Estate Agents/Letting Agents for sale in Tyne and Wear

View the "Franchised Lettings Agency For Sale - North East" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Franchised Lettings Agency For Sale - North East

Tyne and Wear, England

  • Price: £120,000  Price Reduced arrow_drop_down
  • Annual Turnover: £190,000
Seller Reference: BRS810
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Business Description
Seller Reference: BRS810
Request Details
Business Description
TaylorMayers have been instructed to find a buyer for our clients Lettings Agency in the North East. The business is currently run under full management via he team in the office with 6 members of staff currently in place. The owner will admit that the staff levels are high in order to allow the business to run without the owner being needed on a day to day basis.

The office handles some 150 fully managed properties across two key areas in the North East. Property sales are few and far between and are seen as a key area for growth moving forwards.

Highlights include:

- £190k turnover
- Business sits at breakeven
- 150 properties under management
- Office run under full management
- Huge growth potential

We see this as a platform for growth, a buyer needs to be aware that the business is at breakeven and needs to inject capital to allow growth to take place.

The business is marketed for sale at £150,000. There is an additional franchise fee payable of £18,500+vat which covers full training, onboarding and ongoing support.

Contact us now for an NDA and ful details on the business.
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