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Lettings Estate Agency In West Midlands For Sale

West Midlands, UK
Asking Price:
£150,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

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.

Property Information

Property:

Leasehold

Location:

The office is in a highly visible location with the benefit of on street parking available.

Business Operation

Employees:
3
Years established:
13

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. 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:
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