BusinessResale are excited to re-market this robust, profitable and well managed lettings / estate agency to the market.
The owner took the business off the market at the start of the Covid 19 lockdown in order to work with us on a refresh of the marketing material and details and to implement a price reduction. Initially on the market at £275k, the owner has reduced the price to £245k.
Although the price has been reduced, the business has grown in the last 12 months having brought on 20 new let only landlords and doubling the sales portfolio and increasing the sales pipeline from £35k to £75k.
- Robust year on year trading figures
- Great USP!
- Net profits of £70k - £80k year on year
- Around 215 managed properties
- Around 150 let only
- Around 45 available sales properties
- £75k sales pipeline
- Strong management in place
- Well known and national franchise brand
- High quality lettings portfolio - the owner is particular about which properties he brings on.
In the current market, having a business with recurring monthly income and a strong USP is crucial. This business provides both of those!
Contact us for an NDA and further details.