Inventory clerk Business

Exeter, Devon
REF: 04367

Asking Price:
£89,995
Annual Turnover:
£70,000
Annual Net Profit:
£41,558
Reduced
Recently Sold
REF: 04367
Photo of Inventory clerk Business
Photo of Inventory clerk Business
Photo of Inventory clerk Business

Overview

Tenure:
Relocatable
Established:
2010
  • Huge growth potential
  • Very Loyal Customer Base
  • Low Overheads
  • Friendly & Professional Team

A unique opportunity has presented itself for a new buyer to acquire an established Rental Property Inspection Report business based in Exeter, Devon.The business works with Lettings Agents, Landlords and Tenants to provide an unbiased inventory at check in/check out and mid-tenancy times, providing comprehensive reports on the condition of property interiors, including all fixtures and fittings and where applicable, furnishings. With a large customer base and established reputation, this is an ideal business for an entrepreneur looking to enter this growth industry.

Ideal business if looking for flexible working hours.

The business acts as a Property Rental Inspection Report Provider and operates throughout the wider Exeter area in Devon. Trading for a number of years, the business works closely with Lettings Agents, Tenants, Universities/Students, Housing Associations and Private Landlords to provide an essential and unbiased service recording and tracking the interior condition of rental properties, fixtures and fittings and where applicable, furnishings. The business currently enjoys approximately 60% market share in the wider Exeter area, having built excellent relationships throughout the community. The business produces Schedule of Condition Reports at the check in/check out and mid tenancy points, to enable the involved parties to track the condition of the property and furnishings, offering peace of mind to both landlords and tenants by way of an unbiased service. Until now, the business has finalised all reports at the office ran from home . The business is now beginning to introduce to their current client list, reports that can be produced on tablets whilst at the property. Tablets are now being used to supply the unbiased reports, with all systems in the process of being automated.
It enjoys a good relationship with a number of large national inventory companies that attract large national landlords, on whose behalf the business carries out reports.

Intelligent Business Transfer are pleased to offer to the market a fantastic opportunity to acquire a unique Rental Property Inspection Report Provider in the Exeter area in Devon. Offering inventory, scheduled reports, check in/out, and mid term reports. Trading for a number of years, the business has built an excellent reputation with a variety of clients and enjoys approximately 60% of the market share. It works with a large number of Letting Agents and has a large database of Private Landlords.
Established in 2010, the business has demonstrated year on year growth and now enjoys an annual turnover in excess of £70,000. With a large customer base and a sizable command of the local market, this is an ideal opportunity for an entrepreneur looking to acquire a fantastic business in a growth industry.
The hours of this business are normally Monday – Friday with some Saturday mornings, however hours can be flexible.
With the increased use of the tablet based reports, net profit is expected to grow naturally as less visits to properties will be required when offering a ‘move in service’. Typing has currently been subcontracted to a self-employed typist, which will no longer be required.
Areas to consider to potential future development include implementing a regional marketing strategy designed to further promote the business in order to attract more clients in a larger geographical area. The business has not marketed itself for the last three years and its Facebook page is dormant - by readdressing these platforms, the business can further expand its marketing reach. The nature of the business would lend itself to providing relevant services, such as floor plans for estate and letting agents, Energy Performance Certificates and stocktaking services.
One of the partners is willing to stay on to help ease the transition for up to one month. Intelligent Business Transfer have been requested to find a suitable buyer.

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