The business has been trading for 10 years and was taken over by the current owner in 2018 when the owners at the time retired. It is now on the market due to the owner wanting to focus on his other offices. The business would benefit from a hands on operator and develop the team to grow the business further.
The business is primarily lettings focused, with the emphasis on a fully managed service. The business could be improved by increasing the managed portfolio, which in turn would generate repeat income on a monthly basis and over time this will increase the asset value. A sales service has recently been launched however, it has not yet reached its full potential and the business would benefit from more focus on developing the Sales service, along with Financial Services.
98% income generated from lettings activity
65% income generated from the managed portfolio
Growth in income could be achieved through the sale of properties and financial services
Low level of multiple Landlords and no student properties
Further information is available upon request; please contact the seller below for more details.