Our client is looking for a buyer for their well established and profitable Lettings / Estate Agency. Due to personal reasons, the owner is looking for a quick sale and has therefore listed the business at a reduced and attractive price.
The business has been operating for 11+ years and and trades via a mix of lettings and sales. There are currently 102 properties under full management and an additional 40 let only properties. There are 55 available sales properties which if sold, will generate £94k in commission. There are 30 properties SSTC with a pipeline value of £50k.
Within the business there are 2 full time employed members of staff.
Highlights include:
• Genuine reason for sale
• c£200k turnover
• 104 managed properties
• 40 let only properties
• £50k pipeline
• Well known franchise
The business is priced attractively at £40k. There is an additional franchise fee payable of £20k+vat.
As this is a franchise, any existing agents looking at this business would be required to rebrand or merge their business into the franchise. This can not be acquired as a bolt on.
