Intelligent Business Transfer are delighted to bring to the market this great opportunity to purchase a management portfolio based in Nottingham.
The Portfolio has been built up for just over 2 years and has experienced growth on a monthly basis since then. The Portfolio currently manages 30 properties ranging in size across Nottingham.
The Portfolio offers a more personal and competitive priced service to both landlords and tenants, which attracts new landlords on a regular basis. The bulk of the turnover is generated from managing the properties, however there are many other revenue sources such as charging landlords for inventories, tenant administrative fees and a fee for sourcing tradesman.
If a potential buyer were to advertise the business using social media and in relevant industry publications, their portfolio of landlords would be dramatically improved along with their sales revenue.
A potential buyer could also introduce a sales element to the business which would complement the letting agency and can be extremely lucrative.
The turnover of the business is in the region of £25,000 with an impressive adjusted net profit figure.
It is with a heavy heart that the current owners are willing to sell the Portfolio to pursue other business interests. This Portfolio would suit an entrepreneur with a passion for the property industry or large corporate organisation looking to expand their letting agent portfolio.
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