Estate Agents/Letting Agents for sale in Plymouth

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Residential Lettings & Estate Agency Franchise Located In Plymouth

Plymouth, England

  • Leasehold Price: £275,000
  • Annual Turnover: £960,351
  • Annual Gross Profit: £247,648
Seller Reference: 2386
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Business Description
Seller Reference: 2386
Request Details
Business Description
Leasehold Residential Lettings & Estate Agency franchise located in Plymouth. Established business with 140 fully managed properties. Turnover £960,351 pa. Ideal bolt on business.

Residential Lettings & Estate Agency Franchise Located In Plymouth  
Ref 2386

Location
This outstanding Residential Lettings & Estate Agency Franchise is located in Plymouth.  Plymouth is the largest city in Devon known for its maritime heritage and historic Barbican district. This quaint part of the city has narrow cobbled streets and an abundance of retail shops, bars and restaurants and enjoys busy trade all year. The town is easily accessed via the A38/M5 and mainline railway station. 

Leasehold Asking Price: £275,000

Business Description 
Veritas Business Sales are delighted to offer for sale this respected Residential Lettings & Estate Agency Franchise which is located in the city of Plymouth, Devon. This particular franchise was established back in 2004 and has been in the careful hands of our clients for the past 15 years. Reluctantly the business is now being offered for sale due to other pressing business interests requiring their attention.                                                                                                                                                                   Since ownership they have continued to grow the business and boast circa 140 fully managed properties and has an annual  turnover of £960,351 with a (GP) of £247,648. The office is operated by 1 full time (Director) & 3 full time member of staff. Full training will be provided along with support from Central office subject to terms and conditions.                                                                                                                                                                             We believe that there is further potential to increase turnover should you wish. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat client base. This is a superb opportunity to purchase an established business and as such early viewing is highly recommended as this is not to be missed.                                                                                                                                
Opening Hours
Monday - Friday - 9.30am - 5.30pm
Saturday & Sunday - closed

     
Leasehold 
Original term: 10 years                                                                                                                                                                                  Remaining: 10 years                                                                                                                                                                          Rent: £12,000 pa                                                                                                                                                                                 Business rates: £800 pa
    

Ground Floor
Reception (4.5m x 3.3m). 
Main office & showroom (6.2m x 4.6m) with reception desk and 4 communal desks & chairs. 
Back office (4.0m x 2.9m). 
Unisex W/C (2.2m x 2.2m) with wash basin and shower.
Kitchenette (2.7m x 1.7m) with sink drainer, wall units and tea & coffee make facilities.
IT room.

                                                                                                                                                                                                                                      
                                                                                                                                                                                                                           

Tenure:
Leasehold
Location Details:
This outstanding Residential Lettings & Estate Agency Franchise is located in Plymouth. Situated within a prominent and highly visible trading position on Sutton Road. Plymouth is the largest city in Devon known for its maritime heritage and historic Barbican district. This quaint part of the city has narrow cobbled streets and an abundance of retail shops, bars and restaurants and enjoys busy trade all year.
Is this business relocatable:
Yes
Listed by:
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