Our vendor is keen to exit. They own this Cambridge property business, but live over 90 minutes away and run another growing (non-property) business. Hence, they have made it easy for someone to walk into this phenomenal business opportunity. The business is very strongly branded and is part of a thriving national franchise network.
Turning over around £130K pa, the business trades nicely under management, but it really needs a hands-on owner in order to inject pace and growth into developing the business. Priced at £120K, there are easy-buy options available that means a new owner can get into this business for as little as £18000 up-front cash. The balance can be paid via assumption of an existing loan and some level of earn-out over time.
This business needs to be analysed in order to assess the rapid growth potential on offer. It’s trading at around break-even and sometimes shows a small monthly profit, but this means that all new business (e.g. every house sale or margin from new lettings business) can go straight onto the bottom line. With Cambridge property prices being so high (e.g. £350K for a town-centre 2-bed mid terrace), it doesn’t take too many of these sold at 1% commission to ensure a very tidy return.
Full training is provided, so no experience necessary, other than enthusiasm and passion to succeed!
