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Well established Sales and Letting Agent business for sale
Asking Price
£499,995
  • Status

    FOR SALE

  • Date Submitted:

    05/07/21

  • Advert ID

    155

  • Reference ID

    B06258

Industry
Unavailable
Site Age
Unavailable
Asking Price: £499,995
Turnover: £314,981
Net Profit: On Request

Net Profit for the last 12 months

Performance Overview

Business details

Business
Please quote reference B06258

Hilton Smythe is delighted to present to the market a very successful sales and letting agent established in 2002.

The ‘business only’ acquisition has access to over 7,000 properties in Cyprus (1,500 direct) and offers any new owner the opportunity to expand its Franchise model which has already been created.

The franchise model would allow any new owner to take an upfront registration fee for specific postcode territories across the UK.

The opportunity is on the market due to other business interests however our client will offer a full business handover to ensure the smooth transition of its complete portfolio.

The family run business has been selling, sourcing and renting out properties for over 20 years and have successfully built several projects across the island.

The independent agent can give experienced advice on investment opportunities, family and retirement homes, best schools, beaches and transportation of pets and furniture.

Our client has a trusted team of 34 self-employed agents (4 in the UK and 30 in Cyprus)

Very rarely do independent agents offering both sales and rentals at this level ever come onto the open market and we strongly recommend early enquiry to avoid disappointment. With a long period of people not taking holidays due to the Covid pandemic, we foresee the demand for holidays to Cyprus to significantly increase and therefore any new owner will be able to enjoy this high demand.

Key selling points -

  • Excellent reputation across Cyprus and UK
  • Large number of properties available for sale and rental
  • Very profitable business model
  • Further potential to expand franchise side
  • Excellent business website
  • Facebook - 1,829 followers
  • Instagram - 896 followers
  • Twitter, Pinterest, LinkedIn pages
  • Full business handover offered


Location
The business is a successful sales and letting agent concentrating on properties located in Cyprus.

Cyprus is the third largest and third most populated island in the Mediterranean and increasingly a destination for villa holiday rentals/second homes.

Key areas include Larnaca, Paphos, Limassol, Pissouri Village and Bay, Famagusta, Troodos, Nicosia, Aphrodite Hills and Secret Valley.

They have an office based in the UK and Cyprus.

The opportunity is now being sold as a ‘Business Only’ allowing the transfer to any alternative UK location.



Premises
N/A



Tenure
We are advised that the business is being sold on a Business Only basis. 



Hours
The business is trading 24/7 through their online platforms. 



Staff
We are advised that the business has 1 full-time staff member. 



Financial Profile
We are advised as per the 2020 accounts, the business generated a turnover in the region of £315,000, with an adjusted net profit in the region of £180,000. Full financials can be made available upon further request. 

Please quote reference B06258

 



Contact Seller

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