Estate Agents/Letting Agents for sale in Essex

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Sales, Letting and Property Management Company, North Essex.

Essex, England

  • Leasehold Price: £225,000
  • Annual Turnover: £360,000
  • Annual Net Profit: £110,000
Seller Reference: 1209 Essex
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Business Description
Sales, Letting and Property Management Company, North Essex.
Seller Reference: 1209 Essex
Request Details
Business Description
Current annual income is approximately £360,000 (Management/Lettings £100,000 and Sales £260,000). This independent profitable business has been established over 25 years and are the area's premier agent and have built up a superb brand name and local reputation. Accounts for year-end January 2020 show an income of £360,000 and an operating trading profit of £110,000. For sale due to the retirement of the founding owner. The business offers outstanding potential for increasing both property management and lettings income, as they have not been actively marketed or advertised. The current sales pipeline of £90,000 shows that the business is not suffering like many others, from various anxieties in the marketplace with a consistent revenue stream. For sale due to the retirement of the founding owner.
Tenure:
Leasehold
Location Details:
Superb Location
Leasehold Term:
New Lease Initial Annual Rent £12,000
Listed by:
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