ESTATE AGENTS & LETTING MANAGEMENT AGENTS in West Yorkshire for Sale.
An opportunity to acquire this highly profitable residential estate agency with very good letting management side. The agents have been privately owned for the last 70 years and the present owners have run the business for over 30 years and are now to retire. The business is run by a competent team of experienced staff. The concern is situated in an upmarket area and specialises in residential house sales, lettings and property management, sales and rental valuations. The business has a substantial portfolio of growing clients properties which our clients manage. Very well established financial services agreements for the provision of mortgages and insurance services. This is a retirement sale. Annual Turnover £179,403. The business offers new, enthusiastic younger owners potential to double the profits here – net profits adjusted to over £63,000 year ended June 2018. The concern shows a growing retained rental portfolio with a value of £167,000 at two times annual rental income on 2019 accounts. Full systems and on the job training will be given. This business would suit enthusiastic new owners. The owners are willing to work within the business, as possibly a valuer, mortgage broker or similar if the new owner requires this. An advisory / consultancy period from the retiring Director is also available if required. Fantastic opportunity for new owner to build or increase their own investment portfolio. The premises will be held on a secure lease with very sensible rent and comprise sales showroom with four work stations, directors office, staff kitchen, further office, toilet and wash hand basin. This is a two office business, the second office will be retained by the current owner as a financial planning / mortgage brokerage office. Substantial ongoing property enquiries will be referred on (subject to terms). EPC Band C.