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Lettings And Estate Agency In Hertfordshire For Sale

Herefordshire, UK
Asking Price:
£350,000 Furniture / Fixtures included
Available on request
Net Profit:
Available on request

The business was launched as a cold start in 2010, has been ran by a very stable husband & wife team and it is now on the market as the existing owners are looking to retire in order to spend quality time with their family. The business has been developed over the years and is still trading from the same high street premises and has a stable level of staff. There would be a requirement for the new owners to be working in the business day to day as there is still plenty of scope to develop the business further.

The business is primarily lettings focused, with the emphasis on a fully managed service. It could be improved 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. A sales service has recently been launched however, it has not yet reached its full potential and the business would benefit from more focus on developing the Sales service and offering financial services.

A well-established and respected local business, it is ideally placed now to deliver exciting new growth opportunities, in both sales and lettings, with the injection of new energy and investment.

85% income generated from lettings activity
60% 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

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

Property Information




The office on a busy road with the benefit of on-street parking and only 0.5 miles from the train station.

Business Operation

Reasons for selling:

The existing owners are looking to retire in order to spend quality time with their family.

Years established:

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 £18,500 +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 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.

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