Established in 2008 in the North West of England, this business is now available for sale due to retirement. Our office enjoys a central position in the bustling heart of the city. Here, you’ll find an enticing array of popular shops and charming cafes.
This business primarily focuses on lettings, offering a comprehensive managed service. This emphasis makes it appealing to buyers seeking stable and low-risk revenue streams. However, there’s room for improvement by expanding the managed portfolio. Doing so would lead to recurring monthly income and ultimately enhance the overall asset value. While a sales Service is not included, there’s an opportunity to enhance our business turnover by introducing this additional offering.
Addressing the low number of multiple landlords and exploring student properties could contribute to the growth
To boost income: Expanding to offer property sales, providing financial services can enhance income streams.
The Business is being marketed as a Share Sale.
Over the last year within the area.
The average house price has rose 1.1% with the median sales price having increased by over £75,000 (with adjustments for inflation) (ons.gov.uk, 03.07.2024)
The average monthly rents show a 8.0% rise (ons.gov.uk, 03.07.2024)
The average house price purchased with a mortgage has a 1.3% (ons.gov.uk, 03.07.2024)
The average price paid by first-time buyers increased 1.4% (ons.gov.uk, 03.07.2024)
- Asking Price:
- £155,000
- Turnover:
- Undisclosed
- Net Profit:
- Undisclosed
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
On Request
- Leasehold Rent:
-
On Request per annum
- Location:
-
The office enjoys a central position in the bustling heart of the city. Here, you’ll find an enticing array of popular shops and charming cafes, the office is in a favourable position on the bustling high street, surrounded by other estate agents and letting businesses.
- Premises Details:
-
The office boasts a prominent high street location, complete with a spacious window for showcasing available properties.
Business Operation
- Expansion Potential:
-
To boost income: Expanding to offer property sales, providing financial services can enhance income streams.
- Reasons for selling:
-
The current owner is looking to retire.
- Trading hours:
-
Monday - Friday 9.00am - 5.00pm
Saturday 10.00am - 12.30pm
Sunday Closed
- Employees:
- 2
- Years established:
- 16
Franchise Information
- Franchise opportunity:
-
Franchise Resale
- Franchise terms:
-
Belvoir is a brand owned by The Property Franchise Group PLC, one of the UK's largest and most experienced franchise operators. The monthly Managed Services Fee (MSF) is 12% +VAT of your gross monthly income and includes unlimited ongoing Head Office support. The initial Franchise Fee is £22,500 +VAT and the Franchise Agreement is for 5 years. The Franchise Agreement is renewable for a fee, there is no upper limit to the number of franchise renewals.
Other Information
- Support & training:
-
The Belvoir Group will ensure that you are fully trained before you take over the running of this business, including a 4 week in-depth induction course, market trends/analysis review, mentor training, plus on-site support days with an experienced property professional. We also offer various courses throughout the year for you and your staff.
- Financing available:
-
The Belvoir Group can recommend lenders for funding and the business model is seen very positively by our panel of high-street banks.
