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Finance And Services:

Business Opportunity. Belvoir Property Sales & Letings Agency

LISTING DETAILS
Firms For Sale ID:
34779
Vendor reference:
SMSB/BELVOIR
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£220,000
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
£220,000
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
A Belvoir franchised office in Bedfordshire has become available for resale, due to the current owners’ desire to relocate. This exciting opportunity is for a Sales and Lettings business with a managed portfolio of over 140 properties plus around 30 let only properties, with a strong and loyal landlord base of well-established lettings, generating significant recurring levels of revenue. The client base offers excellent scope for further growth whilst enjoying the benefits of being part of a large, and award winning, well-respected brand.

There are 3 full time employees who are expected to wish to remain with the business, run from a well positioned office with high levels of both foot and vehicle traffic. The lease will need to be adopted by the purchase. The business is well equipped with IT systems to support the operations of the business, with the CFP Winman & Vebra Alto business systems in place.

This is a great opportunity to acquire a strong and recognised business that has a loyal customer base, a strong managed property portfolio and significant further development potential. Appropriate handover support will be provided by the current vendors, in addition to the formal Belvoir training program.

The guide price for 100% shares of the business is £220,000 to include all the lettings portfolio and trading assets, and a positive Balance Sheet. There will in addition be a franchise fee of 22,500 payable.