The business has been trading for nearly 11 years and is situated in a historic and thriving town with a vibrant mix of independent retailers and eateries. Nearby coastal resorts are all within easy [...]The business has been trading for nearly 11 years and is situated in a historic and thriving town with a vibrant mix of independent retailers and eateries. Nearby coastal resorts are all within easy reach, making this an ideal purchase for someone looking for a good work life balance.
The business is primarily lettings focused, with the emphasis on a fully managed service. The business could be improved by increasing the managed portfolio, which in turn would generate repeat income on a monthly basis and over time this will increase the asset value. A sales service has been launched however it has not yet reached its full potential. By developing this further, income can be increased within sales, financial services & conveyancing.
79% income generated from lettings activity
55% income generated from the managed portfolio
Growth in income could be achieved through the sale of properties and financial services
Low level of multiple Landlords and no student properties
The business will be sold on a Goodwill (asset sale) basis
