Established Exclusive Residential Estate Agency For Sale

Business description

Annual income of £290,000 and producing trading profits of c.£195,000pa. This is a highly respected company that has only ever undertaken residential sales and offers substantial opportunity for undertaking lettings and management by utilising this high profile brand name built up over many years. The business is for sale due to retirement of the vendor, who has spent less time in the business, which has created a slight reduction in income. This is a prime retail site, that a few years ago had premium offers of £100,000 from competitors.

Property information

Property:

Leasehold

Lease terms:

Rent £25,000 part sublet and net payable of £16,000pax.

Leasehold rent:

£16,000 per annum

Location:

Prime Retail Site

Premises details:

Large open plan benefiting from £100,000 refurbishment.

Business Operation

Expansion potential:

Hugh as no lettings or management are undertaken and vendor works part time.

Reasons for selling:

Retirement Sale.

Employees:

There is full team of experienced personnel.

Years established:

Many