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Residential Lettings/Estate Agency Franchise Located In Plymouth For Sale

Plymouth, Devon
Asking Price:
£275,000 Furniture / Fixtures included
Turnover:
£960,351
Net Profit:
Available on request

Leasehold Residential Lettings & Estate Agency franchise located in Plymouth. Established business with 140 fully managed properties. Turnover £960,351 pa. Ideal bolt on business.

Veritas Business Sales are delighted to offer for sale this respected Residential Lettings & Estate Agency Franchise which is located in the city of Plymouth, Devon. This particular franchise was established back in 2004 and has been in the careful hands of our clients for the past 15 years. Reluctantly the business is now being offered for sale due to other pressing business interests requiring their attention. Since ownership they have continued to grow the business and boast circa 140 fully managed properties and has an annual turnover of £960,351 with a (GP) of £247,648. The office is operated by 1 full time (Director) & 3 full time member of staff. Full training will be provided along with support from Central office subject to terms and conditions.

We believe that there is further potential to increase turnover should you wish. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat client base. This is a superb opportunity to purchase an established business and as such early viewing is highly recommended as this is not to be missed.

Property information

Property:

Leasehold

Lease Terms:

Original term: 10 years
Remaining: 10 years
Rent: £12,000 pa
Business rates: £800 pa

Leasehold Rent:

£12,000 per annum

Location:

This outstanding Residential Lettings & Estate Agency Franchise is located in Plymouth. Plymouth is the largest city in Devon known for its maritime heritage and historic Barbican district. This quaint part of the city has narrow cobbled streets and an abundance of retail shops, bars and restaurants and enjoys busy trade all year. The town is easily accessed via the A38/M5 and mainline railway station.

Premises Details:

Ground Floor
Reception (4.5m x 3.3m).
Main office & showroom (6.2m x 4.6m) with reception desk and 4 communal desks & chairs.
Back office (4.0m x 2.9m).
Unisex W/C (2.2m x 2.2m) with wash basin and shower.
Kitchenette (2.7m x 1.7m) with sink drainer, wall units and tea & coffee make facilities.
IT room.

Business Operation

Years established:
15 years

Franchise Information

Franchise opportunity:

Franchise Resale

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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