For sale is a highly profitable Letting Agency based in Southport, with an excellent reputation and a high customer retention rate, the business has consistently grown profits and continued to build on its portfolio since it was founded over ten years ago. They currently manage a portfolio of 115 properties and the most recent years net profits are £69,000.
As a small, family-run business that is run from home, all operations have been handled in house by a small team working on a part time basis. The business would ideally suit another company operating in this sector who are looking to quickly and easily expand and grow their portfolio.
Key Information:
Asking Price: £250,000
Net Profit (2024): £69,000
Properties Managed: 115
Very low overheads and high net profit
In addition to property management, the business currently also offer a tenancy-find service, which provides regular additional one-off revenue, however approximately 85% of the turnover comes from recurring income from the properties they manage. Most of the landlords have been with the business for many years, and retention rates are very high due to the excellent service they have continued to provide over the years.
The properties managed are predominantly in and around Southport, and the current owners, wanting to keep the company lean and easy to manage, regularly turn away new business from both existing and new landlords… The scope for expansion is therefore huge.
There is a genuine reason for sale, with the existing owners looking to retire from the industry. A full handover period can be agreed to ensure a seamless takeover.
For further information please contact Vincent Stevenson at New Broad Street Business Sales.
