Opis:

'Payment plan/options available'

Asking price includes:

Turnover circa £248,235 per annum
Gross Profit circa £159,840
EBITDA £132, 349

Sales of all types of residential properties in high end market area
Excellent defined local brand name recognition
Good fee structure and margin levels achieved
High profile locations
In excess of 25 year's successful operation
Excellent reputation
Website

Business profile:

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 £248,000 generating profits of approximately £70,000 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.

Customer Service:

The team are experienced and committed to providing the highest levels of service and attention to detail and have built a reputation over the years for delivering results, whilst maintaining traditional values of reliability and integrity. As a result many of our clients come to us following personal recommendation.

Key Strengths:

With over twenty five years' experience in the local marketplace, the business has an established presence and enjoys high levels of awareness amongst home owners. As a leading independent, this business is very much built upon the philosophies of its owner - a belief in offering the very highest levels of customer service and maintaining its well-deserved reputation.

As a result of its longstanding reputation, historic trading records and in-depth knowledge of the local property market and in particular its concentration on its niche sector of high end properties, this business enjoys high levels of repeat custom and strong word of mouth recommendation.

Growth and Expansion:

There is the opportunity to refit the shop and expand on the existing good name to increase the profitability.

Premises:

The vendor owns the freehold of the property who will offer a new lease to the successful purchaser. The rent will be £12,000 per annum with rates of £3,980 per annum.

The premises are circa 850 sq. ft. And are fully fitted with 4 front sales desks a private office plus WC and kitchen. The shop front has two glazed sales windows for displaying available property for sale.

As previously stated the estate agency is in the prominent affluent Kent location Chelsfield close to surrounding villages.

Business Hours:

Monday - Friday: 9.15am - 7pm
Saturday: 9.15am - 5pm
Sunday: 10.30am - 3.30pm

Advertising:

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.

Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover circa £248,235 per annum
Gross Profit circa £159,840
EBITDA £132, 349
The Asking Price of £399,000 is for the assets and goodwill of the business (exc. SAV).

Employees:

The two owners are assisted by a team of two full time and two part time sales staff.

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.
Reason for Sale:

Retirement

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

Looking for Finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement:

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

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Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 25 7777
info@turnerbutler.co.uk
www.turnerbutler.co.uk