Estate Agents/Letting Agents for sale in Audenshaw

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Amy Cross, (July 2016)
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Leasehold Price: £54,950 Annual Turnover: £60,000 Annual Net Profit: £20,000
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Business Description

Intelligent Business Transfer are delighted to be able to offer this superbly well-developed business to the market for the first time since inception. The business is to be sold at a period of acceleration due to its recent growth of contracts with local landlords.

The business has grown cumulatively year on year since it was established by the current family owners. The business occupies a very firm hold of a desired market within the letting agency and management sector and has around 70 let properties on its books.

The turnover for the business is consistent and growing at a fast pace, there are few large overheads within the business which allow for a tangible net profit that can be adjusted to over £30,000. As well as this, the business always has a large pipeline which is to be negotiated on sale.

The average let for the business is around £500-£700 and focuses around Droylsden and the surrounding suburbs to the east of Manchester City Centre.

Overall the business would make an ideal bolt on purchase as well as a strong opportunity for owner operation alongside a small team of staff. The current owner is looking to sell in order to meet a set exit plan after over achieving initial success expectations.
Number of Employees: 1

Tenure: Leasehold

Listed by: Intelligent Business Transfer
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