Business for Sale in CARDIFF, South Glamorgan - RESPECTED CARDIFF ESTATE AGENCY WITH STRONG LETTINGS INCOME. - Leasehold: £89,950 (Offers Accepted)

Key Information

Ref
M32911J
Type
Service Businesses: Estate Agents/letting Agents
Location
Wales: South Glamorgan
Tenure
Leasehold
Status
Sold
Annual Sales
£170,000 Ex Vat
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EM&F offer for sale this well established and locally highly respected independent estate agency business which strongly benefits from regular and lucrative lettings income.

Based in a pleasant Cardiff suburb within a prominent and extremely vibrant parade location, the business has an enviable reputation built up over many successful years' trading, and has also recently been subject to a comprehensive refurbishment and rebranding (inc new website/software etc) which is already proving highly popular & effective.

Fully regulated, professionally and staff run the business enjoys good income of circa £170,000+ per annum and enjoys very good lettings income seen within this of over £4,800+ per month appx, from its 65+ managed rental properties.

Historically dealing in properties up to £300,000 level, the area/business has fantastic development potential, having vast numbers of residential properties seen available to target, with also a locally vast price span apparent.

Indeed the current owner has now started to expand the locations/values of listed properties and has quickly seen increases in both these facets and indeed also in its commissions derived from such new markets!

Run from a very busy trading location, the well positioned & modern office premises (which has 7 years appx of a 15 year renewable lease still remaining) enjoys attractive rent of just £1,500 per quarter payable and has the added bonus of no business rates payable ... and is therefore felt as absolutely perfect for its usage.

The business would be ideal as a strong office/bolt on for an established agency/lettings operator or indeed as a fantastic first venue for any new entrant into the market (and for information there is also no immediate/new office competition allowed in the parade it sits within!)

With many sstc agreements ongoing with circa £28k of commission advised in the pipeline (December 2017), the ongoing strength of the business is also seen fully apparent.

Overseen by our owner, but run day to day by 3 very loyal, experienced and professional staff, this great business is offered for sale with full handover training (if required) and even has included a wonderful golf sponsorship/advertisement package already fully paid up for for the next 2 years!

All in all, a great estate agency/lettings business in a very strong trading environment!

Highly Recommended & great opportunity!


EPC Rating: D

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