Estate Agents/Letting Agents for sale in Derbyshire

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Mr & Mrs Campbell (Jan 2015)
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Leasehold Price: £175,000 Annual Turnover: £125,000 Annual Net Profit: £40,000
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Business Description

Intelligent Business Transfer are delighted to be able to offer this superbly well-developed business to the market for the first time since inception. The business is to be sold at a period of acceleration due to its recent selection as a Hunters branch.

The business has grown cumulatively year on year since it was established as an independent Sales and Lettings agency over 4 years ago. The business occupies a very central position in the town of Glossop which provides a very large catchment area that is largely unlimited by the supportive Franchisor.

The business has a tangible share of the market and operates at a more profitable level then the town’s other agencies. There is a strong pipeline of sales as well as a lettings portfolio that is increasing week by week. The rental side of the business provides consistent revenue that fuels the strong profits for the business.

The average sale price for the business is around £170,000 on the standard sales side. A hugely exciting part of the business would be the recently developed ‘Hunters Exclusive’ product. This is well facilitated in the business’s well visited office. The predicted offering is aimed at the higher end of the market and compliments the trading area where high value properties are in abundance.

The turnover for the business is consistent and growing at a fast pace, there are few large overheads within the business which allow for a tangible net profit that can be adjusted to over £50,000. As well as this, the business always has a large pipeline which is to be negotiated on sale.

Overall the business would make an ideal bolt on purchase as well as a strong opportunity for owner operation alongside a very competent team of staff. The current owners are looking to sell in order to meet a set exit plan after over achieving initial success expectations.
Number of Employees: 3

Tenure: Leasehold

Listed by: Intelligent Business Transfer
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