Service franchise resales for sale in East Sussex

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

  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Asking price: £190,000
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Business Description
This office currently operates as a business partnership and has a good level of staff within the business, it is on the market as the franchise owners would like to focus on other business ventures outside of the industry.

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 has been launched however, it has not yet reached its full potential – the business would benefit from more focus on this area and taking advantage of this lucrative market.

• Rolling 12 months turnover £173,423
• 88% income generated from lettings activity
• 54% income generated from the managed portfolio
• Low level of multiple Landlords
• Office situated in a fantastic location and has been recently refurbished
• Opportunity to develop the business further with an additional office

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 £190,000 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: 3

Website:

Listed by: The Property Franchise Group
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