The company exchange Grönig & Kollegen AG sells a franchise company in the real estate brokerage sector.
The company in question was founded in 2006 as a franchise company of a market-dominant brokerage group with 4 locations in Thuringia. It was founded by the owner as a sole proprietorship, and has undergone a continuous growth process since conversion into a GmbH and the opening of three additional branches.
Due to a strong brand name, extremely successful marketing, the location and equipment of the representative offices as well as the professional demeanour of the employees on site, the company is seen as one of the most renowned and leading real estate brokerage offices in all Thuringia.
The company was to be sold for reasons of age, as no suitable successor could be found either within the family or among the employees. At the time of the sale, the business, with its total of 17 permanent employees and 20 freelancers, had a turnover of around 2.8 million euros per year, and an average profit of over half a million euros.
The offer portfolio basically includes the entire spectrum of the brokerage group. It thus ranges from the rental and sale of villas, single-family houses, terraced houses, plots of land and apartments to property sales in clearly defined target areas. The commercial sector ranges from industrial spaces and retail services through residential and commercial buildings to investment properties.
The sales process took place within 16 months, from the first contact to the transfer of ownership to the purchaser. After the company valuation, a conclusive sales memorandum was created. Since the company exchange Grönig & Kollegen AG has a high level of experience, extensive expertise and a very dense network of potential investors, several potential buyers were evaluated within a few weeks, and the further sales process was subsequently entered into with three interested parties. After several discussions and another period of four months, the decision was made to start the due diligence process with the future purchasers. After several rounds of negotiations, intensive coordination with the purchasers' advisors, the franchisor and not least because of the complex financing structure, the transaction process was successfully completed after a total of 14 months with the signing of the purchase contract. After meeting all the implementation requirements, the company then changed hands after a total of 16 months.
Supported by the fair and realistic expectations of both sides, the company exchange Grönig & Kollegen AG was able to complete the sales process as a win-win situation for both sides through close coordination and moderation of the negotiations, which led to an extraordinary degree of satisfaction on both sides.
The targeted personal acquisition by the company exchange, the very detailed and conclusive sales memorandum, the realistic assessment of the company's value, as well as the many years of experience and negotiating skills in the implementation of succession plans, led to the rapid and professional transfer.
For the vendor, this was a successful, professional company sale, in which the desired price could be realised and she could at all times trust in the expertise of the Grönig & Kollegen AG company exchange. Based on her personal experience and good contacts, this subsequently led to several recommendations within the sector.