Our client is looking to secure a buyer for his lettings / estate agency in a prime West London borough. The owner has run this business for over 10 years and has built up a strong reputation and robust portfolio consisting of around 155 properties on various management packages. The business sits at around a breakeven point on lettings only income, the profit in the business comes from property sales which given the high value area, can generate some healthy income from a low number of sales. In the last year the business old 12 properties generating income of around £80k!
- High value territory
- Super strong landlord to property ratio
- A total of around 155 properties under managements (full management/let only, rent collect, guaranteed rent)
- Good management in the business
- Great branding!
- Genuine reason for sale
The business is listed for sale at £190k for an asset purchase.
Enquire now for an NDA and further details.