Business for Sale Overview:
Turner Butler are delighted to be appointed as sole selling agents for this exciting business opportunity.
This dynamically driven business has far more to offer a new investor than the traditional Estate Agency. Established in 2000 by the business’ principal, the business has evolved a very stable and profitable rental portfolio. The rental side of the business currently represents 70% of its turnover, with property sales representing 30%. This has established the company as the most significant rental agent in the area, with 75 managed properties from 62 landlords in its portfolio. Rentals are based on 6month rolling lets.
The company has developed several key facets within its business model. All rental properties are maintained to a good standard with most being fully managed by the agency. The agency maintains a good bank of tenants and has developed a reputation for reliability, honesty and prompt payment, with rent being guaranteed to the landlords.
The company is a member of the National Association of Estate Agents, Birmingham Association of Estate Agents and the Tenancy Dispute Service.
The business also benefits heavily from the rental income coming from the other tenants above the shop and to the rear.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The business trades from well placed premises in a key location on one of the main arterial roads within this area of Birmingham. The ground floor Office/ Showroom extends to circa 165 square meters. The current full repairing lease expires 2018, with a rent review 2013. Current annual rental comes in at circa £16,000 with rates coming in at a further circa £6,000. However the property contains several sub-lets which generate circa £19,000 in rental and bringing overall business premises rental overheads down to an effectively very low level.
Market Competition and Expansion:
No traditional advertising or marketing is currently undertaken. This and the development of an Internet website may well be seen as an opportunity by the new owner.
Reason for Selling:
The owner has developed other business opportunity
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.