Estate Agents/Letting Agents for sale in Suffolk

View the "Martin & Co Resale Opportunity in Suffolk" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 Unbelievable, as I've saved hundreds on agents fees, by doing it myself. 

Anjam Hussain (Jun 2017)
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Asking price: £145,000
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Business Description
This franchise business has been trading for nearly 10 years by the current owner. It is now on the market due to owner consolidating & wanting to concentrate and operate in his other Martin & Co office. The business is well run and overseen by a very well-established franchise owner but would benefit from the owner working in the business day to day.

The business is primarily lettings focused, with the emphasis on a fully managed service. The business could be improved by increasing the managed portfolio, which in turn would generate repeat income on a monthly basis and over time this will increase the asset value. A sales service is in operation however, it has not yet reached its full potential and the business would benefit from more focus on developing the Sales service.

• 90% income generated from lettings activity
• 53% income generated from the managed portfolio
• Growth in income could be achieved through the sale of properties and
financial services
• Low level of multiple Landlords and no Housing Association tenancies in
place currently

The business is in a good high street location amongst other estate agents and on the edges of a shopping centre.

FRANCHISE TERMS
Martin & Co is a brand owned by The Property Franchise Group PLC, one of the UK's largest and most experienced franchise operators. The initial Franchise Fee is £18,500 +VAT and the Franchise Agreement is for 5 years. The monthly Managed Services Fee (MSF) is 9% +VAT of your gross monthly income and includes unlimited ongoing Head Office support. The Franchise Agreement is renewable for a fee of £500 +VAT, there is no upper limit to the number of franchise renewals.

FINANCING AVAILABLE
The Property Franchise Group can assist you with funding and the business model is seen very positively by our panel of high-street banks. You can secure up to 70% of the total costs of acquiring this business and any working capital required, and the business could be purchased with as little as 30% personal investment. Some sellers may consider staged payments and we can assist you in the negotiation of a suitable funding solution to meet your personal circumstances.
N.B. Costs and franchise fee may vary with the hybrid route in comparison to the traditional high street set up.

FULL TRAINING & SUPPORT
The Property Franchise Group will ensure that you are fully trained before you take over the running of this business, including an in-depth induction course, market trends/analysis review, mentor training, plus on-site support days with an experienced property professional, known as a Brand Development Manager. The In-house Training & Leadership Academy offer various courses throughout the year for you and your staff, this is unique to The Property Franchise group! No previous property experience is required to make a success of this venture!
This opportunity is on the market for £145,000 and full business summary information is available upon completing the non-disclosure agreement.
Please complete the form below to get in touch.
Number of Employees: 2

Website:

Listed by: The Property Franchise Group

Find out more about this business opportunity.

 
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