Residential Property Management
Business Type:
Service Businesses
HISTORY
• The business was originally founded by the vendor over 25 years ago, during which time he has built up an excellent local reputation
REASON FOR SALE
• The business is only now being reluctantly offered for sale as the vendor wishes to retire
SERVICES
• The business manages circa 30 residential properties
• They find tenants, check references, read meters, liaise with all the services, organise any maintenance which may be required from time to time, carry out spot checks to ensure the property is being well looked after and of course, collect the monthly rents which are forwarded after the deduction of their agreed fees
• The average monthly rent in the area is £800
• The business also sells approx 1 or 2 properties a year
CUSTOMERS
• All the clients are within an approximate 10 mile radius of the vendor’s home and are located within 2 specific post code areas
STRENGTHS
• An extremely well established business which has been trading for over 25 years
• A low overhead business which can be run quite efficiently from home
• The business can be run to suit the lifestyle of the vendor
• Requires little or no capital outlay
SCOPE
• Increasing the working area beyond the current 2 post codes within which the business operates
• Have a web site so prospective new landlords will become aware of the services on offer
• Advertise to find new landlords
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
An Energy Performance Certificate will be made available upon request of further details where one is required for the business premises.
• The business is located in the vendor’s home which is in an affluent town in Berkshire.
• Run from home
• Fully re-locatable
• The business requires circa 3 to 4 days per week work directly with the clients
• They can be spr
North Yorkshire
£ 750,000
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