TrustIndex
0.0
Score
Ranking
#14
in Real Estate
NPS Score
0
Recommended: Unlikely
May '25 - Apr '26
Recent reviews (1)
Used this business recently? Share your experience to help others decide.
Used this business recently? Share your experience to help others decide.
Share Your Experience1 reviews | Active since Jan 2020
Just a bunch of snobs
I have nothing good to say really. after being disrespected by staff for having a gmail account they still send me adds for places for sale. I was content that i told the last agent to shove his attetude somewhere and never dealing with them ever again they still send me emails. just a bunch of shobs that can ***** right off
1 reviews | Active since Jan 2020
Just a bunch of snobs
I have nothing good to say really. after being disrespected by staff for having a gmail account they still send me adds for places for sale. I was content that i told the last agent to shove his attetude somewhere and never dealing with them ever again they still send me emails. just a bunch of shobs that can ***** right off
1 reviews | Active since Jan 2020
Not to be trusted
Avoid. I've shown interest in two of their businesses. I'm a financial analyst by trade, which the brokers did not know. After trying to lecture me for 30 minutes on what a good business would be for me, I simply asked for financial accounts on the businesses I showed interest in. The one broker stopped responding at that stage. The other tried providing me with reasons why his prepared financials are no different than the financial accounts. I then responded with: "Then surely you can show me the financial accounts" I then did further due diligence on one of the companies I showed interest in and it was a disaster. No way it ran at a profit (It was advertised that tit generated a profit). All of their listings show that they're selling profitable companies. However, in my opinion, they aren't; they're chance-takers. That said, this was just my exp.
1 reviews | Active since Jan 2020
Not to be trusted
Avoid. I've shown interest in two of their businesses. I'm a financial analyst by trade, which the brokers did not know. After trying to lecture me for 30 minutes on what a good business would be for me, I simply asked for financial accounts on the businesses I showed interest in. The one broker stopped responding at that stage. The other tried providing me with reasons why his prepared financials are no different than the financial accounts. I then responded with: "Then surely you can show me the financial accounts" I then did further due diligence on one of the companies I showed interest in and it was a disaster. No way it ran at a profit (It was advertised that tit generated a profit). All of their listings show that they're selling profitable companies. However, in my opinion, they aren't; they're chance-takers. That said, this was just my exp.
1 reviews | Active since Jan 2020
Pathetic service and no communication
Pathetic with communication, my advise sell your buisness somewhere else.
1 reviews | Active since Jan 2020
Pathetic service and no communication
Pathetic with communication, my advise sell your buisness somewhere else.
1 reviews | Active since Jan 2020
Do not do business with Aldes, this is a scam! Agent was Eugene Britz
This is by far the worst and lowest quality of service for any business broker i have come across. I made contact with Eugene Britz, who was more of a scammer than a broker. Govt. call centres provide better service! Eugene seemed more like he was trying to steal ideas. It was evident by his line of questioning, unusual requests and lack of feedback. He wanted certain information emailed and others by whatsapp. Then asking apparent questions for his wife who is wanting to start up a business in the same industry as my current business. Everything was extremely shady and unprofessional. I received zero feedback or even any response at all to any mail or whatsapp msgs. This went on for weeks, when he then mailed thinking i was a new lead. When i advised who i was and i was still awaiting his feedback, there was once again no reply to that mail either. i have not heard from this unprofessional company for a further month and more. I build and sell businesses for a living and this is by far the worst interaction ive had by any broker ive worked with. If this is not a blatant scam, it is surely the most unprofessional, pathetic level of service.
1 reviews | Active since Jan 2020
Do not do business with Aldes, this is a scam! Agent was Eugene Britz
This is by far the worst and lowest quality of service for any business broker i have come across. I made contact with Eugene Britz, who was more of a scammer than a broker. Govt. call centres provide better service! Eugene seemed more like he was trying to steal ideas. It was evident by his line of questioning, unusual requests and lack of feedback. He wanted certain information emailed and others by whatsapp. Then asking apparent questions for his wife who is wanting to start up a business in the same industry as my current business. Everything was extremely shady and unprofessional. I received zero feedback or even any response at all to any mail or whatsapp msgs. This went on for weeks, when he then mailed thinking i was a new lead. When i advised who i was and i was still awaiting his feedback, there was once again no reply to that mail either. i have not heard from this unprofessional company for a further month and more. I build and sell businesses for a living and this is by far the worst interaction ive had by any broker ive worked with. If this is not a blatant scam, it is surely the most unprofessional, pathetic level of service.
