Prime Auctions

Invest in a Prime Auctions Business Opportunity

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Prime Auctions is the first Auction Company in South Africa to offer exclusively licensed areas.

About Us


Established by Dr. William Hunter and his wife, Veronique Hunter, this venture started with the visionary goal of revolutionizing real estate sales through Property Auctions.

Drawing on over two decades of profound expertise in the local real estate market, particularly in South Africa and KwaZulu-Natal, Mr and Mrs Hunter have successfully facilitated the sale of thousands of Prime Residential, Commercial, and Industrial properties, amounting to a staggering Billion Rand.

With a rich portfolio of Industry accolades and an extensive exploration of Real Estate Auction practices worldwide, including meticulous study and observation of global leaders in the Auctioneering Business, our founders were inspired to infuse a new, dynamic energy into the Local Auction Industry. This vision combines the tried-and-true South African Auction methods with the innovative practices observed on the global stage, paving the way for a fresh and progressive approach to real estate transactions.

What the company does: Online Auctions: Multi-property, Commercial, Industrial, Retail, Residential, Specialised Properties as well as Traditional Real Estate.

Franchise package:

  • Initial fee: R50 000 – R150 000
  • Set-up cost: On Application (Depends on area)
  • Deposit: None
  • Training: Free
  • Working Capital: Suggested R50 000 – R100 000
  • Total Investment: R100 000 – R250 000
  • Royalty fee: 10%
  • Marketing fee: 0

What do you get for your investment?

  • Access to Prime Auctions intellectual property contracts and systems.
  • Prime Auctions Online bidding platform.
  • Prime Auctions custom CRM.
  • Designated exclusive geographical area.
  • Initial and ongoing training and support.
  • Property referrals and agent recruitment assisted by HO.

The ideal Licensee:

Skills:

  • Character and Financial Fitness: Demonstrated ability to maintain high ethical standards and financial responsibility.
  • Continuing Education: Committed to ongoing learning, with a focus on enhancing communication and negotiation skills.
  • Negotiation Skills: Proven expertise in negotiating deals to achieve favourable outcomes.
  • Market Knowledge: In-depth understanding of the real estate market and trends.
  • Networking Skills: Proficient in building and maintaining valuable professional connections.
  • Ethical Conduct: Adherence to a strong code of ethics in all business practices.
  • Technology Proficiency: Aptitude for utilizing technology to streamline and enhance business operations.

Experience:

Seasoned in sales-oriented business environments, with a track record of success.

Personality Traits:
  • Highly Competitive Nature: Thrives in competitive settings, constantly seeking opportunities for growth and achievement.
  • Honest and Transparent: Values honesty and transparency in all interactions.
  • Positive Attitude: Maintains a positive outlook, contributing to a constructive and collaborative work environment.

Role of Licensee:
  1. Responsible for building and maintaining a successful local presence.
  2. Conducts real estate transactions while upholding the standards and practices established by the Licensor.
  3. Ensures consistency and reliability in services to build a reputable brand image.
  4. Financially Stable: Possesses financial stability to sustain and grow the business.
  5. Business Management Experience: Demonstrates a history of successfully managing and operating businesses.
  6. Highly Competitive: Brings a competitive spirit to drive excellence and achieve business goals. Ideal franchisee: What kind of franchisee you are looking for, i.e. experience, previous job/career, personality traits.

Requirements for Franchisees:

  • Must have starting capital over and above the Licensee fee
  • +3 years’ experience of being an experienced and registered Agent and/or Business Management

FOR MORE INFORMATION ON THIS FANTASTIC FRANCHISE OPPORTUNITY, CLICK REQUEST FREE INFO.

Prime Auctions Financial Data
The following financial information was provided by Prime Auctions to give you more information about the costs associated with a Prime Auctions opportunity
Minimum investment required
R 50.000
Total investment required
R 100.000- R 250.000
How many franchise units/outlets does your business currently have?
5
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Available Locations:
Single-unit Opportunities in South Africa
Business Type:
Business Opportunity
Minimum Investment:
Starting from ZAR 50,000
Training Provided:
Yes
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