Business for Sale in East Anglia - FRANCHISED BUSINESS TRANSFER AGENCY – EAST ANGLIA - Business: £185,000

Key Information

Ref
M33315E
Type
Service Businesses: Estate Agents/letting Agents
Location
England: Norfolk
Tenure
Relocatable
Status
For Sale
Download Particulars Add to my favourites

Request Particulars

Please fill the form in below to request particualrs via e-mail for Business Ref : M33315E

Call us on 01603 280873

This business transfer agency franchise covers Norfolk, Suffolk and Cambridgeshire. It assists clients with the valuing and selling of their business across a wide spectrum including leasehold and freehold.

Everett Masson and Furby are one of the oldest and most established agencies in the country and have recently enjoyed their fiftieth anniversary of trading. They are highly regarded both in the market and by other professionals for their integrity, ethics and code of conduct in their dealing with clients.

This franchise is currently the number one fee earning operation and generates high average fees with a higher than industry norm conversion of instructions to completion.

Now offered for sale as the vendor wishes to partially retire, this represents a first class opportunity for a purchaser with a sound business management or estate agency background who is prepared to work hard and reap the rewards.

THE BUSINESS ITSELF

This is a long established, well regarded brand with valuable market links with introductions coming from the head office of EM&F and also, among others, banks, solicitors and commercial property agents.

Projected fee income for the twelve months to December 2017 is in excess of £220,000 with low overheads resulting in very healthy net profits for the vendor.

The company is run by the vendor with one part time negotiator while the I.T. and back office is currently outsourced. This can continue if the purchaser wishes.

Post completion training and support will be available if required. The vendor is also open to providing ongoing assistance with valuations and appraisals on a part time consultancy basis.

The business offers agency and sales file management services to independent business owners and families who are looking to sell their businesses be they sole traders, partnerships, LLP’s or limited companies.

Through the head office of EM&F many valuable corporate and individual sale enquiries are provided which are invariably of a high quality. The business has successfully sold a wide range of businesses including retail, catering, entertainment, engineering, Post Offices and many other Small Medium Enterprises in the B2B sector with many testimonials available. There is a data bank of some several thousand applicants.

Potential fee income from businesses on the books taken on during the last twelve months is in excess of £300,000, with a further £100,000 plus for more mature potential sales.

Considerable scope exists to expand the business by the recruitment of sub agents. There is one retained for the East Coast and this could be replicated in other areas.

The business operates in compliance with statutory and regulatory requirements and is VAT registered.

SUMMARY

A very rare opportunity to purchase an established business transfer agency delivering strong profits. Ready for further growth in the hands of younger more ambitious owners. Experience of the sector is not necessary as the vendor is happy to provide post completion training and support.

Copyright © EMF Group Ltd 2017 Company No: 987654321 - VAT: 111 1234 56