A super opportunity has become available within the Belvoir group to take over a successful business on the East coast of Scotland. This is a very strong performing business with a managed lettings portfolio of 223 properties. The premises are located in a prominent retail area, with an accomplished team in place recognised for their excellent reputation.
The business was established in June 2009 and started trading in September 2009. The original Franchisee remains the hands on business Manager at this time. The business is mixed between lettings and sales, with the main focus on lettings. The existing portfolio is mainly focused on the upper end of the residential lettings market, with possible area of growth in the student rental market. More than half of the portfolio are Guaranteed Rent contracts, with an average commission of 25%.
Whilst most of the business is focused in and around the east Coast of Scotland, the Franchise territory includes all of the postcodes in Tayside, Fife and Perth, making this one of the largest franchise territories in the UK. There is scope to branch out into the other main towns and cities within this territory, including Perth, Dunfermline, St Andrews.
This is a solid business, with masses of untapped opportunity for an ambitious owner.
Key Highlights include:
Established in 2009
Properties under Management 223
Re – occurring Management income £330,005
Turnover £1,242,464
