Featured Brokers
CONFIDENTIAL SALE
FOR SALE
23/11/21
286481
BRS6055 / Rightbiz
Our client has instructed us to find a buyer for their profitable, well managed and established lettings agency, situated in a major city in the North West of England.
Having been established well over 10 years, the business now manages some 400 fully managed properties, all with impressive margins. Property sales produce around 20% of the businesses income which is a welcomed addition to the already high levels of residual income the business generates.
The business is extremely consistent with net profits sitting between £250k - £300k for the last 4 years. The business has posted a £175k net profit for the most recent 6 months and is on track to have it's most successful year to date.
Highlights include:
- 10 years trading
- £270k net profit for YE2021
- USP allowing high margins to be achieved
- Experienced team of staff
- Well known franchise brand
- 400 fully managed properties
- Steady flow of sales income
- Scope to grow & increase property sales
- Well-presented office
The business is offered for sale at £1,000,000.
Enquire now for an NDA and further details.
Please note - As this is a franchise, this would not be suitable for an existing agent looking for a bolt on acquisition. The franchisor would require any existing agents to rebrand and merge their business into this particular franchise brand.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
Get Solicitor
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