Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Lettings And Estate Agency In Leicestershire For Sale

Leicestershire, UK
Asking Price:
£425,000 Furniture / Fixtures included
Turnover:
Undisclosed
Net Profit:
Undisclosed

An excellent opportunity to acquire a successful and long-established lettings and estate agency business. Established in 2010, the business has developed an excellent reputation within the local market and enjoys a loyal and longstanding client base. The business is now being offered for sale as the current owner wishes to retire.

The business is predominantly lettings-focused and benefits from a substantial portfolio of fully managed properties, providing reliable recurring income and high levels of client retention. This established management base offers stability, predictable cash flow and excellent visibility of future earnings.

In addition to its successful lettings operation, the business also provides residential sales services. While the sales division is already profitable, it offers considerable scope for further development, presenting a clear opportunity for a new owner to increase market share and enhance revenues.

This well-established business presents an attractive acquisition opportunity, combining a proven track record, recurring income streams and a respected local brand, together with excellent prospects for continued growth and development under new ownership.

67% of income is generated from lettings activity
51% of income is generated from the managed portfolio
Well run, established business with great scope for development
Retirement sale
The business is being sold on a share sale basis

Property Information

Property:

Leasehold

Location:

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

Business Operation

Reasons for selling:

Retirement Sale

Employees:
6
Years established:
16 years

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:
Login or register to view link