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Lettings And Estate Agency In County Durham For Sale

County Durham, UK
Asking Price:
£120,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

The business has been trading for nearly 10 years and is now on the market due to the current franchise owner looking to retire. It is a solid family run business with additional staff in place.
The business is primarily sales focused, with a small lettings portfolio. We are searching for a new franchisee to grow the business 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. There is still huge potential for property sales within the area and further growth in income could be achieved through developing financial services.

30% income generated from lettings activity
70% income generated from the sales pipeline
Low level of multiple Landlords and no student properties
Business is being sold on a Goodwill 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 town centre location amongst a variety of brands and independent businesses.

Please note: A rebrand of the office signage will be required to bring the premises up to the current corporate specification.

Business Operation

Reasons for selling:

Retirement

Years established:
9

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Hunters 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 8% +VAT of your gross monthly income (plus 2% marketing fund contribution) and includes unlimited ongoing Head Office support. The initial Franchise Fee is £20,000 +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 array of e-learning and classroom courses. We also offer various courses throughout the year for you and your staff. 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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