The business was originally launched 10 years ago and was taken over by the current owner in 2017, it is now on the market due to personal relocation.
The business is primarily lettings focused, with the emphasis on a fully managed service. The business could be improved by increasing the managed portfolio, 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 and the business would benefit from more focus on developing the sales service. The office requires rebranding to the current corporate specification however it is located on a busy road with high footfall and drive by traffic. It would be advantageous to continue to trade from this location.
• 91% income generated from lettings activity
• 71% income generated from the managed portfolio
• Growth in income could be achieved through the sale of properties and financial services
• Low level of multiple Landlords and 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 £185K and full business summary information is available upon completing the non-disclosure agreement.
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The office is in a good high street location amongst other estate agents/letting businesses.
The lease expires in August 2022, however there would be the opportunity to renew the lease further.