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Lettings & Estate Agency In East Sussex For Sale

East Sussex, UK
Asking Price:
£140,000 Furniture / Fixtures included
Turnover:
Available on request
Net Profit:
Available on request

An opportunity has arisen to acquire a business in a seaside resort town. The business was taken over by the current owner in 2010 and is now only on the market due to retirement. The office is situated in the heart of the busy town, which offers an array of popular shops & cafes and is a stone's throw away from the mainline train station with links directly to London.

The business is primarily lettings-focused, with an emphasis on a fully managed service, therefore making it 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, which in turn would increase the asset value. The sale of properties is offered but has not yet reached its full potential, and the business would benefit from more focus on developing the sales service.

93% income generated from letting activity
81% of the 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

The business is being marketed as an asset sale.

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

Property Information

Property:

Leasehold

Location:

The office is in a good high street location, very close to the train station amongst other estate agents/letting businesses.

Business Operation

Reasons for selling:

The business is on the market due to retirement.

Employees:
2
Years established:
14

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 £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 in-depth induction course, market trends/analysis review, mentor training, plus on-site support days with an experienced property professional, known as a Launch & Integration Manager. 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.