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12-Year Established Property Management Business in Burnley Lancashire for Sale

Burnley, Lancashire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Advert ID

    613359

  • Leasehold: Price on Application
  • Rent: £6,000
  • Turnover: £70,000 (£1,346 Per week)
  • Net Profit: On request

Key Features

  • Established Business

Business Details

Property Management Business for Sale 12 year

For sale is a 12-year-old property management business specialising in the letting and management of residential properties in a desirable area near Boohoo. This profitable business portfolio consists of over 50 rented properties that are consistently kept on rolling contracts.
 

The company boasts long-standing relations with professional landlords who predominantly comprise of high net-worth individuals from London and abroad. This client base business not only ensures constant and steady revenue but also maintain the properties to a high standard in compliance with local council expectations. They are valued clients, as they are always willing to invest to keep the properties up to the designated standard.

Operationally, the business is run from leasehold premises, with the minimal running cost of only 600/ per month, inclusive of utilities such as electricity, gas, water, and Wi-Fi. Along with its well-established and lucrative operation, the company presents a fantastic opportunity for growth and expansion into new regions, offering greater prospects to a potential buyer.

The business has also cultivated connections with local maintenance and repair companies. These established relationships provide the capability to resolve any repair and maintenance issue promptly, ensuring tenant satisfaction and retention.

This opportunity is open to reasonable offers. Don't miss the chance to own this successful and profitable property management business with strong growth potential.

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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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