Profitable Lettings Business For Sale

Franchise terms

Available upon request

Business description

One of the best-performing offices within a well respected franchise network, with unrivalled margins of over 35%.

Firmly established in the local market with a large territory agreed with the franchisor. The focus has been on building a sustainable business in lettings and there is an untapped opportunity to expand into residential sales (which is fully supported by the franchisor)

The offices are in an enviable town centre location which gives the business high awareness, strong professional presence and customer assurance

Property information

Property:

Leasehold

Lease terms:

Available upon request

Location:

Double-fronted retail unit in the town centre, with prominent illuminated signage. Situated on the main through-road of the town with several parking bays close by

Other information

Expansion potential:

Client acquisition is on a strong growth curve due to a sizeable amount of repeat and recommended business; this will continue to grow but takes time as tenancies expire

The marketing opportunities have recently been increased with the opening of three neighbouring offices creating a natural joint marketing territory. Combining some marketing effort has produced efficiencies and future joint campaigns will strengthen presence and grow the business

The residential sales side of the business has not been exploited and this, conservatively, would add an additional £200,000 sales revenue

Competition / Market:

The most significant agent to specialise in lettings; the only serious competition comes from four main estate agents for whom lettings is a secondary business

Support & training:

Full training support and industry updates from franchise office.

Reasons for selling:

Relocation. The owners have agreed, subject to sale, to start up a second franchise in a new territory

Trading hours:

9.30 - 5.30 Mon - Fri, 9.30 - 12.00 Saturdays

Financing available:

Natwest Corporate supports the business model

Furniture / Fixtures value:

£25,000

Contact the seller