Our client is looking for a buyer for their franchised lettings business in Hertfordshire. The business manages some 60 fully managed properties and a handful of let only properties. Financially, the business has a turnover of around £120,000 with a net profit of between £10k – £20k. It’s worth noting this is after paying a directors salary of £18k pa.
– National franchise brand
– c60 properties under management
– £120,000 turnover
– £10k – £20k net profit
– Directors salary of £18k
– Owner currently works on a part time basis
– Huge growth potential
The business is listed for sale at £99,000.
Enquire now for an NDA and further details on this business.
Please note that as this is a franchise, this would not be suitable for an independent agent looking to a bolt on acquisition.