Estate Agents/Letting Agents for sale in Somerset

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Ian McGregor (Nov 2013)
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Asking price: Offers Invited Annual Turnover: £330,000 Annual Net Profit: £115,000
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Business Description
Opportunity to acquire a lettings business operating from leased premises in Somerset/Devon.

The Company is well established and has been trading for over 20 years.

The Company’s turnover for the year ended 30 April 2015 along with draft figures for the year to the 30 April 2016 are shown below:

• 2016 £327,799
• 2015 £312,170

Company EBITDA, adjusted to exclude costs relating to the majority shareholders for the year ended 30th April 2015 is:
• £116,638

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 over 380 managed properties within its portfolio along with in excess of 250 let only properties.

The Company operates from two leased premises at monthly rents of £11,000 & £4,800 per annum.

Both premises have prime locations in their respective trading areas.

In addition to the director, the business employs 6 members of staff:

• 1 x Branch Manager
• 1 x Office Manager
• 4 x General employees
Listed by: SunAxis
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