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Profitable Suffolk Letting Agency with 480 Managed Properties Seeking Buyer

Undisclosed, Suffolk

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    14/12/22

  • Advert ID

    505126

  • Reference

    TM0508 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £475,000
  • Turnover: £450,000 (£8,654 Per week)
  • Net Profit: £130,000 (29% Profit margin)

Key Features

  • Prime Location
  • Price Reduced
  • Large Business for Sale
  • Town Centre location
  • Attractive Business
  • Company for Sale
  • Established Business
  • Retirement Sale
  • High Turnover
  • Accounts Available

Business Details

Letting Agency Suffolk Run Under Management

BusinessResale have been instructed to find a buyer for our clients well established and profitable letting agency in Suffolk. The business has been operating for some 15 years and now runs under very good management. There are currently c480 fully managed properties and a healthy sales portfolio and pipeline. The business is part of one of the largest property franchises in the UK, meaning a buyer will benefit from full training and on-going support.

Highlights include:


- Great location
- Consistently producing £450k turnover
- £130k net profit  
- Business run under management
- Well established business
- Excellent reviews
- Around 480 fully managed properties
- Genuine reason for sale
- Owner happy to provide a handover period


The business is listed for sale at £475,000. There is an additional franchise fee payable.


Enquire for an NDA and further details on this opportunity.

Read more

Contact Agent

Contact the seller for more details, or book a viewing

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

Do not 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 amount 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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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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Disclaimer

The data showed regarding this advert 'Letting Agency Suffolk Run Under Management - TM0508 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.