The business has been trading since 2009 and was started from scratch. Since launching, the business owner and brand has developed a fantastic name in the local area by investing in marketing, sponsorships and word of mouth.
The area achieved high average rents and property sales and benefits from having a mature and well established team in place. The owner now wishes to exit the business due to other commercial ventures and to continue to develop their own personal portfolio.
The business is primarily lettings focused, with the emphasis on a fully managed service. The business could be improved further increasing the managed portfolio and acquiring portfolios from independent businesses which in turn would generate repeat income on a monthly basis and over time, this will increase the asset value. A sales service has been launched however, it has not yet reached its full potential. A Financial Services offering would also be of benefit and would complement the sales activity and other products that can be provided to vendors and Buyers.
Due to the continuing success of the business the office was relocated approx. a year ago and has undergone an extensive refurbishment with no expense spared to include state-of-the-art window displays.
• 85% income generated from lettings activity
• 72% income generated from the managed portfolio
• Low level of multiple Landlords
• No student properties
Martin & Co is a brand owned by The Property Franchise Group PLC, one of the UK's largest and most experienced franchise operators. The initial Franchise Fee is £18,500 +VAT and the Franchise Agreement is for 5 years. The monthly Managed Services Fee (MSF) is 9% +VAT of your gross monthly income and includes unlimited ongoing Head Office support. The Franchise Agreement is renewable for a fee of £500 +VAT, there is no upper limit to the number of franchise renewals.
The Property Franchise Group can assist you with funding and the business model is seen very positively by our panel of high-street banks. You can secure up to 70% of the total costs of acquiring this business and any working capital required, and the business could be purchased with as little as 30% personal investment. Some sellers may consider staged payments and we can assist you in the negotiation of a suitable funding solution to meet your personal circumstances.
N.B. Costs and franchise fee may vary with the hybrid route in comparison to the traditional high street set up.
FULL TRAINING & SUPPORT
The Property Franchise Group will ensure that you are fully trained before you take over the running of this business, including an in-depth induction course, market trends/analysis review, mentor training, plus on-site support days with an experienced property professional, known as a Launch & Integration Manager. We also offer various courses throughout the year for you and your staff. No previous property experience is required to make a success of this venture!
This opportunity is on the market for £500,000 and full business summary information is available upon completing the non-disclosure agreement.
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The newly refurbished office is in a very good High Street location amongst other estate agents/letting businesses, opposite the tube station on a busy road with a strong visual presence.