Residential Lettings & Management Franchise For Sale

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.

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.

Property information

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.

Other information

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

Trading hours:

9-5 weekdays, Sat mornings when required

Furniture / Fixtures value:

£2,000 (included in the asking price)

Inventory / Stock value:

£1,000 (included in the asking price)

Website:

available upon request