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INDUSTRY
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BUSINESS SUMMARY
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Independent estate agency with significant financial services income
Confidentially offered for sale
Ref. no: CR089
Location: Hampshire
Asking price: £465,000
Established for over fifteen years, becoming a limited company just four years ago, this Estate Agency is the only one in its area – part of a very a fast growing town close to one of the major commercial centres on the South Coast.
Although this business is best known locally as an Estate Agent dealing in house sales and rentals – this business currently manages approximately 265 properties on behalf of local Landlords, a large proportion, approximately 45%, of its income derives from the financial services sector, through the arrangement of mortgages and re-mortgages, Building Contents insurance and more general financial services.
Based in secondary retail premises amongst a parade of shops located in the heart of its catchment area – an area full of mainly Victorian terraced houses, this is a hard working office, known locally for getting the job done and for offering a highly personal service. Operating on a £995 + VAT fixed fee basis for house sales, with no contract tying a Client to the Agency, not surprisingly, this business attracts the overwhelming majority of properties – a mid terrace Victorian property in the area currently sells for approximately £150,000 – that come on to the market within its prime catchment area of approximately three miles radius. All Clients enjoy a high quality service that combines the use of modern technology with personal attention to detail. The business operates a rapid response policy to ensure that landlords, tenants and the property receive the very best attention at all times.
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BUSINESS FINANCIALS
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GENERAL COMPANY INFORMATION |
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Organization Structure: |
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Headquarters/Main Location: |
Home Based
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Time on lease/mortgage: |
N/A
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Is Business Relocatable? |
No |
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DETAILS ABOUT THE SALE
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Support & Training
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The Owner is willing to assist the new owners as much as is required to facilitate a successful transfer of the business and certainly in relation to its all important Client relationships - for whom it provides lettings and management and financial services. |
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Reason for Selling
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This is a genuine retirement sale. |
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Is Management Willing to Stay?
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No
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Are You An Intermediary?
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No
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Web Site Design
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