This residential lettings agency operates from one major town in Lancashire with most properties also coming from that local area.
Based in a prominent location the business provides a local service and has grown to be one of the largest operators in the area, with in excess of 270 properties currently under management.
The business focuses on the residential lettings with occasional property sales. Customers are attracted and retained by reputation, customer service, but for the simple, no add-on, fee structure that is operated. Over the past decade the business has also built a good team, capable of running the business in the owners absence.
The business would ideally suit a trade buyer looking to expand their network (the location will only be disclosed once a confidentiality agreement has been completed). The current location and staff are ideal to run the business as a stand alone branch, but our client will consider a consolidation with a local competitor under suitable terms.
Please enquire to complete a confidentiality agreement to find out more. We would advise that we will seek an early discussion re funding, before the location is disclosed.
Residential Lettings Agency
Over 270 Managed Properties
Prominent High Street Location
Management team in place
Prominent retail premises located on a major crossroads in a large Lancashire town.
A 9 year FRI lease was taken in 2014 with breaks and review clauses at 3 years. Rental charged is £2,200 pq.