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Established Lettings & Estate Agency In Hertfordshire For Sale

Hertfordshire, UK
Asking Price:
£500,000 Furniture / Fixtures included
Turnover:
Undisclosed
Net Profit:
Undisclosed

The business has been trading since 2005 and was taken over by the current owners in 2011, it is now on the market due to retirement. In 2017 the business opened their brand-new office, located in a prime position within the town centre and close to the mainline train station which has direct access into Kings Cross, London.

The business income has grown substantially over the past decade by providing exemplary customer service and now benefits from consistent repeat business from these long-standing clients. It is primarily lettings focused, with 85% of the total income derived from the rental sector. An added attraction sees 96% of the lettings portfolio is under a fully managed service, thereby providing a reliable and stable income. There is a further opportunity to develop a student rental market for the brand and when coupled with a significant number of new developments now emerging in the area, this can provide additional organic growth.

Operating within a vibrant catchment area the sales service has a fantastic opportunity to be further enhanced especially as the financial service revenue stream remains relatively untapped. The office benefits from having a loyal, competent and experienced team which allows a new “hands-on” entrepreneurial owner to focus on bringing this business to the next level.

Property Information

Property:

Leasehold

Location:

The branch is in a good high street location amongst other estate agents/letting businesses.

Business Operation

Reasons for selling:

Retirement

Employees:
5
Years established:
12

Other Information

Support & training:

The Property Franchise Group will ensure that you are fully trained before you take over the running of this business, including an in-depth induction course, market trends/analysis review, mentor training, plus on-site support days with an experienced property professional, known as a Launch & Integration Manager. We also offer various courses throughout the year for you and your staff. No previous property experience is required to make a success of this venture!

Financing available:

The Property Franchise Group can assist you with funding and the business model is seen very positively by our panel of high-street banks. You can secure up to 70% of the total costs of acquiring this business and any working capital required, and the business could be purchased with as little as 30% personal investment. Some sellers may consider staged payments and we can assist you in the negotiation of a suitable funding solution to meet your personal circumstances.