Award-Winning Letting Agency in London

Vauxhall
REF: S08226

Asking Price:
£250,000
Annual Turnover:
£154,222
Annual Net Profit:
£52,370
REF: S08226
Photo of Award-Winning Letting Agency in London

Overview

Tenure:
Relocatable
Established:
2011
  • Excellent Reputation

This is a unique opportunity to acquire an award-winning letting agency, which operates throughout Vauxhall, in London, and the surrounding areas. The business was first established in 2011 and has grown significantly since its creation, whilst also gaining an excellent reputation and a loyal customer base in the local area.

The company offers a wide variety of services to their clientele, mainly focusing on property and block management. There is massive scope for the new owner to expand the sales side of the business, which could be a potential avenue for growth. The letting agency prioritises putting their clients first and works hard to bring the right landlords and tenants together to create satisfaction for all parties.

The company’s brilliant reputation is enforced by their five-star rating with AllAgents, which is a testament to the company’s excellent customer service, in turn leading to an ever-increasing portfolio of loyal clients. Due to this, secure contracts will transfer over with the business, ensuring plenty of trade for the new owner.

With low overhead costs and huge potential for growth, this fantastic business would be perfect for a current estate or letting agent, who is looking to expand, or anyone who wants to acquire a successful portfolio of properties.

This business is run on a hybrid basis, with the current owners partly working from home, whilst also completing in-person viewings and appointments with clients. Due to this, the business would be perfect for anyone within London or the surrounding areas. For the past 8 years, the business has also paid for a manned mailbox office in Vauxhall, London, which provides a shopfront, where clients can drop off keys and paperwork. It is also an ideal location for post to be delivered.

The website, social media accounts, and client database will transfer over with the business sale, ensuring the new owner can get to work straight away.

The current owners are happy to provide an initial one-month transitional period, in order to ensure a smooth and efficient business handover. Following this, they would consider offering support on a paid consultancy basis.

This would be the ideal opportunity for an estate or letting agent, that is either looking to acquire their own, successful business or expand their current company.

There is huge potential for growth with this business, as currently the business primarily focuses on lettings and property management. There is a massive opportunity to expand into sales, which would be a brilliant way to increase revenue.

The business already has a brilliant, easy-to-use website and a popular presence on social media, with 2,200 followers on Twitter and 300 followers on Facebook. These platforms act as a brilliant sales window for the company. It would be beneficial if the new owner continued to utilise and optimise these online platforms.

Features

Online Presence

Location

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  • Residential Location
  • City Centre Location
  • Home Based
  • Office Based

Financial & More

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