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.