Relocatable – Residential Property Services Business
City of London
- Asking Price: £95,000
The business will report a Turnover as of the 2018/2019 accounts of approx £230,000 with an adjusted net profit of around £62,000
- Tenure: Business Only
Hilton Smythe are delighted to present to the market a very successful and highly regarded North London based property services company established by our client in 2009. The ‘Business Only’ opportunity comes with a new client booking system, full business handover and list of instant actions to form its current turnover.
The business is being sold due to the other business opportunities of our client who identifies he is not giving the business the future growth attention it deserves.
It currently achieves an adjusted net profit of approximately 27% of the gross turnover.
The business concentrates on the residential market, offering the following services for Letting Agents, Sales Agents, Relocation Management Agents, Corporations and Housing Trusts -
- Residential inventories
- Energy Performance Certificates (EPC’s)
- Floor Plans
- Gas Safety certificates
- All work undertaken is word of mouth and currently our client manages around 40 accounts, many of which have been loyal customers since the business first established.
We are informed 80% of the work undertaken is for the high demand in residential inventories, many of which can be completed within 48 hours of request.
Many potential buyers within this industry will appreciate how competitive it is, service and reputation are key to its success. By simply adding another similar company would present many areas to reduce combined admin, Contractors’ costs and travel.
Our client also identifies the many areas where an increase in turnover could be achieved -
- Increasing the geographical area
- Increasing the number of services offered (i.e maintenance / building services)
- Increase the efficiency of the Contractors workload
- Increase the awareness of the company through new advertising/ marketing and social media campaigns
- Increase the new customer referral scheme
Due to the reputation and profit improvement potential of this business, we recommend early attention to avoid disappointment.
Approved business members of - AIIC, Elmhurst Energy and Stormy certified.
The Business is run and managed by our client with the help of his wife who works full time, a part time Admin Person and 12 fully trained self-employed Contractors.
MONDAY TO FRIDAY - office hours
This residential property services business concentrates on accounts mainly located in North London.
The business is easily relocatable to any area, ideally with close proximity to its core customer base. It can be run from home, a small rented office or added to any related business type located within London
2 x Apple Mac Computers
Laptop / printer
Selection of office equipment
New booking system