Estate Agents/Letting Agents for sale in West Midlands

View the "Lettings & Estate Agency For Sale - £480k NP - South West / West Midlands" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

Lettings & Estate Agency For Sale - £480k NP - South West / West Midlands

West Midlands, England

  • Leasehold Price: £1,600,000
  • Annual Turnover: £1,200,000
  • Annual Net Profit: £480,000
Seller Reference: BRS4046
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Business Description
Seller Reference: BRS4046
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Business Description
BusinessResale have been instructed to find a buyer for this highly profitable, fully managed, well established and consistently growing franchised lettings & estate agency in the West Midlands/South West region.

The business operates from 3 modern and well positioned premises. Having been established in 2008, the business has built a large and robust portfolio of managed properties looked after in the capable hands of the management team & experienced staff employed within the business, leaving the owners to concentrate on strategy, marketing and finances.

The business has recorded year on year growth since 2008 with this trend set to continue in 2021 with the current interim turnover indicating further substantial growth. Financial services are not currently provided to their clients which would see a sizeable uplift in income moving forwards.

Highlights include:

- c900 fully managed properties
- c700+ let only properties
- c£150k+ sales pipeline
- Expected £1.2m+ turnover for the YE2021
- £437k EBITDA for YE2020
- £480k EBITDA expected for the YE2021
- Capable team in place to manage the business
- Year on Year growth since 2008
- Well known franchise brand
- 13 year trading history

The business is listed for sale at £1,600,000. There is an additional franchise fee payable.

Contact us for an NDA and further details. Please note this is a franchised business and therefore would not be suitable for a bolt on acquisition. Any existing agent looking at this would be required to re-brand their current business into this particular franchise brand.
Tenure:
Leasehold
Listed by:
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