Profitable Lettings Business For Sale - Berkshire, United Kingdom - Franchise opportunity
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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 Years established: 4.5
Employees: Four
Trading hours: 9.30 - 5.30 Mon - Fri, 9.30 - 12.00 Saturdays
Franchise terms
Available upon request 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 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 Financing available?
Natwest Corporate supports the business model
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
Employees: Four
Trading hours: 9.30 - 5.30 Mon - Fri, 9.30 - 12.00 Saturdays
Available upon request
Leasehold
Available upon request
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
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
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
Full training support and industry updates from franchise office.
Relocation. The owners have agreed, subject to sale, to start up a second franchise in a new territory
Natwest Corporate supports the business model
Financial Details
Asking price:
£500,000
Sales revenue:
£950,000
Net profit:
£133,000
Fixtures value:
£133,000
£500,000
£950,000
£133,000
£133,000