Lettings Estate Agency £480k NP South West West Midlands

Undisclosed, West Midlands

Status

FOR SALE

Date Submitted:

11/05/21

Advert ID

276394

Reference

BRS4046 / Rightbiz
Leasehold: £1,600,000

BusinessResale have been instructed to find a buyer for this highly profitable, fully managed, well established and consistently growing franchised lettings & estate agency in the West Midlands/South West region. 


The business operates from 3 modern and well positioned premises. Having been established in 2008, the business has built a large and robust portfolio of managed properties looked after in the capable hands of the management team & experienced staff employed within the business, leaving the owners to concentrate on strategy, marketing and finances.  


The business has recorded year on year growth since 2008 with this trend set to continue in 2021 with the current interim turnover indicating further substantial growth. Financial services are not currently provided to their clients which would see a sizeable uplift in income moving forwards. 


Highlights include:


- c900 fully managed properties 
- c700 let only properties 
- c£150k sales pipeline 
- Expected £1.2m turnover for the YE2021
- £437k EBITDA for YE2020 
- £480k EBITDA expected for the YE2021
- Capable team in place to manage the business 
- Year on Year growth since 2008 
- Well known franchise brand 
- 13 year trading history 


The business is listed for sale at £1,600,000. There is an additional franchise fee payable. 


Contact us for an NDA and further details. Please note this is a franchised business and therefore would not be suitable for a bolt on acquisition. Any existing agent looking at this would be required to re-brand their current business into this particular franchise brand. 

Key Features
  • Central Position in Affluent Village
  • Split Level Trading Area
  • High Turnover
  • Prime Location
  • Town Centre location
  • Attractive Business
  • Large Business for Sale
  • Retirement Sale
  • Unique Business
  • Accounts Available
  • Fully Fitted
  • Company for Sale
Contact Agent
Agent Name:
Advert Reference:
BRS4046 / Rightbiz
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