Situated in Dorset, out client is looking for a buyer for their Lettings and Block Management company. The business currently looks after around 100 blocks of apartment and 60+ fully managed properties, resulting in a turnover of £300k. The income is generated via lettings only, there are no property sales. Therefore a buyer will be acquiring a robust source of income.
The owner is open to options as to whether the business is sold as a going concern, with a buyer taking over the staff, office, branding etc. Or whether the portfolio is sold on it's own.
Highlights include:
£300k lettings income
100+ blocks
60+ fully managed properties
£240k recurring revenue
Strong landlord : property ratios
The business is listed for sale at £450,000.
