Our client has instructed us to find a buyer for their profitable, well managed and established lettings agency, situated in a major city in the North West of England.
Having been established well over 10 years, the business now manages some 400 fully managed properties, all with impressive margins. Property sales produce around 20% of the businesses income which is a welcomed addition to the already high levels of residual income the business generates.
The business is extremely consistent with net profits sitting between £250k - £300k for the last 4 years. The business has posted a £175k net profit for the most recent 6 months and is on track to have it's most successful year to date.
- 10 years trading
- £270k net profit for YE2021
- USP allowing high margins to be achieved
- Experienced team of staff
- Well known franchise brand
- 400 fully managed properties
- Steady flow of sales income
- Scope to grow & increase property sales
- Well-presented office
The business is offered for sale at £1,000,000.
Enquire now for an NDA and further details.
Please note - As this is a franchise, this would not be suitable for an existing agent looking for a bolt on acquisition. The franchisor would require any existing agents to rebrand and merge their business into this particular franchise brand.