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Leading Independent Estate Agency For Sale

Dorset, UK
Asking Price:
£600,000
Turnover:
£721,000
Net Profit:
Undisclosed

Gator Business Sales are pleased to be able to offer for sale this exceptional independent estate agency.

Established for over 15 years, the business operates in one of the most attractive and affluent parts of Dorset, and is the leading agency in the area.

The business has tremendous growth potential as it currently only facilitates residential sales. This ensures plenty of immediate expansion opportunities for the new owners to offer commercial services, block management and, of course, residential lettings.

Listing numbers vary depending on the time of year, but averages at 150 properties, which provides a very healthy cash flow.

The agency is consistently profitable, with average adjusted net profit available to the owners over the last 3 years of circa £250,000 per annum.

This is the first time that the company has been offered for sale. It would undoubtedly be an ideal bolt-on acquisition for any established estate agency that is seeking substantial non-organic growth via an expansion of their office portfolio. It may also be of interest to suitably funded industry professionals as a standalone business.

Property Information

Property:

Leasehold

Lease Terms:

A 250 year lease was granted on the business premises in 2008. Our clients purchased this long lease in 2020 and it forms part of their pension portfolio. They propose to offer the purchaser of the estate agency a sub-lease with an incoming rent of £12,600 per annum – exact terms to be agreed.

Location:

Ideally located for its target clientele, with plentiful free parking adjacent.

Premises Details:

Well maintained and presented double-fronted premises totalling approx. 69.55 sq m/748 sq ft.

Energy Performance Rating:
B

Business Operation

Trading hours:

Office hours are Monday-Friday: 8.45am-5.30pm, Saturday: 9.00am-4.00pm. Valuations and viewings are obviously scheduled to meet the requirements of their clients and buyers.

Employees:
In addition to the two owners who work full-time, there is an experienced and capable team of six.
Years established:
15

Other Information

Support & training:

Tailored to the requirements of the purchaser.