BUSINESSES FOR SALE
Breadcrumb trail navigation:
- FT Home
- > Jobs & classified
- > Businesses for sale
- > Advert details
Resources
Advert Details
Residential Lettings & Management Franchise For Sale
South Wales, United Kingdom
Financials
Asking price: £59,905
Sales revenue: < £200k
Net profit: < £100k
Fixtures value: £2,000
Stock value: £1,000
Franchise terms
4 years Franchise Fees are included in the sale. The Franchisor is a well established national company with a large portfolio of corporate accounts which will be shared with the Franchisee in their area. An excellent training package of 8 days will be provided by the Franchisor, together with a considerable hand-over period with local training.
Business description
Asking Price £59.950 to include 4 years Franchise Fee, sign-written diesel car (3 yrs old), training and equipment.
Turnover over last 12 months £60,000
The business is operated by one Partner and one part-time member of staff
This business can be relocated although currently operating from a rented office.
The business is successfully established and has a good reputation in the area. It is part of a large national franchise which provides expertise and support, website, professional and legal advice and training. There is considerable scope for expansion.
Years established: 3 1/2 years
Employees: 1 part time
Trading hours: 9-5 weekdays, Sat mornings when required
Home based: This business can be run from home.
Relocatable: This business can be relocated.
Property: Leasehold
Lease terms
The current office is on a 3 year lease with 11 months remaining. The annual rent is £6000 but the business can just as easily be run from home or relocated within the franchise area.
Location
The business is located in a rented office in the centre of the franchise area.
Expansion potential
There is ample opportunity to expand the business as the allocated franchise area is large, basically covering 2 counties.
Competition / Market
There is local competition however the business has been established since December 2004 and has built up a good reputation with many repeat lettings and word-of-mouth recommendations.
Support & training
8 days training at Franchisor's Head Office plus local training and hand-over time.
Reasons for selling
Retirement
Related website: available upon request


