Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Lettings And Estate Agency In Northamptonshire For Sale

Northamptonshire, UK
Asking Price:
£90,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

The business has been trading for 11 years and was taken over by the current owner in 2017. It is now on the market due to owner wanting to focus on his other Martin & Co offices. The business would benefit from having a hands on owner and would need gain more market share and brand presence by trading in a high street office.

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 Is in place however, it has not yet reached its full potential and the business would benefit from more focus on developing the Sales service, along with Financial Services.

The new owner would be expected to relocate into new offices on the high street.

88% income generated from lettings activity
59% income generated from the managed portfolio
Growth in income could be achieved through the sale of properties and financial services
Low level of multiple Landlords and no student properties

Further information is available upon request; please contact the seller below for more details.

Property Information

Property:

Leasehold

Location:

The Northampton office is in a serviced office with parking, rent inclusive.
Please note: The business would need to be relocated in a high street location within an agreed timescale

Business Operation

Reasons for selling:

Business is on the market due to owner wanting to focus on his other Martin & Co offices

Employees:
3
Years established:
12

Franchise Information

Franchise opportunity:

Franchise Resale

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 monthly Managed Services Fee (MSF) is 9% +VAT of your gross monthly income and includes unlimited ongoing Head Office support. The initial Franchise Fee is £18,500 +VAT and the Franchise Agreement is for 5 years. The Franchise Agreement is renewable for a fee of £500 +VAT, there is no upper limit to the number of franchise renewals.

Other Information

Support & training:

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 Launch & Integration Manager. We also offer various courses throughout the year for you and your staff. No previous property experience is required to make a success of this venture!

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.

Website:
Login or register to view link

Contact The Property Franchise Group

  1. This email address is already registered. Log in to continue.
      1. Postcode not found. Please try again

    1. or
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

  2. What will happen?

    When you tick this box we will pass a copy of your details (excluding your message) along with the name of the business you enquired on to finance specialists ASC Finance. They will contact you about financing your business purchase.

By submitting this form, you confirm that you agree to our terms and conditions. Please note that BusinessesForSale.com will send the above details to The Property Franchise Group. For more information about how we use your data, read our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business