Successful Franchise of UK's Leading Short-Let Property Management Business for Sale in Exeter
Exeter, Devon
- Status
FOR SALE
- Date Submitted:
24/04/24
- Advert ID
610347
- Asking Price: £50,000
- Turnover: £130,000 (£2,500 Per week)
- Net Profit: £56,000 (44% Profit margin)
Key Features
- Price Reduced
- Established Business
- Accounts Available
- Home Based
- Attractive Business
- Offers Invited
Business Details
Established Short Let Property Management Business in Exeter
We are an established property management business, a successful existing franchise of the UK's leading full-service short-let property management agency, Pass the Keys.
We have a growing client base of around 40 property owners who trust us to manage their houses & apartments in Exeter and surrounding areas, using short-letting sites such as Airbnb and Booking.com. At any one time, we'll have 30-35 active properties. With support from the franchisor and community of other franchisees, it is a business that can be learned by anyone with a proactive approach and does not necessarily require prior experience. The business can be run by one or two people with flexible hours (under 40 hours per week) and will generate a profit of £50k per annum based on our current portfolio.
Key Highlights:
Strong, ongoing booking pipeline.
Potential for expansion.
Well-established network of reliable service providers.
Integration into the recognised Pass the Keys brand.
Advanced technology support, including apps and software for streamlined booking processes.
Sale motivated by a change in personal circumstances.
Pass the Keys, active since 2014, operates in the profitable short-let property management industry. Joining the Pass the Keys network means you gain the independence of running your own business with the added benefits of support, scale economies, and marketing reach that would be challenging to achieve independently.
Over 40 dedicated employees and a network of more than 80 franchisees work collaboratively to provide service to thousands of guests, underpinning the strength and reach of the franchise community.
No prior experience in short-letting is necessary to join Pass the Keys. Franchisees come from diverse backgrounds, often without prior business management experience. Success in the network is driven by work ethic, strong interpersonal and organisational skills, and the ability to operate within a proven framework. If you possess these qualities and seek a proven, profitable business in Exeter, this opportunity is for you.
Confidential details about the business are available upon request.
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Stay Safe
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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
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.
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