Estate Agency Residential Sales & Lettings
Location United Kingdom
Asking Price Range $500K - $1.0M
Gross Revenues $401209
Net Profit / Cash Flow $213909
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1986
Number of Employees 4 - 5
Relocatable Not Disclosed
Number of Employees 4 - 5
Real Estate Leased
Training The owner is happy to provide support and training for a negotiated period of time to ensure a smooth transition of ownership.
Reason for Sale Retirement
Description Independent Estate Agency; Residential Sales & Lettings in very affluent location
Ref.CR181
Location Kent
Asking Price œ 399,000
This estate agency was originally established by the owners in 1986, and has become one of the area's 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 œ248,000 generating profits of approximately œ70,000 excluding Director's 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.
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