This is a superb opportunity to acquire a well-established, and reputable Estate and Lettings Agent business which is headquartered in Lincoln. The business is available on a leasehold basis.
The business has been established since 2012 and has experienced substantial growth on an annual basis since then. The business is for sale as a franchise model and the current owner pays 10% fees to the franchise but benefits from being part of Belvoir and the fact they get reduced fees. One of the main attractions of the business is that it has its own investor portal. At present there are 60 properties that are on guaranteed rent and 186 that are fully managed; all of which are currently full. There are also 28 active “let onlys” and there are currently 3 Landlords on the books who have 5 or more properties but overall, there are 167 Landlords on the list.
The business has an excellent reputation within their industry and local community for competitive pricing, and reliability of service, which has resulted in a vast amount of repeat custom over a sustained period of time. Currently run by an excellent team, generating 28% return on investment, previously residential sales have added an additional £250,000 income, in recent years the focus has been exclusively on residential lettings. Such is the reputation of the business; it has become a household name across Lincolnshire and neighbouring regions for property services.
The premises has been renovated to an exceptionally high standard throughout as the current owner has skilfully combined the character features of the building with modern fixtures and fittings. The business is glass-fronted and has 3 floors which offer spacious office and boardroom facilities.
• Business established since 2012
• Excellent Reputation
• Turnkey business
• High Quality Premises
• Excellent Location
• Loyal Customer base
• Excellent relationships with Landlords
• Substantial Growth on an annual basis since they began trading
• High Turnover – £385,284
• The business is positioned for further growth and success
It is with a heavy heart that the current owners are selling the business due to other interests and a desire to adapt to a life of retirement. Due to the impressive financial figures of the business and their excellent reputation, this represents an excellent opportunity for an entrepreneur or larger organisation looking for a lucrative acquisition as a new buyer would be able to step in and trade with guaranteed incomes straight away.
We have received many enquiries on this business at an initial stage so please contact us to arrange a meeting to avoid disappointment.