Business
Please quote reference B07906

CoGoGo welcomes to the market multi award winning estate agent.

The business was first established by our client back in 2012. As seen by the online ratings and reviews, the business is extremely popular within the area, due to the exclusive marketing services offered and exceptional service, creating the best results for their clients and winning the British Property Awards 2023 for Cornwall.

This has now come to the open market due to our clients desire to retire. 

They focus on the selling of freehold properties, with a portfolio of new properties, new builds, affordable homes and modern-day auctions. They offer free add ons which could be charged. These included premium listings, 3D tours and drone photos. They offer selling services and also help clients with buying. 

The types of properties sold include –

• Houses
• New builds
• Flats
• Holiday Lets
• Land

They currently advertise through some major platforms, their own website, social media, letter campaigns and mailings. They also maximise the use of Facebook, which is used to promote its services to a wider audience and liaise directly with existing and prospective clients. They also have a database of old and new clients and aim to be in regular contact. 

They’ve also won the British Property Awards for three years running, along with numerous other awards which have played invaluable roles in the generation of new business. The Awards they have won include:

• 2021, 2022 & 2023 Gold Winner Estate Agent in Penzance
• 2021 & 2022 Regional Silver Winner Estate Agent in South West (Cornwall)

Scope for further growth –

• With a larger workforce and facilities, they’d be well positioned to deal with an increased volume of work.
• Expand the sectors they cover – potential look into commercial properties or offer rentals
• Rentals is a huge aspect which hasn’t been explored yet. Our client has been asked since 2012 to do rentals and this would significantly increase turnover.
• Increase marketing and advertising – explore other social media platforms.
• Increase the database of clients
• Property finding experts

Location
This is fully relocatable and can be relocated to anywhere in the UK. 

Premises
N/A

Tenure
We are advised that this opportunity is being sold on a Business Only basis. 

Hours
Due to the nature of the business, it can operate all year round. 

Staff
The business is managed by our client but both members of staff have full training to be able to run the practice on their own.  With automated systems put in place the usp’s can also operate independently.

Financial Profile
We are advised as per the 2023 accounts, the business generated a turnover in the region of £197,000. Further financials can be made available upon request.