Profitable and Well Established Lettings & Property Management Agency

  • Price: £350000 (Leasehold)
  • Leasehold Price: £350000 (Leasehold)
  • Annual Turnover: £398,637
For Sale
West Midlands, England, England
Seller Ref:1027NJ
For Sale

Profitable and Well Established Lettings & Property Management Agency

West Midlands, England, England
Seller Ref:1027NJ
  • Price: £350000 (Leasehold)
  • Leasehold Price: £350000 (Leasehold)
  • Annual Turnover: £398,637

Description

If you are looking for a profitable and well-established lettings and property management agency, this is the opportunity for you. This business specialises in high-quality HMO and residential properties in the West Midlands and the surrounding areas, with a loyal customer base and a proven track record of 100% occupancy rate for the last 12 years. The reason for the sale is the retirement and relocation of the current owner, who has built an excellent team and has exclusive contacts in the market that can be transferred to the new owner. The business has also invested in innovative technology and streamlined processes to achieve high customer satisfaction with a reduced headcount. The current revenue comes from lettings, management and repair services, but there is potential to expand into residential sales and increase the fees, which are currently below the market rate. This could generate an additional £50,000 in income per year. The business was established in 2011 and can be relocated to suit the new owner’s preferences.
The lettings agency is a well-established business run by its owners, who are involved in the business’s day-to-day operations. They are supported by an additional five experienced staff, with one acting as a key staff member. This acquisition can be a fantastic opportunity for an entrepreneur to get into this industry or would be ideal for an existing company looking to expand their market share or portfolio. As a potential buyer, you will acquire a business with a strong industry reputation and a loyal customer base. The company has a proven track record of success and has been profitable year on year. With the support of the current owners and staff, you can hit the ground running and continue to grow the business. If you are interested in learning more about this opportunity, please don’t hesitate to contact us.
  • Profitable lettings & property management agency 
  • Well-established with consistent performance year-on-year
  • Currently run by an excellent team with a strong management structure 
  • Specialising in High-quality HMO properties and residential properties 
  • With a proven record of accomplishments and a loyal customer base
  • Set up in 2011 and had a 100% occupancy rate every year in the last 12 years
  • Streamlined processes and innovative technology to enable smarter working
  • Genuine reason to sell due to retirement and relocation
Is this business relocatable:
Yes
Is stock included:
NA

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