Estate Agents/Letting Agents for sale in Derbyshire

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Imran Ahmed (Nov 2014)
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Asking price: Offers Invited
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Business Description
Project Banner represents the opportunity to acquire a lettings business operating from leased premises in Derbyshire.
The Company is well established and is the dominant lettings agent in the local area.
The Company’s turnover for the years ended 31 August 2015 & 2016 are shown below:

• 2016 £373,193
• 2015 £342,533

Company EBITDA, adjusted to exclude costs relating to the majority shareholders for the years ended 31st August 2015 & 2016 is:
:
• 2016 £162,266
• 2015 £130,027

By embracing core principles of quality service and customer care the Company has built up a base of loyal customers and is synonymous with the local property market.
The Company has built up a base of loyal landlords and currently has 435 managed properties within its portfolio along with in excess of 120 let only properties.
The Company operates from leased premises at a monthly rent of £1,000 per month.
The premises are in a prime location in their trading area.
In addition to the director, the business employs 3 members of staff:

• 1 x Supervisor
• 1 x Senior Lettings Administrator
• 1 x Lettings Negotiator
Listed by: SunAxis
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