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Lettings Agency £200k Net Profit In Lancashire For Sale

Lancashire, UK
Asking Price:
£635,000
Sales Revenue:
£1,300,000
Cash Flow:
£200,000

Our client is looking for a buyer for their Lettings & Estate Agency in Lancashire. The business is well established having been operating for over 10 years from a modern and well positioned office. The financials are robust, with the most recent YE accounts showing a readjusted net profit of £245k and the 9 months since the last YE showing £148k of net profit.

The office is well managed with a with a manager and 4 other members of staff. The owner is involved in the business, however, their roles are generally limited to management, strategy, finances and marketing.

Highlights include:

- £200k + net profit
- c450 fully managed properties
- 500+ let only properties
- c30 sales properties (scope to grow lettings arm of the business)
- Well managed business
- Well known franchise brand
- Retirement sale

The business is offered for sale at £635,000. There is an additional franchise fee payable.

Property Information

Property:

Leasehold

Contact TaylorMayers Ltd

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