EXCELLENT FRANCHISE LETTING BUSINESS
Price:
Leasehold - £125,000
Location:
Nottinghamshire
Business Type:
Service Businesses
EXCELLENT FRANCHISE LETTING BUSINESS - NOTTINGHAMSHIRE
Very good customer base with 80% being managed properties
Recognised as the UKs leading residential letting groups
Turnover £145,931 P/A with excellent profit returns
Early interest is highly recommended
Situated in Bulwell, Nottingham
LEASEHOLD
Business History
Meridian Business Sales are delighted to offer for sale this very successful lettings franchise business which was first established by our client in 2002 who is only now placing it onto the market due to his strong desire for semi-retirement. The business which is run and managed by our client with the assistance of staff achieves a very respectful annual turnover of £145,931 derived from offering the a full range of letting services. The business has two main revenue streams which comprise of a tenancy sourcing service and a managed property service. The business operates to a very high 80% of clients being on a managed service which is monthly billable service which contributes to a very consistent turnover. This is a very well structured and well presented opportunity coupled with full franchise support from an award winning franchise provider. We feel that this opportunity provides a new owner with an excellent base to build upon and we urge early viewing of this very successful franchise.
The business is situated in Bulwell just North of Nottingham. The property is situated in a very densely populated area which in turn supplies an endless amount of landlords and tenants. The franchise operates throughout Nuthall, Hucknall, Bulwell and the surrounding areas so its location is ideal to cater for the designated areas. The area has a very high percentage of private rented accommodation being 30+ % which is a huge advantage for the franchisor. Bulwell is becoming a very popular business and residential area due to its housing, good schools and NHS services, excellent shopping facilities and reliable public services. The location has 2 neighbouring golf courses, a rail station close by making accessing the office very easy. The location is also benefits from being less than 3 miles away from the M1 motorway which makes UK travelling very easy.
Leasehold
Original length: 6 years
Remaining: 9 months
Review: 3 years
Rent: £6,000pa
Shared usage property offering high security, advertising space, reception, open plan working space, private meeting/management office, kitchenette and toilet facilities.
GROUND FLOOR
Public lobby area
Secure entrance
Counter reception area
Rear of reception sectioned off office/work area
3 well spaced work stations with desks and chairs, large fitted safe, storage cupboards
Lobby with toilet
Hallway accessing
Kitchenette worktops and wash basin
Private office for meetings and management facilities
Paperwork storage area
FIRST FLOOR
Access via shared stairway to locked facility
Lobby accessing 2 x offices
Office 1 work area for 1 with server, photo copier, tv & dvd machine
Office 2 storage room with paperwork filling system
Equipment
Briefly comprising of
7 x Dell computer systems
Canon Inkjet printer
HP Laser jet printer
HP Office jet printer
HP Ink jet printer
All desks, chairs and office storage equipment
Meeting table with 6 chairs
North Yorkshire
£ 750,000
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