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This franchise business has been trading for nearly 10 years in this quaint market town. The owner is now looking to retire and this is a great opportunity to take over a well run business.
The business is primarily lettings focused, with the emphasis on a fully managed service. The business could be improved by increasing the managed portfolio, which in turn would generate repeat income on a monthly basis and over time this will increase the asset value. A sales service has been launched however, it has not yet reached its full potential and the business would benefit from more focus on developing the Sales service.
• Rolling 12 months turnover £164,230
• 85% income generated from lettings activity
• 72% income generated from the managed portfolio
• Growth in income could be achieved through the sale of properties and financial services
• Low level of multiple Landlords and no student properties
Further information is available upon request, please contact the seller below for more details.
New lease to be agreed
The office is in a good high street location amongst other estate agents/letting businesses.
Martin & Co is a brand owned by The Property Franchise Group PLC, one of the UK's largest and most experienced franchise operators. The monthly Managed Services Fee (MSF) is 9% +VAT of your gross monthly income and includes unlimited ongoing Head Office support. The initial Franchise Fee is £18,500 +VAT and the Franchise Agreement is for 5 years. The Franchise Agreement is renewable for a fee of £500 +VAT, there is no upper limit to the number of franchise renewals.
The Property Franchise Group will ensure that you are fully trained before you take over the running of this business, including an in-depth induction course, market trends/analysis review, mentor training, plus on-site support days with an experienced property professional, known as a Brand Development Manager. The In-house Training & Leadership Academy offer various courses throughout the year for you and your staff, this is unique to The Property Franchise group! No previous property experience is required to make a success of this venture!
The Property Franchise Group can assist you with funding and the business model is seen very positively by our panel of high-street banks. You can secure up to 70% of the total costs of acquiring this business and any working capital required, and the business could be purchased with as little as 30% personal investment. Some sellers may consider staged payments and we can assist you in the negotiation of a suitable funding solution to meet your personal circumstances.
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