Residential Sales Lettings & Property Management Estate Agency For Sale

Business description

Established in 2004, this estate agency has been trading for four years by the current vendor in a prominent high street location in East London.

The vendor has invested considerably from the outset of business operations by virtue of a franchise offering with a considerable footprint in the UK and a brand with very high recall. This was considered essential in the establishing of a robust offering in this sector; which at first differentiated the business from its competitors and has since become a business with a considerable reputation for quality and service on the merits of its staff and their commitment to customer satisfaction.

The culture of this business is geared toward maximum reward for maximum effort and is able to achieve this by recruiting only experienced and highly motivated agents.

The business specialises in UK residential sales, property management, lettings, overseas property sales and financial services.

Equipment:

The business uses a fully computerised system.


Customer Service:

The business manages many customers in any normal week and has the systems, processes and people to ensure that both productivity and customers’ requests are satisfied.

Key Strengths:

The business is an autonomous organisation where the business owner has, over time developed and nurtured a team capable of overseeing business operations effectively, reducing the need for constant or daily input from the vendor; this has resulted in customer relations founded on customer satisfaction.

The company has earned an outstanding reputation for its honesty, service, reliability, efficiency, excellent quality service and highly experienced staff.


Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Property information

Location:

The business operates from leasehold shop premises in East London. There is circa 15 years remaining on the year lease. The premises consist of circa 600 square foot, split over two levels, with seven sales desks with integrated computer systems and telephone network.

There are also 3 apartments that generate an income of 31,500 per annum

We are informed the annual rent for the whole of the premises is charged at £18,000 per annum with rates charged additionally at £4,599 per annum.

Other information

Expansion potential:

There remains considerable potential for further income from further Property Management, Mortgage selling, and Surveying etc. none of which is covered in this business at present.

Competition / Market:

A large percentage of new clients derive from recommendations, the business regards existing clients as their best advertisers and has maintained an impressive base of satisfied repeat customers while continuing to attract new referrals. The business has a corporate website, as well as advertising through Prime Location, Rightmove.com, and Find a Property. The business has an attractive company brochure and undertakes frequent direct mail drops.

Support & training:

The owner is happy to provide full business familiarisation, training and handover to the successful purchaser.

Reasons for selling:

The current owner is selling the business due to other business commitments.

Trading hours:

Monday – Saturday 10.00 am – 7.00 pm