FOR SALE
510644
REDUCED TO £500,000 TO ALLOW OWNERS TO STEP DOWN.
Currently run by an excellent team, generating 27.4% return on investment (If Self-Managed). Five times more than the average bank saving interest.
Looking for a lucrative business opportunity with unlimited potential?
Look no further than our Northwood Letting Agency!
Currently delivering £127,000 adjusted profit, if run by a husband-and-wife team, with two staff members to support. Alternatively, can be run by the current highly trained & experienced staff, with zero input required on a day-to-day basis, profit would deliver 14.3%
Our successful and established Letting Agency is now available for purchase, providing an incredible opportunity for a savvy entrepreneur looking to enter the lucrative property management industry. With a proven track record of success and a loyal customer base, this is the perfect chance to take over a profitable business.
The current adjusted £127,000 profit is from lettings only, with the option to expend into residential sales, which could deliver an additional £100,000 - £140,000 income.
Our Letting Agency has built a solid reputation for providing exceptional customer service. Our focus is dedicated to helping landlords and tenants achieve their goals, and we have a history of providing outstanding results, winning multiple industry awards.
Having invested in streamlined processes and cutting-edge technology to enable smarter working, with reduced headcount our business is still able to achieve excellent customer ratings, making us the go-to agency for anyone looking to let or rent a property in the area.
As the housing stock is still at record lows, versus demand, rents continue to rise, and occupancy rates are at all-time highs. Currently our portfolio of over 200 properties is at 97% occupancy. We continue to build excellent working relationships with both Landlords & Tenants, resulting in fewer issues and very few overdue payments, our current arrears book stands at only 6%, resulting in good cashflows into the business.
During the past year we have been able to increase our fees, based on providing a first-rate service, whilst tactically ending relationships with some clients with poorly maintained properties and whose aspirations did not fit into our business strategy. These old clients took up a disproportional amount time versus their fees paid.
The landlord has agreed that additional unused floors with the business, which could be sub-let. Following some mirror alterations, this could deliver an additional income stream.
As a result of the above strategy, we have slightly smaller portfolio, delivering both increased cash and percentage monthly income. Our average percentage fee income is currently at 17.1% Gross / 15.3% Net of VAT
But that's not all! Being part of the UK's largest Franchise network, our Letting Agency comes with a solid brand presence, established marketing channels, and a wealth of industry connections, giving you a head start in a competitive industry. Our loyal customer base is a testament to the quality of our services, and we have excellent reviews and testimonials to back up our claims.
Whether you're an experienced property manager or a first-time business owner, our Letting Agency is the perfect opportunity to hit the ground running and achieve success in the property management industry. So why wait? Contact us today to learn more about how you can take over this exciting and lucrative business opportunity.
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
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