Having been established for over 30 years, this business provides a range of surveying services in the North Essex and South Suffolk regions.
The business has diversified its services from the typically competitive housebuyer surveys offering (but no longer carrying out mortgage valuations), to include higher margin dilapidations and maintenance services, probate and boundary disputes and other related services.
A member of the Royal Institution of Chartered Surveyors, the practice has built enduring client relationships over a number of years with appropriate individuals and organisations, including estate agents, property managers and solicitors. Online reviews further support an excellent reputation and it consistently wins regional awards in its sector. Consequently marketing spend is low and the practice generates the majority of enquiries via either word of mouth / recommendation or from its highly ranked website, which delivers significant levels of organic enquiries.
While all aspects of the business are currently managed by the owner, the practice has been positioned as a brand, allowing the reputation to be aligned with the brand rather than a particular individual. Furthermore the vendor has chosen to prioritise a work / life balance over further business development, which provides an opportunity for a purchaser looking to grow the practice further. Digital marketing activities and activities such as an incentivised referral-based programme are examples of underutilised tools that will support a purchaser’s growth aspirations.
The business typically generates revenues of c £60-70K, delivering owner earnings of c £50k. The guide price for assets and goodwill is £59,950 and the owner is flexible over handover arrangements, including a consultancy period (with appropriate compensation), additional training where required in order to preserve the current range of services provided.
Please do not attempt to contact the vendor direct.