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Lettings And Estate Agency In South Yorkshire For Sale

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

The business has been trading for over 20 years and is now on the market as the current owners are looking to retire. The office is in a prime location and is in a pristine condition internally and externally. The business is operated with local & experienced members of staff and some have been employed with the current owner for over 20 years, they have gained a strong reputation and are consistently a top sales office and market leader.

The business is heavily focused on property sales which yields over 50% of it’s income however the lettings portfolio is generating a good level of repeat income. The business could be improved by increasing the managed portfolio and over time this will increase the asset value. More involvement with Financial Services would also assist to increase income to this already profitable, well run business.

• 38% income generated from lettings activity
• 27% income generated from the managed portfolio
• 62% income generated from sales activity
• Growth in income could be achieved through 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

Property:

Leasehold

Location:

The office is in a good high street location amongst other estate agents/letting businesses, opposite the town hall with the benefit of on-street parking.

Business Operation

Reasons for selling:

Retirement

Employees:
2
Years established:
21

Franchise Information

Franchise opportunity:

Franchise Resale

Franchise terms:

Whitegates 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.

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