FOR SALE
19/04/24
610059
BVS2311305 / Rightbiz
For sale is a highly profitable Letting Agency based in Southport, with an excellent reputation and a high customer retention rate, the business has consistently grown profits and continued to build on its portfolio since it was founded over ten years ago. They currently manage a portfolio of 115 properties and the most recent years net profits are £69,000.
As a small, family-run business that is run from home, all operations have been handled in house by a small team working on a part time basis. The business would ideally suit another company operating in this sector who are looking to quickly and easily expand and grow their portfolio.
Key Information:
Asking Price: £250,000
Net Profit (2024): £69,000
Properties Managed: 115
Very low overheads and high net profit
In addition to property management, the business currently also offer a tenancy-find service, which provides regular additional one-off revenue, however approximately 85% of the turnover comes from recurring income from the properties they manage. Most of the landlords have been with the business for many years, and retention rates are very high due to the excellent service they have continued to provide over the years.
The properties managed are predominantly in and around Southport, and the current owners, wanting to keep the company lean and easy to manage, regularly turn away new business from both existing and new landlords… The scope for expansion is therefore huge.
There is a genuine reason for sale, with the existing owners looking to retire from the industry. A full handover period can be agreed to ensure a seamless takeover.
For further information please contact Vincent Stevenson at New Broad Street Business Sales.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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