feel free to contact the Owner for any further or additional information.
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