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Lettings And Estate Agency In Greater Manchester For Sale

Greater Manchester, UK
Asking Price:
£450,000 Furniture / Fixtures included
Turnover:
Undisclosed
Net Profit:
Undisclosed

An opportunity has arisen to acquire a well-established and profitable business, owned and operated by the current proprietor since 2000, and now being offered for sale due to retirement. The office occupies a prominent position in a busy town centre location, surrounded by popular shops and cafés, with the area currently benefiting from ongoing redevelopment that is expected to further enhance footfall and demand.

The business is primarily focused on lettings, with a strong weighting towards the fully managed service, providing a reliable, recurring income stream and a comparatively low-risk revenue profile. There is significant scope for growth through the expansion of the managed portfolio, which would increase predictable monthly income and materially enhance the overall business valuation. In addition, a property sales service remains underdeveloped, offering a clear opportunity for an incoming owner to scale this revenue stream with minimal structural change. This represents an attractive acquisition for an investor seeking a stable income-producing asset with clear and achievable growth potential.

100% income generated from lettings activity
82% income generated from the managed portfolio
Business to be sold as a share sale on a cash free, debt free basis – the mechanism for working capital and completion accounts will be outlined in the legals and agreed between Buyer & Seller

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, amongst a variety of shops & cafes and other estate agents/letting businesses.

Business Operation

Reasons for selling:

Retirement sale

Employees:
2
Years established:
25

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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