Our clients are looking for a buyer for their Letting Agency in the East Midlands. The business has been operating for over 20 years and has built up a fantastic reputation in their area. With 700+ properties under management, the business consistently has a turnover of £1.15m per annum leading to a very consistent net profit of £400k a year.
Highlights include:
• £1.15m turnover
• £410k net profit
• Retirement sale
• Lettings focussed
• Good management in place
• Established brand
• 700+ properties under management
The business is listed for sale at £1.3m.
Please note that as this is a franchise, the portfolio can not be acquired separately from the franchise. Any buyer must maintain and continue to operate as a franchise alongside any existing letting / estate agency businesses being merged into the franchise.
