Estate Agents/Letting Agents for sale

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Thriving Spanish Real Estate Business - €850k EBITDA

Spain

  • Price: €4,200,000
  • Annual Turnover: €1,700,000
  • Annual Net Profit: €850,000
Seller Reference: BRS 2716
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Business Description
Thriving Spanish Real Estate Business - €850k EBITDA
Seller Reference: BRS 2716
Request Details
Business Description
Our clients operate one of the most profitable Real Estate companies in their region. They focus only on property sales and have developed impressive systems and marketing methods to drive their sales pipeline. They operate with high consistency, focussing on selling mid-range stock primarily to UK buyers. There is no lettings income, either from holiday lets or long-term rentals, therefore there is huge scope to increase revenue by adding a lettings division. The day-to-day of the business is ably led by an operations manager, with the owners providing further drive and direction into the success of the office. The team comprise around 20 staff on a mix of employed and commission-only contracts.

The brand is super-strong and can be franchised or expanded organically throughout Spain and Europe. Currently, English is the dominant language in the office and the majority of sales are to UK residents. This offers massive scope to open up marketing channels that attract buyers from other nations such as Russia, Scandinavia, Germany, etc.

Financial performance is strong year-on-year, showing over €850k EBITDA from turnover c €1.7m. Stock levels are consistently high at over 1000 listings. Relationships with local and national developers are secure and the company is highly respected by the major national banks.

The owners are open to an extended transition period if required, and are open to partnering with a significant corporate operator who may be looking to establish continental presence.

The sale is strictly confidential, so please contact us for an NDA and a conversation.
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