Estate Agents/Letting Agents for sale in Codsall

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Highly Profitable Estate Agency in Codsall

Codsall, Staffordshire, England

  • Leasehold Price: £175,000  Price Reduced arrow_drop_down
  • Annual Turnover: £150,850
  • Annual Gross Profit: £131,388
  • Annual Net Profit: £74,683
Seller Reference: 164
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Business Description
 
 
 
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Seller Reference: 164
Request Details
Business Description
This is a superb opportunity to acquire a well-established, Estate Agency based in Codsall, Wolverhampton. The business is available on a leasehold basis.
The business acts as a traditional estate agency, with their core focus being the sale of residential properties in and around the local area. The business benefits from referrals for a wide range of related services such as conveyancing and legal services, valuation services, Homebuyer reports, EPC’s and building surveys. The business has built up an excellent reputation in their industry and local community and have firmly established themselves as a household name in the local area.

• Excellent Reputation in local community and Industry
• Established Brand
• Award Winning – Listed as No.1 within a 5-mile radius in the best Estate Agency Guide 2019!
• Established in 2014.
• Vast amount of repeat and Recommended Custom.
• Excellent Reviews.
• Affluent Location boasting high value property values and buyer demand
• Large amount of property development due in the area over the coming months/years. Providing potential to secure lucrative relationships going forward.
• High Quality Premises in a busy shopping precinct. Benefitting from good visibility and passing trade
• Profitable Relationship secured with a national homebuilder.
• Long standing relationships secured with Independent property developers and landlords
• Minimal Competition in the area
• Minimal Overheads
• High Turnover - £150,850 (2019)
• Net Profit - £75,683 (2019)
• High Adjusted Net Profit - £90,000 (approx.) (2019)
• High Profit Margin – 80% +
• The Financials are predicted to be significantly higher in 2020
• Huge Potential for further growth and success

The current owners are now in a position where they can semi retire and are therefore looking to pass on this fantastic business to an enthusiastic new owner. This is an excellent opportunity for an entrepreneur looking for a business with solid foundations for future growth and success or an independent or national estate agency looking for a lucrative acquisition.

Due to the huge potential and nature of this business we are already experiencing a high volume of enquires, so to avoid disappointment, please contact us for further information.
Tenure:
Leasehold
Competition:
Minimal in the Area
Support and Training:
Full Handover, Training and Transitional Period Available
Location Details:
Superb, High Footfall Location
Leasehold Term:
Competitive Lease Available
Listed by:
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