TaylorMayers are excited to bring to the market this independent Letting / Estate Agency in Devon. After owning the business for some 13+ years, the owner is now looking to retire.
The business has a fantastic reputation in their area, as a result, they are one of the market leaders, looking after around c370 fully managed properties a consistent sales pipeline of around £140k.
The financials for this business are impressive with turnover of £1m and net profits averaging around £400k for the last 4 years.
Highlights include:
• Robust and consistent performance
• c370 fully managed lettings properties
• 60+ let-only listings and 10+ rent-collection properties
• £140k sales pipeline
• Good levels of available sales stock (£200k+ commission available)
• Well-branded and busy offices with reasonable rents
• Experienced and capable staff - Office largely run via the staff
• Consistent profitability
The business is offered for sale at £1,300,000 for the share sale of the Ltd company. We and the owner, see huge value in the branding and goodwill that the business has built up, therefore, it's likely the buyer for this business will make the acquisition and continue to operate the business under its current format / branding.
Contact us for an NDA.
