turner butler are delighted to be appointed as sole selling agents for this exciting business opportunity. This dynamically driven business has far more to offer a new investor than the traditional estate agency. Established in 2000 by the business’ principal, the business has evolved a very stable and profitable rental portfolio. The rental side of the business currently represents 70% of its turnover, with property sales representing 30%. This has established the company as the most significant rental agent in the area, with 75 managed properties from 62 landlords in its portfolio. Rentals are based on 6month rolling lets. The company has developed several key facets within its business model. All rental properties are maintained to a good standard with most being fully managed by the agency. The agency maintains a good bank of tenants and has developed a reputation for reliability, honesty and prompt payment, with rent being guaranteed to the landlords. The company is a member of the national association of estate agents, birmingham association of estate agents and the tenancy dispute service. The business also benefits heavily from the rental income coming from the other tenants above the shop and to the rear. This offering will appeal to a wide variety of investors, or indeed another agency seeking a geographical foothold. Key factors of interest are the business’ good premises and key location with great frontage, the wide spread of landlords and the low business risk enabled from the in-house rental stream. Equipment: the company owns and maintains an inventory of office equipment utilised in the daily operation of the business. This inventory is expected to be included in any successful sales package. Customer service: the business has developed a great reputation with both its rental tenants, the landlords and the customers listing their properties for sale, based on the open and honest approach used as part of their business practice. Key strengths: the key strength of this business must surely be that, in difficult trading times, the business’ balance between property sales and rentals will always even itself out i.e. When sales are up – rentals may be down and when sales are down – rentals will be up. This factor along with the shop/showrooms rental being covered by the rental tenants above and behind make this business offering exciting indeed.
