Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Sold. Independent Estate Agency; Residential Sales & Lettings In Very Affluent Location

LISTING DETAILS
Firms For Sale ID:
33231
Vendor reference:
CR181
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£399,000  
Turnover / revenue:
£248,235
Net profit / cashflow:
£132,349
Years established:
27
Number of employees:
4
Employees / staffing:
The two owners are assisted by a team of two full time and two part time sales staff.

OTHER DETAILS
Reason for selling:
Retirement
Support and training:
The owner is happy to provide support and training for a negotiated period of time to ensure a smooth transition of ownership.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Independent Estate Agency; Residential Sales & Lettings in very affluent location
Ref.CR181
Location Kent
Asking Price GBP399,000
This estate agency was originally established by the owners in 1986, and has become one of the areas best known brand names in the estate agents group. The brand name is synonymous for offering excellent customer service and for getting results.

Built upon the owners many years of experience in the property sector in the area, this leading independent Estate Agency has established a firm reputation for a professional, efficient, reliable but above all personal service. Well known for residential sales and lettings the agency deals predominantly in sales of property that forms 85% of the income, the remaining 15% comes from lettings under management. The agency has become a dominant name in the area with a reputation that has been built on professionalism and local knowledge.

Based in an excellent, high profile location, this is a very attractive business proposition with further growth potential that uses Jakx a bespoke estate agency programme.

With turnover of circa GBP248,000 generating profits of approximately GBP70,000 excluding Directors remunerations, this represents an excellent acquisition opportunity for a new entrant to the market or perhaps more appropriately for another estate agent looking for an established foothold in this prosperous area of Kent.

Having survived well in the recent down turn, the market is now beginning to bounce back and the agency is very well positioned to take advantage of this turn round being situated in a very affluent location, sitting centrally in Chelsfield which is a desirable high end property area.

Market / Competition / Non-Competition Agreements
In addition to its longstanding presence, high profile brand image and excellent website. A full page colour ad is taken out in the local papers plus its presence is significantly boosted by appearing on websites Prime location, Zoopla and Rightmove.

This business however benefits most from the most cost effective form of marketing, word of mouth recommendation, which is testimony to its excellent reputation.