Profitable Home-Based Estate and Letting Agent Business with Growth Potential in Canterbury, Kent
Canterbury, Kent
- Status
FOR SALE
- Advert ID
629069
- Asking Price: £500,000
- Turnover: £240,000 (£4,615 per week)
- Net Profit: £150,000 (63% Profit margin)
Key Features
- Home Based
- Attractive Business
Business Details
Estate + letting agent and property management company in Kent
The opportunity to acquire a profitable, home-based property management company in Kent with significant growth potential is now available. This well-established business, which has been in operation for six years, boasts a commendable reputation within the local area, as evidenced by numerous positive Google reviews. It manages a robust portfolio of approximately 200 properties, ensuring a steady flow of regular let-only properties.
Financially, the company has demonstrated strong performance with a turnover of around £250,000, resulting in a net profit of £150,000, all generated from lettings income. The asking price for this attractive enterprise is £500,000, inclusive of all stocks. With minimal overheads, the business offers an impressive profit margin and represents an excellent investment opportunity.
The business provides comprehensive property management services and has a proven track record of tenant satisfaction. An experienced team is in place, ready to facilitate a seamless transition for new ownership. There is also the potential for the current owner to remain as a part-time consultant to support the transition and ensure a smooth handover during the new owners' settling-in phase.
This sale is confidential, and interested parties are encouraged to inquire for further details under a non-disclosure agreement (NDA).
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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.
Be safe, use a Rightbiz Solicitor
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