Total of 18659 firms and businesses for sale today Friday 3rd May 2024
Sold. Award Winning Property Letting Agency
LISTING DETAILS
Firms For Sale ID:
13671
Vendor reference:
CR156
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
£225,000
Turnover / revenue:
£200,000
Net profit / cashflow:
Undisclosed
Years established:
18
Trading hours:
Monday – Friday: 9.00am – 5.30pm
Saturday: 10.00am – 2.00pm
Number of employees:
6
OTHER DETAILS
Reason for selling:
The owner has now decided to place this exciting business for sale as part of a planned retirement strategy.
Support and training:
Full support and any necessary training will be provided during handover as part of a successful sale package.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
Current annual rental comes in at circa £7,500, with rates coming in at an economical circa £ 900 per annum.
BUSINESS DESCRIPTION
Award Winning Property Letting Agency
Ref.CR156
Location Birmingham, West Midlands
Asking Price £ 225,000
Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity which has never been brought to the market for sale before.
Within the lettings industry sector, this one stands out and shines like a beacon. Since its commencement of trading in 1992, this business has been carefully and skillfully crafted by its owner to establish itself at the very top of its sector in the metropolis of Birmingham.
Accreditations and memberships enjoyed by the company include:-
• Midland Landlord Accreditation Scheme
• Tenancy Deposit Scheme Member
• The Property Ombudsman
• National Association of Estate Agents
• Association of Residential Lettings Agents
Having won multi awards over the years, the company now operates from a strong trading platform with premises which could hardly be better placed i.e. almost adjacent to the very source of much of its business – the University! The company specialises in lettings to Students and the business has built up very strong relationships with the Landlords which it represents, where the service they provide works firmly on the basis of trust. The company currently enjoys representing a 200+ letting base.
Expansion Potential
With the drive and investment from its new owner, this business could easily expand the residential lettings side of its business, along with other revenue streams such as the sale of legal protection and income protection products. The new owner may even wish to consider expanding in to the Estate Agency side of the business as part of a longer term strategy.