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Profitable Essex Letting Agency Franchise with £400k Turnover for Sale

Undisclosed, Essex

CONFIDENTIAL SALE

  • Leasehold: £360,000
  • Turnover: £400,000 (£7,692 Per week)
  • Net Profit: £120,000 (30% Profit margin)

Key Features

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

Business Details

Letting Agency Essex £400k Turnover £120k Net Profit Franchise

TaylorMayers have been instructed to find a buyer for our clients Franchised Letting Agency in Essex.

 

The business has been established for 15 years and has experienced year on year growth in the recent years. The business is Lettings only, which provides a huge opportunity to establish additional services such as sales, financial services, commercial etc.

 

Financially, the business is robust with increasing turnover over the last 5 years, and net profit on track for £120k for this financial year.

 

Highlights include:

 

- On track for £400k turnover
- On track for £120k net profit
- c310 managed properties
- Lettings only
- Expansion potential in sales, FS, commercial etc
- Very little local competition
- Franchise
- Turn key opportunity

 

The business is listed for sale at £360,000. There is an additional franchise fee payable.

 

Please note, as this is a franchise, any existing agent would be required to merge / re brand their existing business into the franchise. It is not possible to acquire this business / portfolio without the franchise.

 

Contact us for an NDA.

 

Read more

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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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The data showed regarding this advert 'Letting Agency Essex £400k Turnover £120k Net Profit Franchise - TM0505 / 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.