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Letting & Estate Agency In Lincolnshire For Sale

Lincoln, Lincolnshire
Asking Price:
£130,000 Furniture / Fixtures included
Turnover:
£156,523
Net Profit:
Available on request

The 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 £156,523
• 85% income generated from lettings activity
• 67% 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.

Property information

Property:

Leasehold

Lease Terms:

New lease to be agreed

Location:

The office is in a good high street location amongst other estate agents/letting businesses.

Business Operation

Reasons for selling:

Retirement

Employees:
4
Years established:
10

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

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.

Other Information

Support & training:

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!

Financing available:

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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