1 reviews | Active since Jan 2020
Aldes Business brokers - Willem Smuts
Beware of these scam artists. I wanted Aldes business brokers to list my business, that was for sale. A Mr Willem Smuts was handling my sale, from aldes. Never heard from him, kept on telling me about other businesses he was taking clients to go and see. Meantime I knew these other businesses were sold already. Then I get an account to pay R1200.00 for listing my business on their webpage. I asked for a link to "my ad", never sent me anything. Also wants the money to be paid into his private bank account. So, a R1200 to sit on his **** and bs me. Scam away, you'll get whats coming to you.
1 reviews | Active since Jan 2020
Aldes Business brokers - Willem Smuts
Beware of these scam artists. I wanted Aldes business brokers to list my business, that was for sale. A Mr Willem Smuts was handling my sale, from aldes. Never heard from him, kept on telling me about other businesses he was taking clients to go and see. Meantime I knew these other businesses were sold already. Then I get an account to pay R1200.00 for listing my business on their webpage. I asked for a link to "my ad", never sent me anything. Also wants the money to be paid into his private bank account. So, a R1200 to sit on his **** and bs me. Scam away, you'll get whats coming to you.
1 reviews | Active since Jan 2020
Lack of accountability by Aldes Business Brokers
I bought a Curves franchise fitness club through Aldes business brokers in May 2018 after quite a bit back and forth. Long story short - after all monies was paid i found out that the business figures were ficticious and business was running at a huge loss. I contacted Mbali who was the Aldes agent but her response was that she is just the agent and that i had to get answers from previous owner. She basically distanced herself from my problem and offered no help whatsoever! I tried getting answers from previous owner but no luck either. Point is : I bought through a business broker like Aldes in order to avoid scams like this and now there is no customer care after money and commissions are paid?! Extremely unhappy with their non care attitude
1 reviews | Active since Jan 2020
Lack of accountability by Aldes Business Brokers
I bought a Curves franchise fitness club through Aldes business brokers in May 2018 after quite a bit back and forth. Long story short - after all monies was paid i found out that the business figures were ficticious and business was running at a huge loss. I contacted Mbali who was the Aldes agent but her response was that she is just the agent and that i had to get answers from previous owner. She basically distanced herself from my problem and offered no help whatsoever! I tried getting answers from previous owner but no luck either. Point is : I bought through a business broker like Aldes in order to avoid scams like this and now there is no customer care after money and commissions are paid?! Extremely unhappy with their non care attitude
1 reviews | Active since Jan 2020
Unprofessional and lack of knowledge of business valuations
<p>My husband and I were interested in purchasing a business and contacted Aldes. We are both qualified chartered accountants with significant experience in auditing and business valuations.</p> <p> </p> <p>We had our first meeting with the seller which went well. I thereafter wanted to spend a week at the busniess just to see how the business is run. I was advised that this was not a usual request and therefore I had to sign a letter of intent beforehand.</p> <p> </p> <p>Subsequent to our first meeting, the seller had sent me all her financial information, either directly or through broker. Given our professional experience, we performed our own valuations. While I know this is probably discouraged, given our qualifications and experience, its only natural we would do this as we are not only interested in the prior year net profit. Also considering we are buying a business with hardly any assets, we are literally just paying for the goodwill. There were no substantial tangible assets. After using two methods, we came out with a much lower valuation and not theamount that Aldes had advertised. We asked the broker to please share his valuation as we were coming out with much lower valuations and we could not commit to a number without having the full information. Obviously, he first said that the information was confidential to protect the seller. In my experiences however, most people would even get an independent valuation done so I don't see why this should be confidential when you are asking for such a high price. Nevertheless, he sent us a screen shot of 3 methods. We were shocked I must say. Firstly the valuation only took into account one years earnings, then the valuation takes into account potential earnings of R200k higher, which in no ways could be accurate because the business was already operating at its full capacity. Potential earnings would also increase other costs. In the absence of the broker sharing any information, we therefore made an offer which supported our valuation, providing our reasons to Aldes. </p> <p>I also need to add that the letter of intent was very weak. I added my own clauses and sent it back. To which the broker called to say well done, very professionally worded.