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Lettings Agency In East Anglia For Sale

East Anglia, UK
Asking Price:
£395,000 Furniture / Fixtures included
Turnover:
Undisclosed
Net Profit:
Undisclosed

An exciting opportunity to acquire a well-established and profitable business. This family run business was launched by the current owner in 2007 and is now only on the market due to other business ventures. This is a fantastic opportunity to take over a thriving, well staffed business & step into business ownership.

The office is situated in a prominent location with easy access to all local amenities. The business is primarily lettings focused, with the emphasis on a fully managed service therefore making this attractive to buyers looking for recurring and ‘low risk’ revenue streams. However, the business could be improved by increasing the managed portfolio, which in turn would generate repeat monthly income and this in turn will increase the asset value. The sale of properties is not offered so has not yet reached its full potential.

  • 81% income generated from lettings activity
  • 68% 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 low student properties
  • Business to be sold on a share sale basis

Further information is available upon request; please contact the seller below for more details.

Property Information

Property:

Leasehold

Location:

The office is in a prominent location, very close to all local amenities and other estate agency businsses.

Business Operation

Reasons for selling:

To focus on other ventures.

Employees:
3
Years established:
1 years

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

The Property Franchise Group PLC is one of the UK's largest and most experienced franchise operators encompassing several brands. The monthly Managed Services Fee (MSF) is 9% +VAT (plus a National Marketing Fund set contribution dependent on brand) of your gross monthly income and includes unlimited ongoing Head Office support. The initial Franchise Fee is £22,500 +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 an Operations Manager. We also offer various courses throughout the year for you and your staff alongside access to a market leading online training academy. 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.

Website:
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