A well-established, robust business established 19 years ago from a cold start. The business is now on the market for sale as the existing owners are looking to retire.
Each office is primarily lettings focused, with the emphasis on a fully managed service. The business 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.
82% income generated from lettings activity
70% 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.