The business for sale is a rent-to-rent property and HMO (house of multiple occupancies) business, which is based in London. Established in 2017, the business has been growing steadily since its creation and has now gained an excellent reputation and a loyal customer base in the sector. Sadly, the vendors no longer have time for the business and are looking to sell.
This company rents properties directly from landlords on a fixed-term tenancy (normally a 3–5-year contract) and manages the property on the landlord’s behalf. They provide tailor-made commercial agreements and an all-inclusive package for their clients, including a regular cleaner, gardener, and Wi-Fi. The business then sublets these properties on a room-by-room basis usually as an HMO (house of multiple occupancies).
The business sale includes the relevant training, the website, and all contracts and documents used by R2R (record to report) investors. The company is ready to trade with a successful 4-year history, which means the new owner should be able to get to work straight away.
There is huge potential for growth with this business, as there is a massive opportunity to find properties to manage and represent. This fantastic business would be perfect for someone who is looking to start out in record to report (R2R) multiple occupancy housing (HMOs).