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Saturday 24th of Jun 2017 - My Account - Register - Brokers - Bookmark RightBiz
Asking Price:
£650,000

Property Exchange Company Specialising In The Exchange Of Private And Retirement Homes Premium Advert

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ReferenceCR198 / RightBiz
Status
FOR SALE
Advert ID191606
LocationUndisclosed, Buckinghamshire
SectorCommercial Properties
Asking Price£650,000
Annual Turnover£5,200,000
Annual Net Profit£425,000
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Key Features
  • Company for Sale
  • Attractive Business
  • Price Reduced
  • Established Business
Specialist Property Exchange Company
Specialising in the exchange of private and retirement homes
Ref. CR198
Location : Buckinghamshire/relocatable
Asking Price : £650,000
This innovative and highly ethical property company has been conceived and developed as the modern part exchange option for a difficult, more demanding housing market; the company’s offering has been designed specifically for the retired home owner wishing to move home, all company activities are engaged upon with the clear objective of providing market leading excellence in all areas.

The company considers itself the best choice for helping the retired home mover make the move from their old home into their new one. In a very short time a cash offer can typically be made for the property and a move can take place within four weeks from the outset, and in some cases even sooner.

The company removes much of the uncertainty and stress associated with moving home, resulting in a smoother, faster and calmer move.

The company was formed by the vendor of 30 years experience, including working almost exclusively in the retirement market since 1997. The vendor’s database of contacts includes all of the leading retirement builders and estate agents and as Managing Director of a previous (similar) company, oversaw its growth from modest beginnings to an annual turnover of circa £80 million.

The company abides by a strict set of values:

• To maintain and hold the highest level of openness and integrity with everyone who has any contact with the company.

• To provide a market leading level of customer service with care and consideration being of the utmost importance.

• To be passionate about everything we do and grateful for the opportunity to provide a valuable service.

• As part of an absolute commitment and sense of responsibility, up to10% of the company profits will be given to charities in the areas of world poverty, drug rehabilitation and the rehabilitation of torture survivors.

Customer Service:

This is a key area of strength for this business and the company behaves only in a way that is in the best interests of its clients.

The company has a very small team and all activities are conducted very efficiently, by the vendor and one part time manager/administrator.

Key Strengths:

The company is financially strong with a very good asset base and operates from a small home office.

The overheads for the company are very low and offer the prospect of continuing scalable incomes.

The company has a proprietary methodology that is inculcated within the general activities and this is leveraged for both sourcing opportunities and the attending profitability.

Key Opportunities:

This is an outstanding opportunity to build on the existing products, services and customer base of this leading company. With a strong demand and impressive profitability, combined with a capacity to increase turnover, a new owner contributing fresh ideas and energy levels will have every advantage of building on an excellent platform to take this business to its next level.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover circa £5,200,000 per annum
Adjusted Net Profit circa £425,000 per annum
Gross Profit circa £480,000 per annum
Net Assets circa £1,200,000 (Draft 2016 accounts)

The Asking Price is for 100% of the issued capital of the company based on Net Assets being circa £1,200,000. There will be a £ for £ adjustment to the asking price to reflect any rise or fall in this net asset position as at completion.

Asking Price:

The asking price of £650,000 plus net assets for 100% of the ownership of the business on completion (calculated on a zero cash-zero debt basis).

Advertising and Marketing:

The company has a valuable network of agencies throughout the UK and also has an attractive and comprehensive website, setting out its services and products in detail.

Growth and Expansion:

The business is well positioned to take maximum advantage of growth in the aging population and while new entrants are likely, this company has a reputation and foothold that will secure its growth for the future, so long as its commitment to its core values are maintained.

Premises:

The company manages its activities from a home based office.

Business Hours:

The company currently operates normal office hours: 9:00am – 6:00pm, Monday - Friday.

Employees:

The vendor is assisted in the business by one part time manager/administrator.

Support and Training:

The owner would be happy to provide full training and support at handover to ensure a seamless transistion of ownership, subject to negotiation.

Reason for Sale:

The owner is planning an exit due to pending retirement.

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk
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