Location: Flexible UK/France
Asking Price: £165,000 including Net Asset Value
Business highlights include:
Turnover 2023/24 circa £60k p.a.
Net profit circa £50k p.a.
Net assets circa £5k
Very well established with long term relationships
Superb profit margins
Internet Based Business
Flexible Location
Business Profile:
This independent family owned company is based in England. The owners have been involved in the sale of property in France for many years and pride themselves on the level of one to one service they provide to clients looking to move to France.
The business has an experienced team of negotiators who speak both English and French and are fully trained in French Estate Agency practice. These advisers provide one to one support to clients looking to move and/or purchase a property in France. They assist with navigating the process and pitfalls in what can often be a complicated process.
All Associate Agencies are registered and licensed in France.
The business handles a wide range of residential property from houses, barns to Chateaux.
Property sale prices are not inflated and remain the same as advertised in France. This agency provides the services without charge to clients as commission is shared with the French agencies.
As well as advising on property purchases the agency offers the following services
A Buying and Property Find Service
Assistance with the contracts to purchase
Advice on opening a French Bank Account
Advice on Mortgages
Customers:
The business targets customers worldwide looking to relocate France or buy a second home.
Technology:
Estate Agency software is in place alongside a comprehensive website and the main property portals for listings and searches.
All other necessary IT equipment, including payment systems are in place to run a successful business.
Key Strengths:
Excellent reputation for service
Specialist knowledge and experience with French Property purchase.
Great relationships with local French agents
Growth and Expansion:
There is considerable scope to expand the current business by creating further marketing campaigns and links with additional local agencies in France.
The current owners have a number of ideas in how a new owner could expand the business.
Advertising:
Most work currently comes from the established reputation of the business and referrals from existing customers.
Further business could be easily generated by a clear social media campaign with a range of SEO and PPC advertising. The business currently advertise on major international property portals and further business could be generated by increased marketing activity on these and further social media sites.
Employees:
The business is supported by 2 full time staff who are the current owners.
Premises:
The business can be operated flexibly from an office or home either in the UK or France.
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business has achieved a history of excellent turnover and profits consistently over the last few years.
Turnover 2023 £55,276 p.a.
Net profit circa £42,000 p.a.
The Asking Price of £165,000 is for 100% of the issued capital of the company including Net Asset Value. The asking price of £165,000 assumes a NAV of £5k with a £ for £ adjustment to the final sale price to reflect any movement away from the benchmark NAV of £5k.
A complete asset list is available.
Reason for Sale:
This is a retirement sale.
Support and Training:
The existing owners will provide full support and training to any purchaser, for a period to be agreed.
