Exactly what documents will be needed from me to start the process?

September 21, 2015 Hansie Britz

 

Documents 1

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.
  • 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:-

  1. Letter from Franchisor stating that it has assessed the applicant in terms of its usual requirements.
  2. Business Plan including a financial plan.
  3. Personal Balance sheet of all prospective shareholders.
  4. Detailed CV – curriculum vitae of all prospective shareholders.
  5. Details on or proof of the source of the financial contribution by each shareholder to the venture.
  6. Detailed list of equipment to be financed.
  7. Cash Flow forecast for at least 36 months.
  8. Draft copy of the Franchise Agreement.
  9. Draft copy of Lease Agreement.
  10. Disclosure Document.
  11. Copy of bank statements for the last 6 months.
  12. Copies of any customer contracts obtained.
  13. Copy of CK1 — Close Corporations – or Company registration.
  14. Copies if ID’s for all shareholders and sureties.
  15. Proof of residential address.
  16. 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.