We have a huge opportunity on offer for a buyer to acquire a lettings and estate agency serving the Hull, Beverley and greater Humberside area. This franchise brand has been a consistent performer over the years, but is yet to be in the ownership of a leader that can drive the business to the level that the brand deserves.
There are around 129 lettings properties under management and around 10 properties on the sales stock. Gross Profit is around £170K pa with net profit around £18K, but with the business running under 100% management with no owner involvement whatsoever. The business operates from lovely high-street premises in a Hull feeder-town, but there is huge scope to increase business by relocating (or opening office 2) in central Hull to increase brand visibility in the city centre.
The owner has diversified into other business lines and wishes to concentrate efforts into other ventures.
Full training and incredible support is available to buyers, meaning no direct property experience is necessary.