Estate Agents/Letting Agents for sale in Hertfordshire

View the "Established Profitable Sales Agency. Affluent area of Hertfordshire" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Established Profitable Sales Agency. Affluent area of Hertfordshire

Hertfordshire, England

  • Leasehold Price: £175,000
  • Annual Turnover: £250,000
  • Annual Net Profit: £110,000
Seller Reference: 1242 Herts
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Business Description
Established Profitable Sales Agency. Affluent area of Hertfordshire
Seller Reference: 1242 Herts
Request Details
Business Description
Current annual income is in the region of £250,000, the current sales pipeline is approximately £220,000 with an average fee of £9,000. The entire income is from residential Sales. Audited accounts for year-end March 2019 show an income of £217,032 and an operating profit of £110,059 (net profit plus directors wages) with an estimated income for 2020 of £229,000 and an excellent sales pipeline and additional new instructions. This is a very established and highly respected independent run business that has built up a superb local reputation and an excellent brand name and offers superb opportunity for increasing trade by undertaking property management and lettings, in this busy and affluent residential area. The business is for sale due to retirement after many successful years.
Tenure:
Leasehold
Location Details:
The unit is in an excellent town centre location, with continual passing pedestrian and vehicular traffic.
Leasehold Term:
New Lease to be granted, terms to be agreed with Annual Rental £12,000.
Listed by:
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