Established Estate Agency Franchise Resale In County Durham For Sale

County Durham, UK

Asking Price:: £120,000 Furniture / Fixtures included

Turnover:: £250,000

Net Profit:: Available on request

• Reputable business trading since 2014.
• Turnover circa £250,000 per annum.
• Brand presence and client base.
• Dedicated franchisor support.
• Low fixed overheads.
• BUSINESS ASKING PRICE £120,000 / OFFERS.
• FRANCHISOR FEE REQUIRED of £20,000.

Property Information

Property:: Leasehold

Lease Terms:: New lease is available. The current rent is £8,444 per annum.

Leasehold Rent:: £8,444 per annum

Location:: Located in County Durham town

Premises Details:

This franchise resale opportunity offers a very well established and reputable Estate Agents & Letting Agency which has been trading since 2014. The business has been placed on the market as the current franchisee is retiring.

This franchise model effectively comprises a house sales and property letting agency with the house sales generating 69% of the total income and the remainder from the lettings element.

The franchisor believes there is scope to grow the managed portfolio with lettings being an area which delivers repeat fees. Financial services is also an area that offers scope to a new owner.

Business Operation

Reasons for selling:: Retirement

Employees:: The business is currently operated with the following staff profile; 1x office manager (PT). 1x valuer (FT) 1x negotiator (FT) 1x negotiator (PT)