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Franchised Lettings Business Outskirts NW London £120,000 T O 60 Fully Managed Properties

Undisclosed

CONFIDENTIAL SALE

  • Leasehold: £99,000
  • Turnover: Not Applicable
  • Net Profit: £15,000

Business Details

Our client is looking for a buyer for their franchised lettings business in Hertfordshire. The business manages some 60 fully managed properties and a handful of let only properties. Financially, the business has a turnover of around £120,000 with a net profit of between £10k – £20k. It’s worth noting this is after paying a directors salary of £18k pa.

Highlights include:

– National franchise brand
– c60 properties under management
– £120,000 turnover
– £10k – £20k net profit
– Directors salary of £18k
– Owner currently works on a part time basis
– Huge growth potential

The business is listed for sale at £99,000.

Enquire now for an NDA and further details on this business.

Please note that as this is a franchise, this would not be suitable for an independent agent looking to a bolt on acquisition.

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Key Features

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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.

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