BusinessResale are delighted to bring to the market our clients profitable franchised Lettings & Estate Agency in the West Midlands. The business has been operating for over 10 years and has built up a strong reputation in the area. The financials are strong with increasing turnover year on year leading to a £168k readjusted net profit for the YE 2022.
Highlights include:
• £420k turnover
• £168k readjusted net profit
• 300+ fully managed properties
• 300+ let only properties
• Well known franchise
• Modern office
• Retirement sale
• Good staff structure
The business is priced attractively at £475,000.
There is an additional franchise fee payable.
Please note this is a franchise, therefore any existing agents would need to rebrand / merge their business into the franchise.
For any agents considering buying a franchise, please see our blog post below which explains how one of our buyers bolted his business into a franchise and quadrupled his profits.
