£0 £1000000
£0 £1000000

Well Established Online Estate Agents For Sale

Telford, Shropshire

< 1-4 >

Enlarge

For Sale

£250,000 +SAV

Ref: B06503

Business Only

Overview

Please quote reference B06503

Hilton Smythe is delighted to present to the market an exciting and successful ‘Hybrid Estate Agency’ established by our client 8 years ago.

Nu:move has marketed over 10,000 properties since it was founded and has enjoyed increasing year on year revenue growth until the Covid pandemic.

The agency is now being sold to allow the company to concentrate on its other operation - nu: 1 Capital.

Nu:move raised £750,000 to fund its expansion, investing heavily into the website, the franchise network and support structure.

Nu:move is a one stop property platform with a similar online presence as Purple Bricks (which was launched 1 year after nu:move). The business prides themselves on offering customers a simple, progressive process to buy and sell property online technology and dedicated face to face advice.

They charge between £699+ vat to £1,395 + vat to sell homes on location and package, and also offer a lettings package too.

Nu:move previously operated through a franchise network of 20 regional representatives with each franchise costing between £4,000 to £10,000 (depending on how many ‘chimneys they cover) followed by a monthly cost of just £215 for access to admin, training, systems and support.

Company Vision -

  • INNOVATION
  • SUSTAINABILITY
  • SERVICE
  • RELIABILITY
  • CUSTOMER RELATIONSHIP
  • QUALITY
  • nu:move has evolved to fill a gap in the market for a sustainable and workable hybrid estate agency
  • Traditional estate agencies are evolving, with over 90%of selling and letting searches carried out online.
  • UK customers want an online hybrid estate agent that offers
  • A full set of estate agency services.
  • Fair costs to sellers and landlords.
  • No compromising on service and professionalism.
They offer expertise and personal local service and, critically, nu:move markets properties online with a tailored, optimised approach. Through targeted advertising on property portals, TV, Radio, Social Media & Google Advertising we will find the best buyer. The transition to the online marketplace has seen industries from travel to movies and banking to shopping make our lives much easier. Why should selling a house be any different? It was imperative to provide an online property platform for the generation of internet savvy customers. We bring the property sector online whilst maintaining the best practices of the traditional industry.

2013 -

  • Launched nu:move Online Estate Agents
  • Marketed over 2000 properties in 6 years Sold over £500 million worth of properties
  • Listed over £3 Billion worth of properties globally, including off-plan properties
  • Profitable with natural year-on-year growth
  • Following this substantial success nu:move quickly diversified into more sectors within the property industry gaining further opportunities to grow within the industry
2014 -

  • nu:move International was launched to offer global real estate online to our customers
  • Set up HQ in London with offices in the UK, Europe and Asia
  • Partnered with prime residential agencies, providing a portfolio of luxury properties
  • Developed a network of customers including HNWIs, investors and holiday home buyers
2016 -

  • nu:move Investments was launched to work with trusted developers & agents with strong track records
  • Marketing a portfolio of investment properties to investors
  • Specialising in sourcing high-income generating buy-to-let properties amongst a diverse range of investments including buy-to-let student accommodation, fractional ownership, buy-to-let investments properties in the UK and worldwide commercial investments
Advertising platforms -

  • Local advertising - point of sale for all franchises
  • Social media - Facebook, Twitter, Google & YouTube
  • Outreach Banners - online platform links
  • SKY TV
Key Business Attributes -

  • Fully relocatable
  • Cloud based
  • 24/7 access
  • Call centre support
  • Members of TPOS, ICO, Trading Standards
  • Fully compliant for GDPR, fully registered for Anti Money Laundering
  • 5-star reviews - Trustpilot 5 star
  • Award winning hybrid estate agents - Proptech, Franchise platform, National Franchises
  • Bronze Negotiator award
Our client initially was looking to achieve a sale figure in the region of £2M however they identify that investment will be required to regain the growth levels previously enjoyed in 2019 and have decided to price the business to sell quickly.

Included websites -

W: nu:move Online Estate Agents

W: nu:move Blog Site 

W: nu:move Franchise  

It is very rare that an established business model of this standard, experience or new potential comes onto the open market, and we therefore strongly recommend early enquiry to avoid disappointment. 

Turnover
We are advised the business generated a turnover of circa £200,000 as of 2019, further financial information can be made available upon request.

Please quote reference B06503

The business is run and managed by our client.

The business runs 24/7 through the online platforms.

Nu: move is a 100% cloud-based business model with Google first page website listing.

Our client currently runs the business with other business interests from their Head Office in Telford, Shropshire.

The business will come with a full handover allowing the complete model to be transferred to any alternative UK location.

There are currently franchises across the country including London, Birmingham, Manchester, Liverpool, Leeds and Newcastle.

Relocatable.

Tenure
Business Only.

Similar Businesses For Sale

5

Reputable Carpet & Flooring Business For Sale

Cramlington, Northumberland

£19,995 +SAV

Discover Business

4

Well Established Butchers For Sale

Poulton-le-Fylde, Lancashire

£29,995 +SAV

Discover Business

6

Well established Caravan Photo Booth business for Sale

Worthing, West Sussex

£22,999 +SAV

Discover Business

Need help to find your dream business?

Our buyer matching service can help, sign up today.

Find your dream business

    Sales Negotiator Photo

    Tommy Sweeney

    Sales Negotiator

    Need help with finance to purchase this business?

    Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.

    Try our finance calculator

    Finance Calculator

    Powered by Hilton Smythe

    £250,000 +SAV

    6%
    £100,000
    £150,000
    5 years
    £0

    60 monthly payments of

    £0

    Apply Now

    Representative Example

    Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83


    Rates may differ as they are dependent on individual circumstances. Subject to status.

    Popular business searches in the UK