Plymouth, PL4

Residential Lettings & Estate Agency Franchise Located In Plymouth

Ref 2386

Location

This outstanding Residential Lettings & Estate Agency Franchise is located in Plymouth. Plymouth is the largest city in Devon known for its maritime heritage and historic Barbican district. This quaint part of the city has narrow cobbled streets and an abundance of retail shops, bars and restaurants and enjoys busy trade all year. The town is easily accessed via the A38/M5 and mainline railway station.

Leasehold Asking Price: £275,000

Business Description

Veritas Business Sales are delighted to offer for sale this respected Residential Lettings & Estate Agency Franchise which is located in the city of Plymouth, Devon. This particular franchise was established back in 2004 and has been in the careful hands of our clients for the past 15 years. Reluctantly the business is now being offered for sale due to other pressing business interests requiring their attention. Since ownership they have continued to grow the business and boast circa 140 fully managed properties and has an annual turnover of £960,351 with a (GP) of £247,648. The office is operated by 1 full time (Director) & 3 full time member of staff. Full training will be provided along with support from Central office subject to terms and conditions. We believe that there is further potential to increase turnover should you wish. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat client base. This is a superb opportunity to purchase an established business and as such early viewing is highly recommended as this is not to be missed.

Opening Hours

Monday - Friday - 9.30am - 5.30pm

Saturday & Sunday - closed

Leasehold

Original term: 10 years Remaining: 10 years Rent: £12,000 pa Business rates: £800 pa

Ground Floor

Reception (4.5m x 3.3m).

Main office & showroom (6.2m x 4.6m) with reception desk and 4 communal desks & chairs.

Back office (4.0m x 2.9m).

Unisex W/C (2.2m x 2.2m) with wash basin and shower.

Kitchenette (2.7m x 1.7m) with sink drainer, wall units and tea & coffee make facilities.

IT room.