Description
Having been established for 18 years, a large franchise within the Belvoir Group has become available in Hertfordshire. The owners wish to commence their retirement plans. The office is located in a large town which falls within a popular commuter area, with excellent transport links. London Euston is just 20 minutes away.
Key highlights are below (YE Jan 2023):
• Turnover £910K
• Adjust net profit circa £110K
• Property portfolio is circa 155, comprising 88 fully managed, 45 guaranteed rent and 22 rent
collection. In addition, there is 89 let only properties, many with annual renewal fees.
• Estate agency is currently providing less than 5% of total turnover and is a huge opportunity.
• Further growth opportunities within property sales, mortgages, conveyancing referrals and
financial services.
• Excellent reviews (Google and All Agents) with the office being awarded BEST AGENT on
multiple occasions, including in 2023.
There is an accomplished team in place. This is an ideal business for someone who has a passion for property, both in terms of sales and lettings.
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