Leading Independent Estate Agency
Undisclosed, Dorset
- Status
FOR SALE
- Advert ID
652448
- Reference
GAT2173 / Rightbiz
- Call Agent:
- Leasehold: £600,000
- Turnover: £721,000 (£13,865 per week)
- Profit: £250,000 (35% Profit margin)
Business Details
Leading Independent Estate Agency
Gator Business Sales are pleased to be able to offer for sale this exceptional independent estate agency.
Established for over 15 years, the business operates in one of the most attractive and affluent parts of Dorset, and is the leading agency in the area.
The business has tremendous growth potential as it currently only facilitates residential sales. This ensures plenty of immediate expansion opportunities for the new owners to offer commercial services, block management and, of course, residential lettings.
Listing numbers vary depending on the time of year, but averages at 150 properties, which provides a very healthy cash flow.
The agency is consistently profitable, with average adjusted net profit available to the owners over the last 3 years of circa £250,000 per annum.
This is the first time that the company has been offered for sale. It would undoubtedly be an ideal bolt-on acquisition for any established estate agency that is seeking substantial non-organic growth via an expansion of their office portfolio. It may also be of interest to suitably funded industry professionals as a standalone business.
Trading Hours: Office hours are Monday-Friday: 8.45am-5.30pm, Saturday: 9.00am-4.00pm. Valuations and viewings are obviously scheduled to meet the requirements of their clients and buyers.
Employees: In addition to the two owners who work full-time, there is an experienced and capable team of six.
Location: Ideally located for its target clientele, with plentiful free parking adjacent.
Premises Details: Well maintained and presented double-fronted premises totalling approx. 69.55 sq m/748 sq ft.
Lease Terms: A 250 year lease was granted on the business premises in 2008. Our clients purchased this long lease in 2020 and it forms part of their pension portfolio. They propose to offer the purchaser of the estate agency a sub-lease with an incoming rent of £12,600 per annum – exact terms to be agreed.
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Listing Statistics
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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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