Buy a business

Residential Lettings Agency in Lancashire

Lancashire

Advert ref: 1464dPD

This residential lettings agency operates from one major town in Lancashire with most properties also coming from that local area. 

Based in a prominent location the business provides a local service and has grown to be one of the largest operators in the area, with in excess of 270 properties currently under management. 

The business focuses on the residential lettings with occasional property sales. Customers are attracted and retained by reputation, customer service, but for the simple, no add-on, fee structure that is operated. Over the past decade the business has also built a good team, capable of running the business in the owners absence.

Opportunity
The business would ideally suit a trade buyer looking to expand their network (the location will only be disclosed once a confidentiality agreement has been completed). The current location and staff are ideal to run the business as a stand alone branch, but our client will consider a consolidation with a local competitor under suitable terms.

Next Steps
Please enquire to complete a confidentiality agreement to find out more. We would advise that we will seek an early discussion re funding, before the location is disclosed.

Key features:

  • Residential Lettings Agency
  • Over 270 Managed Properties
  • Prominent High Street Location
  • Management team in place

Property Details: Leasehold
Asking Price: £425,000 + Net Assets (Leasehold)
Turnover: £250,000 Annual
Location:

Prominent retail premises located on a major crossroads in a large Lancashire town. 

Premises Details:

Retail premises over 2 floors offering a total internal space of 121 square meters. Customer facing office space is to the ground floor whilst additional storage is on the upper floor. 

Lease Terms:
A 9 year FRI lease was taken in 2014 with breaks and review clauses at 3 years. Rental charged is £2,200 pq.

Reason For Selling:
This is a retirement sale. 

If you wish to take your interest in this business further, click the link to make your enquiry and follow the online instructions. You will be required to complete a non-disclosure agreement for confidentiality purposes. 

Lancashire Lettings Agency for sale

Financial Details

  • Leasehold: £425,000 + Net Assets
  • Turnover: £250,000 Annual
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