Estate Agency - South West - Business for sale
Specialises in the sale and letting of residential properties. 550 active clients; 250 of whom are landlords. Experienced, long-standing second-tier management team with a succession strategy in place. Operates from three leasehold premises in South West England. Scope for further growth with expansion of service offering to include commercial properties, surveying, removals and property finding services. Turnover in excess of £1.58m with adjusted EBITDA of £435k. Projected turnover of £1.66m in YE18 with adjusted EBITDA of £504k. Circa 16% of turnover is reliable rental income. Offers invited.
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