Profitable Lettings Agent for sale (Fees delivering 33.7% ROI based on purchase price of £525,000 to allow owners to step down and retire).
Currently run by an excellent team, but would generate 33.7% return on investment, if Self-Managed. If left to run with the current trained & experienced staff, with zero input required on a day-to-day basis, profit would deliver 16.7% ROI.
Looking for a lucrative business opportunity with unlimited potential? Look no further than our Letting Agency!
Currently delivering £176,000 adjusted profit, if run by husband-and-wife team.
Our successful and established Letting Agency is now available for purchase again, as previous buyer did not meet the franchise criteria, providing an incredible opportunity for a savvy entrepreneur looking to enter the lucrative property management industry. With a proven record of accomplishment and a loyal customer base, this is the perfect chance to take over a profitable business.
The current £176,000 profit is from lettings only, with the option to expand into residential sales, which could deliver an additional £150,000 - £200,000 income.
Our Letting Agency has built a solid reputation for providing exceptional customer service. Our focus is dedicated to helping landlords and tenants achieve their goals, and we have a history of providing outstanding results, winning multiple industry awards.
Having invested in streamlined processes and innovative technology to enable smarter working, with reduced headcount our business is still able to achieve excellent customer ratings, making us the go-to agency for anyone looking to let or rent a property in the area.
As the housing stock is still at record lows, versus demand, rents continue to rise, and occupancy rates are at all-time highs. Currently, our portfolio of over 220 properties is at 98% occupancy. We continue to build excellent working relationships with both Landlords and tenants, resulting in fewer issues and very few overdue payments, our current arrears book stands at only 7.3%, resulting in good cashflows into the business.
During the past year, we have been able to increase our fees, based on providing a first-rate service, whilst tactically ending relationships with some clients with poorly maintained properties and whose aspirations did not fit into our business strategy. These old clients took up a disproportional amount of time versus their fees paid.
As a result of the above strategy, we have a slightly smaller portfolio, delivering both increased cash and percentage monthly income. Our average percentage fee income is currently at 18.6% Gross / 15.5% Net of VAT.
But that's not all! Being part of a Franchise network, our Letting Agency comes with a solid brand presence, established marketing channels, and a wealth of industry connections, giving you a head start in a competitive industry. Our loyal customer base is a testament to the quality of our services, and we have excellent reviews and testimonials to back up our claims.
Whether you're an experienced property manager or a first-time business owner, our Letting Agency is the perfect opportunity to hit the ground running and achieve success in the property management industry. So why wait? Contact us today to learn more about how you can take over this exciting and lucrative business opportunity.
As mentioned previously, this is a franchise, therefore any existing agents would be required to merge/rebrand their existing agency into the franchise. It is not possible to acquire this business/portfolio without the franchise.
