Residential Sales Lettings & Property Management Business For Sale

Business description

Situated in a prominent high street location, this estate agency specialises in UK residential sales and has recently begun to be involved in property management. This aspect of the business is in its very early days but offers huge potential for growth. Well established, the business has been trading under the current vendor since its inception.

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 has a strong image in the community with repeat and referral business and good links with local solicitors, which leads to probate referrals.

The business is a member of the National Association of Estate Agents and offers a first class service, superb choice of properties from an excellent location.

Customer Service:

The business manages many customers in any normal week, with computer technology, systems, processes and experienced people in place, ensuring 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.

Annual turnover was in excess of £490,000 in the year ending 31 10 2007.

Property information

Property:

Leasehold

Lease terms:

Annual rent also available on request.

Location:

The business has a prime office location in the Isle of Thanet, Kent with a modern, up-market presentation. Further details of the size and leasehold details of the premises are available on request. Annual rent also available on request.

The area has a range of traditional properties, which attracts buyers/investors. The jewels in Thanet’s crown are Broadstairs and Ramsgate. Broadstairs is a quaint Dickensian town which offers properties of charm and character. Ramsgate is a traditional yet buzzing seaside town with award winning beaches, a Royal Harbour with continental style café culture and excellent shopping facilities including the main complex at Westwood Cross. There are expansion plans for London/Manston airport and ongoing building projects making the location a good prospect. Ramsgate, in particular, offers an emerging market with a new fast rail network to London planned to begin at the end of 2009.

Other information

Expansion potential:

There remains considerable potential for increased future income with additional Property Management, Mortgage selling and Surveying which is not covered by the 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 in excess of twenty websites. The business has an attractive company brochure.

Support & training:

This is an established, experienced team and the owner is prepared to offer support and training to ensure a smooth transition.

Reasons for selling:

Information available on application.

Trading hours:

Monday – Friday: 9.00 am – 6.30 pm
Saturday: 9.00 am – 5.00 pm
Sunday: 10.00 am – 4.00 pm