BusinessResale are looking for a buyer for our clients lettings portfolio in Lancaster. The portfolio belongs to one of the major property franchises in the UK and would be expected to remain within the franchise network. This is a prime opportunity for a buyer to re-establish and office and to use the business at a platform for growth. It is estimated that the business will sit at breakeven once an office and various other overheads are in place. Highlights include:

– 112 fully managed properties
– £111k turnover
– 1 capable member of staff who already runs the portfolio remotely
– Great location
– Huge growth potential

BusinessResale are looking for a motivated, driven and ambitious buyer who can see that this business should be treated as a platform for growth, rather than buying into an already profitable business. Any cold start lettings business would take 18 months + and over £150k of capital to get the business to the point of being at breakeven. This opportunity gives a buyer to fast track the process and be at breakeven on day one and for half the price!

Contact us for an NDA and further details.