Ref: GAT2167
Gator Business Sales are delighted to be able to offer for sale this exceptional independent estate agency.
Established for over 15 years, the business operates in one of the most attractive and affluent parts of Dorset.
By choice of our clients, the agency currently only facilitates residential sales. This ensures plenty of expansion opportunities for the new owners to offer lettings, block management and commercial services.
Listing numbers vary depending on the time of year, but averages at 150 properties. This provides a very healthy cash flow.
Of particular note is the business’s consistent profitability. Adjusted net profit available to the owners in the most recently completed financial year was circa £300,000.
This is the first time that the company has been offered for sale since its inception. It would undoubtedly be an ideal bolt-on acquisition for any established estate agency that is seeking substantial non-organic growth via an expansion of their office portfolio. It may also be of interest to suitably funded industry professionals as a standalone business.
Property Details: Leasehold
Asking Price: £760,000
Annual Turnover: £728,000
Trading Hours: Office hours are Monday-Friday: 8.45am-5.30pm, Saturday: 9.00am-4.00pm. Valuations and viewings are obviously scheduled to meet the requirements of their clients and buyers.
Employees: In addition to the two owners who work full-time, there is an experienced and capable team of six.
Location: Ideally located for its target clientele, with plentiful free parking adjacent.
Premises Details: Exceptionally well maintained and presented double-fronted premises totalling approx. 69.55 sq m/748 sq ft.
Lease Terms: A 250 year lease was granted on the business premises in 2008. Our clients purchased this long lease in 2020 and it forms part of their pension portfolio. They propose to offer the purchaser of the estate agency a sub-lease with an incoming rent of £12,600 per annum – exact terms to be agreed.
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