Estate Agents/Letting Agents for sale in City of London

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Well Established Estate Agents Business

City of London, London, England

  • Price: £39,995
  • Turnover: £117,267
  • Gross Profit: £116,668
Seller Reference: B05825
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Business Description
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: B05825
Request Details
Business Description
Business
Please Quote Reference B05825

Hilton Smythe are delighted to present to the market Ladybird Living, an exciting independent Estate Agents established in January 2017.

The highly regarded central London agency is now being offered for sale due to our client’s time being focused now on her young family.

The easily transferable business only opportunity comes with a full database of over 3,000 clients with approx. 500-600 current clients in contact. Our client offers both property sales and lettings as well property management.

Ladybird Living’s client base includes professional landlords, buy to let investors and overseas clients looking to capitalise on London’s healthy property market.

We are advised the business is split 70% lettings and 30% property sales.

Our client will be very happy to offer a full business handover to ensure the smooth transition of the agency, she has invested both time and money to ensure the current team are fully trained and highly professional.

There is an excellent website which details the services (see below)

Letting service;


  • We extensively advertise your property. Photos, floorplan, all the main portals: Rightmove, Zoopla, Prime Location, On the Market, etc.

  • Letting the property, carrying out viewings (7 days a week and out of hours if needs be), negotiating terms, etc.

  • Organising tenant referencing, exploring a tenant’s credit history, previous landlord and employment status, plus Right to Rent verification.

  • Drawing up the tenancy agreement.

  • Advice on up-to-date legal and regulatory compliance (GSC, EPC, etc.).

  • Organising an independent inventory, check-in and check-out.

  • Organising a pre-tenancy cleaning.

  • Collection of deposit and first month’s rent.

  • Deposit management with an approved scheme.

  • Transfer of all utilities and council tax obligations at the start of the tenancy.


Fully Managed;


  • Here at Ladybird Living, we strongly believe that good management comes down to one thing above all else: communication. Our experienced property management team offers a bespoke solution for Landlords tailored to suit your needs.


Our services include the above lettings service, plus:


  • Arranging for any pre-tenancy work to be carried out to the property.

  • Safekeeping of your keys throughout the tenancy.

  • The renewal process, including rent increase negotiations.

  • Property inspections before, during, and after the end of the tenancy.

  • Collection of all rent, and rental reminders if necessary.

  • Issuing rental statements of account for your, or your accountants, records.

  • Payment and coordination with any service charge, ground rent, insurance providers or block managers as required.

  • Resolving of any general maintenance issues and obtaining specially negotiated quotes with approved contractors.

  • Reviewing the check-out report, advising on any deductions from the deposit and agreeing any tenant payments.

  • Transfer of all utilities and council tax obligations at the end of the tenancy.

  • Management during any vacant periods.

  • Design and refurbishment advice service if needed.

  • Ladybird Living focuses on providing a first-class customer service, marketing our clients’ properties effectively, innovatively, and in line with the latest technology. We further ensure clients remain legally compliant with the most recent legislation.

  • FREE instant online valuation of your property in 60 seconds Or FREE in person valuation.


Valuation;


  • Free, instant online property valuation in 60 seconds.

  • Free, in person extensively researched valuation of your property.

  • Sign terms & conditions in person or online.

  • No upfront fees.


Marketing;


  • Specialist property photographer instructed.

  • Variety of colour photographs and floorplan created.

  • Photographs and description provided for your approval.

  • Submit your own additional comments to be displayed on the advert.

  • We proactively call our database of qualified buyers to market your property.

  • Access to buyers employed by some of the world's most respected companies.

  • Access to buyers via our relationships with leading relocation agents, private banks, and diplomatic embassies.

  • Access to buyers via our relationships with leading relocation agents, private banks, and diplomatic posts.

  • Listed on major property portals, including Rightmove, Zoopla, On The Market and Prime Location.

  • Access to Premium Listing and Featured Property upgrades on Rightmove, resulting in double the detailed views of a regular listing.

  • Advertising on www.ladybirdliving.co.uk.

  • Targeted Facebook advertising.

  • Targeted email alerts.

  • Request a price change at any time.


Viewings, offers and completion;


  • No unaccompanied viewings.

  • Out of hours viewings accommodated where necessary.

  • Buyer qualifications checked.

  • Buyer identity verified.

  • Regular updates with buyers' feedback in relation to your property.

  • Immediate updates regarding offers.

  • Dedicated negotiations to achieve the best price.

  • Single point of contact from valuation to completion.

  • Constant communication with buyers' estate agent.

  • Constant communication with buyers' mortgage broker.

  • Constant communication with buyers' solicitor.

  • Constant communication with buyers' surveyor.

  • Legal and regulatory compliance.


We believe any new owner will be able to capitalise in our client’s hard work, currently there is £55,000 in the property sales pipeline.

Any new owner could further grow the business by increasing the lettings focus and increasing the size of the current team.

Location
Ladybird Living is being sold as a Business only opportunity however our client currently runs the agency from a shared office space in Fitzrovia, London.

The agency offers both sales and letting including property management services with central London area which include Knightsbridge, St. Johns Wood, Chelsea, Hammersmith, Waterloo, Marylebone, Lambeth, Primrose Hill, Kensington, Battersea, Soho, West End, Paddington, Kings Cross and Chelsea.

The business could easily be relocated to any location in London or surrounding areas, however having a central office location assists with viewings and site meetings within the above areas.

Premises
Business website and IT equipment.

Tenure
Business only.

Hours
MONDAY - FRIDAY - 9am to 8pm

SATURDAY & SUNDAY - 10am - 4pm

Staff
The business is run and managed on a part time basis by our client with the help of 1 x Negotiator/Office Manager, 1 x office apprentice and 1 x self-employed Sourcing Manager who is employed on a self-employed (commission share system) basis.

Financial Profile
As of the 2018 accounts the business achieved a turnover of £117,267 and an adjusted net profit of £24,670. For further information please reference B05825.

Is this business relocatable:
Yes
Listed by:
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