Residential Estate Agents For Sale

Business description

This estate agency was founded in 1997 by the vendor after having spent 32 years in the business, in a high growth and affluent area of South West London. Following success here that saw incomes of approximately £1.1million being achieved, the business opened a second office recently in what is a very up and coming area about 3 miles away, that is showing every sign of becoming another successful location for this business.

The business operates from two prime locations in London with good frontages and display windows, high levels of passing foot and vehicular traffic and specialises in providing property and sales services to clients at the mid to upper end of the residential market. The service offered to its clients has differentiated the business from its competitors and has since become a business with a considerable reputation for quality and service on the merits of its staff and their commitment to client fulfilment.

Both of the premises are leased and both in affluent and popular areas within easy reach of main road arteries and central London. The business has established itself in this traditional but highly profitable end of the mid to upper end in the market place and is set to grow even further with the right amount of energy and focus, benefiting from a high level of repeat and client recommended business.

Property information

Location:

Both premises have existing and renewable leases in operation and both comprise of two double glass fronted units refurbished into modern, light and airy premises and finished to a high standard. They benefit from favourable rents etc. and all are commercial A2 leases with long periods to run.

Other information

Expansion potential:

There remains considerable potential for further income from Financial Services, Mortgages, Surveying and HIPs etc., none of which is covered in either office at present.

Competition / Market:

The business uses the best form of advertising, that of repeat business and word of mouth recommendations from their existing client base and also advertises in the local press. The business has invested in a comprehensive website that illustrates the whole portfolio on many property sites and describes the business’s trading style, services and history. A high proportion of the business's revenue has been due to its excellent reputation for quality and service combined with the location of these two modern and stylish locations.

Support & training:

The current owner will provide all necessary training and all relevant contacts to allow continuity of trading.

Reasons for selling:

The owner is not quite retiring but has now decided it is time in his life to start slowing down and spending more time with his family. Because of this he is happy to leave entirely upon the successful sale or to continue with the new owner in an agreed position for a period of time.

Trading hours:

Monday – Friday 9.00 – 6.00 Saturday 9.00 – 1.00