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The business has been trading for over 10 years and was set up from scratch by the existing owner and was then expanded by opening an additional office in order to develop the business further and focus on increasing sales.
As part of the sale there will be a requirement to assign both of the leases for the offices and to continue to trade in both locations. The current owner has focused on providing good customer service and focused on growing and developing the team which has ensured there is a good stable team in place.
The business is primarily lettings focused, with the emphasis on a fully managed service. The business could be improved further 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 but it has not yet reached its full potential.
96% income generated from lettings activity
67% 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 student properties
Further information is available upon request; please contact the seller below for more details.
One office is in a good highly visible location with on street parking available and second office is in a great location within a development, amongst a mix of both independent and well know brand businesses and free parking with exclusive rights to trade as the only agent within the development.
Please note: A rebrand of the offices will not be required, both premises already meet the current corporate specification
The business owner is selling due to retirement.
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.
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!
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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