Exactly what documents will be needed from me to start the process?
Basically the following:
- Copy of ID Documents for all owners in the business.
- Copy of Founding Statement – if business is registered as a Close Corporation.
- Copy of Registration Certificate – if registered as a Company.
- Premises Lease Agreement.
- Copy of Franchise Agreement – if applicable.
- Offer to purchase – if applicable – purchase of a business / farm.
- Agreement of Sale – if applicable.
- CV of all owners / managers in business.
- Bank Statements – 3 months.
- Copy of VAT Registration – if applicable.
- Copy of Marriage Certificate – if applicable.
- Financial Statements – when available or purchase of a new business.
- Copy of latest property valuation – farming business.
- Equipment list – where applicable.
What you need for purchasing a new Franchise:-
- Letter from Franchisor stating that it has assessed the applicant in terms of its usual requirements.
- Business Plan including a financial plan.
- Personal Balance sheet of all prospective shareholders.
- Detailed CV – curriculum vitae of all prospective shareholders.
- Details on or proof of the source of the financial contribution by each shareholder to the venture.
- Detailed list of equipment to be financed.
- Cash Flow forecast for at least 36 months.
- Draft copy of the Franchise Agreement.Draft copy of Lease Agreement.
- Disclosure Document.
- Copy of bank statements for the last 6 months.
- Copies of any customer contracts obtained.
- Copy of CK1 — Close Corporations – or Company registration.Copies if ID’s for all shareholders and sureties.Proof of residential address.
- Copy of marriage certificate – if applicable.
What you need for purchasing an existing Franchise:-
- Copy of purchase and sale agreement.
- Letter from Franchisor stating that it has assessed the applicant in terms of its usual requirements.
- Business Plan including a financial plan.
- Personal Balance Sheet of all owners.
- Detailed CV of all owners and managers in business.
- Detailed equipment list.
- Monthly cash flow for 36 months.
- Franchise Agreement.
- Lease Agreement.
- Disclosure Document.
- Bank Statements for the past 6 months.
- Copies of any customer contracts obtained.
- Proof of Residence.
- Copy of marriage certificate.
- Audited annual financial statements.
- Latest management accounts.
WHAT DOCUMENTS DO YOU NEED FOR A FARMING OPERATION:
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Copy of ID Document – All owners in business.
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Copy of farm title deeds.
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Copy of lease agreement if not the owner of the farm.
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Resumes of all owners and managers in business.
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Proof of Residence.
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Copy of latest financial statements – if applicable.
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Personal Assets & Liability statement – all owners in business.
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Letter of Intent – where applicable.
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List of all equipment & values.
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Water rights certificate – if applicable.
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List of all personnel & their salaries.
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Copies of available contracts – if applicable.
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Copies of any available contracts.
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