</p> <p><br />I thereafter received an email where the seller slashed the price by over R100,000. In the absence of a supported business valuation, where the assumptions could be explained, my husband and I said we still felt that this is too high. At this point, it seemed that the there would be no deal as we were not prepared to pay more than the price that supprted our valuations.</p> <p>The next day I received an email to say that all correspondence must go though him, the seller was also cc'd. I also received a voicemail saying that the seller said I requested a meeting with her and he will arrange the time. I did no such thing and in my opinion the deal was off. Afterwards, I received a call from the seller who wanted to discuss a few matters with me as she was concerned that I did not have all the information. She advised that the broker advised her not to call me and she needs to go through him. She called me anyway because she felt that the broker was not passing on all her information.</p> <p>We met with the seller again. The meeting went well. The broker seemed quite bored and tried to hurry the meeting. While we were talking, he interrupted to say he thinks we have all said what we needed to and we should sign the agreement. We advised we need to take the information away and come back to them. During the meeting we again asked for more detail on the valuation. To which all he said was this was not thumb sucked and a very good deal. If we didn't sign the agreement he would need to still market the business. This was fine with us.</p> <p>My husband and I reviewed the subsequent information and made a new offer which was still must lower than the seller's counter offer. I received a call from the broker to say that the seller accepted our offer. He completely forgot about our due diligence procedures and I reminded him of this. Again, he advised that he would have to still market the business, I said that was fine, but I have to carry out my procedures. He advised that I can go ahead and contact the seller to arrange my visit.</p> <p>I arrange my visit with the seller for the following week. Over the weekend, I sent her my procedures in advance to give her a heads up on the documents I want to see and meetings I intended on having. In my opinion, and audit history, these were normal procedures. The seller even responded to say that she will arrange a meeting with the landlord on Tuesday. On Monday morning, I received a call from the broker who said that the seller went through my procedures over the weekend and decided she does not want to sell to us anymore. I was very shocked. She seemed very keen on the Friday before. I asked why, he said he cannot go into that, she just doesn't want to sell to us. Then he actually said to me that he didn't know I sent her anything...he was the one who said to go ahead and arrange my visit.</p> <p>This is very unacceptable. He should at least give us a reason. This has left me with a very sceptical feeling about Aldes. Perhaps there are good explanations but its very strange that everything is hidden behind confidentiality. As it stands, and in my opinion:</p> <p>- The brokers do not understand the business valuations, nor can they explain it<br />- The valuations are thumb sucked, probably based on commission<br />- The brokers only pass information from the seller to the buyer if they feel it will meet their selling price<br />- The brokers are very pushy and will try to scam their buyers</p> <p>As I said, with everything being so "hidden", these are the feelings I am left with.</p> <p>The seller probably was intimidated by my procedures worried that we may find something we shouldn't or she was overwhelmed and just wanted an easy sale. Either way, some sort of explanation should have been given. Especially after we have invested so many hours in this business.</p> <p> </p> <p>I was given the contact email address for the general manager to take up this matter. He ignored my email.</p> <p> </p>
1 reviews | Active since Jan 2020
Unprofessional and lack of knowledge of business valuations
<p>My husband and I were interested in purchasing a business and contacted Aldes. We are both qualified chartered accountants with significant experience in auditing and business valuations.</p> <p> </p> <p>We had our first meeting with the seller which went well. I thereafter wanted to spend a week at the busniess just to see how the business is run. I was advised that this was not a usual request and therefore I had to sign a letter of intent beforehand.</p> <p> </p> <p>Subsequent to our first meeting, the seller had sent me all her financial information, either directly or through broker. Given our professional experience, we performed our own valuations. While I know this is probably discouraged, given our qualifications and experience, its only natural we would do this as we are not only interested in the prior year net profit. Also considering we are buying a business with hardly any assets, we are literally just paying for the goodwill. There were no substantial tangible assets. After using two methods, we came out with a much lower valuation and not theamount that Aldes had advertised. We asked the broker to please share his valuation as we were coming out with much lower valuations and we could not commit to a number without having the full information. Obviously, he first said that the information was confidential to protect the seller. In my experiences however, most people would even get an independent valuation done so I don't see why this should be confidential when you are asking for such a high price. Nevertheless, he sent us a screen shot of 3 methods. We were shocked I must say. Firstly the valuation only took into account one years earnings, then the valuation takes into account potential earnings of R200k higher, which in no ways could be accurate because the business was already operating at its full capacity. Potential earnings would also increase other costs. In the absence of the broker sharing any information, we therefore made an offer which supported our valuation, providing our reasons to Aldes. </p> <p>I also need to add that the letter of intent was very weak. I added my own clauses and sent it back. To which the broker called to say well done, very professionally worded.