The business has been trading for over 14 years and was taken over by the current owner in 2007.
The business is not the core commercial activity for the owner, and the business will perform much better in the hands of an owner who can dedicate full time attention and commitment to maximising profit within the company and to growing the lettings portfolio and dealing is sales and financial services. Hence, he has decided to sell the business.
The business operates in a densely-populated area and handles around 150 fully managed properties and a further 10 or so on rent-collection only terms. There are a further 185 properties on the database to whom the agency provides tenant-find only services (numbers may vary month on month).
There is scope for growth and improving profit margins. A new owner who is focused on the business has the opportunity to restructure, refocus and create new momentum.
Staff are in place, providing a stable backdrop for the new owner to rely on whilst you are out building new relationships and generating new business.
The location is excellent, with a highly visible and spacious office providing a professional working environment for both staff and office visitors.
97% income generated from lettings activity
62% income generated from the managed portfolio
Low level of student properties
Further information is available upon request; please contact the seller below for more details.