Online Estate Agent and Property Portal

Wretton, Kings Lynn
REF: 01323

Asking Price:
£79,995
Annual Turnover:
£67,787
Annual Net Profit:
£58,274
Reduced
Recently Sold
REF: 01323
Photo of Online Estate Agent and Property Portal
Photo of Online Estate Agent and Property Portal
Photo of Online Estate Agent and Property Portal

Overview

Tenure:
Relocatable
Established:
2007
  • Great Reputation
  • Contracts in place with number of Spanish Estate Agents
  • Minimal Overheads
  • 7,000 properties on their books!
  • Net Profit - £58,274

This is a rare opportunity to purchase an online estate agency and property portal which focuses on the selling and letting of Spanish property.


The business is instructed by a number of Spanish estate agents to sell and let their properties via a number of advertising methods.


The business charges each estate agent 50% of the sales commission they are set to receive from their vendor, if they introduce the buyer to the property.


The business has a great reputation in their industry and benefits from the lucrative property commissions paid to Spanish estate agents plus other revenue sources.

The business is currently ran from a virtual office in Norfolk, however it could be relocated to any location in the World.

Intelligent Business Transfer are excited to offer to the market this very rare opportunity to purchase an online estate agency and property portal which is solely focused on the Spanish property market.


The business has been established for 7 years and in this time has built a great reputation. The business acts as an estate agent for Spanish property to foreign buyers.


The business will advertise properties on a number of different property portals as well as their own, to introduce buyers. Their buyers come from all over the world and once they have completed the sale, the Spanish agents then pay the company 50% of their commission, which is often a minimum of 5%.


The business has various other revenue sources such introductory services to mortgage providers, solicitors and currency converters.


The business would increase their sales revenue if they were to advertise their services to Spanish estate agents to further increase the 7,000 properties they currently have on their books. A potential buyer may also wish to franchise the business to other countries throughout Europe.


The turnover of the Business is in the region of £67,787 with an impressive net profit figure of above £58,274.


It is with a heavy heart the current owners are selling the business due to retirement. This business would suit an entrepreneur with a passion estate agency and with the energy to manage this lucrative business.

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