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.