</p> <p><br />I thereafter received an email where the seller slashed the price by over R100,000. In the absence of a supported business valuation, where the assumptions could be explained, my husband and I said we still felt that this is too high. At this point, it seemed that the there would be no deal as we were not prepared to pay more than the price that supprted our valuations.</p> <p>The next day I received an email to say that all correspondence must go though him, the seller was also cc'd. I also received a voicemail saying that the seller said I requested a meeting with her and he will arrange the time. I did no such thing and in my opinion the deal was off. Afterwards, I received a call from the seller who wanted to discuss a few matters with me as she was concerned that I did not have all the information. She advised that the broker advised her not to call me and she needs to go through him. She called me anyway because she felt that the broker was not passing on all her information.</p> <p>We met with the seller again. The meeting went well. The broker seemed quite bored and tried to hurry the meeting. While we were talking, he interrupted to say he thinks we have all said what we needed to and we should sign the agreement. We advised we need to take the information away and come back to them. During the meeting we again asked for more detail on the valuation. To which all he said was this was not thumb sucked and a very good deal. If we didn't sign the agreement he would need to still market the business. This was fine with us.</p> <p>My husband and I reviewed the subsequent information and made a new offer which was still must lower than the seller's counter offer. I received a call from the broker to say that the seller accepted our offer. He completely forgot about our due diligence procedures and I reminded him of this. Again, he advised that he would have to still market the business, I said that was fine, but I have to carry out my procedures. He advised that I can go ahead and contact the seller to arrange my visit.</p> <p>I arrange my visit with the seller for the following week. Over the weekend, I sent her my procedures in advance to give her a heads up on the documents I want to see and meetings I intended on having. In my opinion, and audit history, these were normal procedures. The seller even responded to say that she will arrange a meeting with the landlord on Tuesday. On Monday morning, I received a call from the broker who said that the seller went through my procedures over the weekend and decided she does not want to sell to us anymore. I was very shocked. She seemed very keen on the Friday before. I asked why, he said he cannot go into that, she just doesn't want to sell to us. Then he actually said to me that he didn't know I sent her anything...he was the one who said to go ahead and arrange my visit.</p> <p>This is very unacceptable. He should at least give us a reason. This has left me with a very sceptical feeling about Aldes. Perhaps there are good explanations but its very strange that everything is hidden behind confidentiality. As it stands, and in my opinion:</p> <p>- The brokers do not understand the business valuations, nor can they explain it<br />- The valuations are thumb sucked, probably based on commission<br />- The brokers only pass information from the seller to the buyer if they feel it will meet their selling price<br />- The brokers are very pushy and will try to scam their buyers</p> <p>As I said, with everything being so "hidden", these are the feelings I am left with.</p> <p>The seller probably was intimidated by my procedures worried that we may find something we shouldn't or she was overwhelmed and just wanted an easy sale. Either way, some sort of explanation should have been given. Especially after we have invested so many hours in this business.</p> <p> </p> <p>I was given the contact email address for the general manager to take up this matter. He ignored my email.</p> <p> </p>
1 reviews | Active since Jan 2020
unlawful practice
<p>i want to buy a business and get shot down because i would need to take a loan! i think they only take clients that can quickly settle the sale so that they can make monies or its a fraudulant company that they are selling because thety refuse to let me even see the business im highly disgusted at this behaviour, and will publically.</p>
1 reviews | Active since Jan 2020
unlawful practice
<p>i want to buy a business and get shot down because i would need to take a loan! i think they only take clients that can quickly settle the sale so that they can make monies or its a fraudulant company that they are selling because thety refuse to let me even see the business im highly disgusted at this behaviour, and will publically.</p>