Profitable Essex Letting Agency with £250k Net Profit and 24-Month Guaranteed Rent for Sale
Undisclosed, Essex
- Status
FOR SALE
- Date Submitted:
24/04/23
- Advert ID
512094
- Leasehold: £900,000
- Rent: £21,000
- Turnover: £432,000 (£8,308 Per week)
- Net Profit: £250,000 (58% Profit margin)
Key Features
- Accounts Available
- Attractive Business
- Close to Local Amenities
- Offers Invited
- Retirement Sale
- Company for Sale
- Small Business
- New Lease
- Established Business
- Nil Premium
- High Turnover
- Town Centre location
- Prime Location
Business Details
Letting Agency Essex with 100 guaranteed rent for 24 months managed Properties and £250k net profit
Our client is looking for a buyer for their well-established and profitable letting agency in Essex, established since 2009.
The business operates from 1 offices in towns and looks after a portfolio of 100 managed properties with M25 and Essex. The Portfolio is contracted with Landlords on 24, 36 and 60 Months Contracts with No break clauses. so you guaranteed to achieve whatever you pay out within 24 months.
Please note: this income is only generated from Letting Side of the Business, there are scopes to maximise sales and achieve additional £250,000 per Year from that as well.
The offices in Run by the Owner and 2 Part time staff members with the owner spending their time managing the teams and handling finances, marketing etc.
The business is profitable with a turnover of £430k leading to a £250k net profit.
Highlights include:
- 1 offices
- £430k turnover from Lettings Only
- £250k net profit
- 100 managed properties
- Landlord on Guaranteed Rent contract up to 60 months with No Break Clauses
- Well staffed
- Long established
Enquire now for an NDA and further details.
*not this is a franchise and would not suit being acquired by an existing agent. Any existing agents who acquire this business would be required to merge / rebrand their current business into the franchise.
Website
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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