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Residential estate and letting agent in Warwickshire available for sale

Undisclosed, Warwickshire

CONFIDENTIAL

  • Turnover: £148,012 (£2,846 per week)
  • Profit: £35,000 (24% Profit margin)

Business Details

A RESIDENTIAL ESTATE AND LETTING AGENT

BASED IN STAFFORDSHIREYE25 turnover of circa £600,000, with an adjusted EBITDA in excess of £280,000, for one business. YE26 turnover of circa £150,000, with an EBITDA of approximately £35,000, achieved for a second business to be included in the sale. Sale includes two companies that deal with property sales, including auctions, and lettings.Generates income predominantly through property sales, supplemented by commission from referring clients to financial service providers and solicitors.In the last financial year, circa 200 home sales completed and over 60 properties were let out through the business. Circa 315 new instructions were created.A non-shareholding manager is in place to handle day-to-day business operations, with a self-sufficient team able to operate without the shareholders direct involvement.Operated from ideally located leasehold premises.Offered for sale to facilitate plans for retirement of one shareholder and to enable another to pursue new ventures.Offers invited.
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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 'A RESIDENTIAL ESTATE AND LETTING AGENT - 171922 / 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.