Established Residential Conveyancing Company | | Undisclosed Middlesex | | MIDDLESEX Established Residential Conveyancing Company Prime Location With Easy Access To Central London High Rate Of Returning Customers and Referrals Huge Potential For Growth Business only - £150,000 REF 0007 AV | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 72338
ADVERT IMPRESSIONS : 9,714 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Legal Business | | SALE: | Agent Sale | ASKING PRICE: | £150000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | REF: 0007 AV
ESTABLISHED RESIDENTIAL CONVEYANCING COMPANY
HIGH RATE OF RETURNING CUSTOMERS AND REFERRALS
PRIME LOCATION WITH EASY ACCESS TO CENTRAL LONDON
HUGE POTENTIAL FOR GROWTH
LOCATION
Prime location in Teddington close to London with
Home Counties to West & South West.
HISTORY
Established for over 19 years.
REASON FOR SALE
Reluctant sale - vendor wishes to retire.
MIDDLESEX
BUSINESS ONLY: £150,000
SERVICES
• Residential conveyancing
CUSTOMERS
• Most clients are returning customers
or friends/family members of
customers.
• Large database of satisfied clients.
STAFF
• 2 full time staff members.
TRADING HOURS
• 9.30am – 5.30pm
FINANCIALS
• 2008/2009:
o Turnover - £119,000,
o Net profit - £17,540,
• 2009/2010:
o Turnover - £137,000,
o Net profit – £30,000,
• 2010/2011:
o Turnover - £168,000,
o Net profit - £39,700.
OVERHEADS
Staff £48,000 pa
Rates £1,500 pa
Rent £11,400 pa
Gas £400 pa
Electricity £550 pa
PREMISES
• Ground floor office directly on the
main road with sign above the
window.
STRENGTHS
• Although conveyancing fees are as
high, if not higher than most
competitors in the area, the business
still benefits from recommendations
and has observed increasing profits,
as it has a solid reputation with
clients.
• Parking is available nearby, with easy
access to bus routes and railway
station. Frequent and direct trains to
Central London.
SCOPE
• Business is likely to benefit once the
current recession is over, as the
turnover achieved in 2007/2008 was
around £250,000, which demonstrates
the significant potential for income.
• Turnover could easily be increased by
the addition of probate and will
writing services.
• Possibility of obtaining more
conveyancing work from estate
agents by payment of referral fees
(not paid at present).
TENURE
• There is a lease in existence which is
renewable via separate negotiation
with the freeholder.
VIEWINGS:
• A non disclosure agreement will
have to be signed and returned
prior to any further information
and viewing.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be
conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold,
let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made
without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 0007 AV / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
