Our client is looking to sell his franchised letting & estate agency in Hertfordshire. The business currently looks after a portfolio of around 270 fully managed properties and a handful of sales properties. 90% of the income is generated from leasing activity, making this a 'low-risk' opportunity.
is not involved in the business on a day-to-day basis and has worked hard to build up the systems and processes to allow for this. Therefore, this business would be a great opportunity for an investor or an owner who wants to work in the business. For an owner who wants to work in the business, there will be some natural cost savings.
Highlights include:
• £490k turnover
• £100k average net profit
• Fully managed business
• Lettings focussed
• 270 fully managed properties
• Established business
• Turnkey opportunity
The business is listed for sale at £500,000. There is an additional franchise fee payable.
Please note that as this is a franchise, it would not be suitable as a portfolio purchase. Any purchase would be expected to continue to operate the business as a franchise and merge any conflicting businesses into the franchise.
