This is a fantastic opportunity to take on a residential letting agency which is very well-known in the local area.
Operating successfully since 1998, the agency has been providing high quality homes available to rent, ensuring an attentive service for both tenants and landlords. Its own website and visibility on Zoopla affords the business immense credibility in the area and attracts tenants from both near and far.
Trading from an office in a bustling residential location, managed by the two partners, a new owner could easily take on the business and continue running operations effectively.
Positioned on the end of a busy local high street, the agency is visible from street level and attracts passing footfall inside. The office is approximately 25 square metres, with kitchen and toilet facilities to the rear. All fixtures and fittings are included in the sale.
The business currently manages 50 lettings which generate regular monthly income on long term tenancies and has 4 rental opportunities advertised on their website.
Its website details the agency’s processes and emphasises its strong client focus, taking the time to find out what each tenant is after. In addition, the agency is supported by advertising on Zoopla and On the Market, two of the UK’s leading property portals.
The agency would be ideal for an existing agency wishing to grow their property portfolio or an agent looking to take on a manageable business and go it alone.
The new owner could grow the business through further advertising, perhaps by creating social media platforms and regularly posting new properties for sale/to let. Being present at relevant exhibitions would also help to get the business’s name out there.
As the current owner would be happy to stay on for a transitional period, a new owner will be provided with complete handover of business operations.