Featured Brokers
CONFIDENTIAL SALE
FOR SALE
17/10/23
601228
TM0503 / Rightbiz
TaylorMayers are excited to bring to the market this independent Letting / Estate Agency in Devon. After owning the business for some 13 years, the owner is now looking to retire.
The business has a fantastic reputation in their area, as a result, they are one of the market leaders, looking after around c370 fully managed properties a consistent sales pipeline of around £140k.
The financials for this business are impressive with turnover of £1m and net profits averaging around £400k for the last 4 years.
Highlights include:
- Robust and consistent performance
- c370 fully managed lettings properties
- 60 let-only listings and 10 rent-collection properties
- £140k sales pipeline
- Good levels of available sales stock (£200k commission available)
- Well-branded and busy offices with reasonable rents
- Experienced and capable staff - Office largely run via the staff
- Consistent profitability
The business is offered for sale at £1,300,000 for the share sale of the Ltd company. We and the owner, see huge value in the branding and goodwill that the business has built up, therefore, it's likely the buyer for this business will make the acquisition and continue to operate the business under its current format / branding.
Contact us for an NDA.
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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