| (REF: 9577CM) International And UK Property Agents |
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| Seller Reference: |
9577CM |
| B4S Reference: |
16913 |
| Asking Price: |
£249,950
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£251,514 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
Undisclosed, Essex, United Kingdom |
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BUSINESS SUMMARY
An established and highly profitable company involved in:
• the acquisition for UK properties for a large client base
• the marketing and sale of overseas properties, mainly in resort locations
CLIENTS AND MARKETS
During the life of the company an extensive client database has been developed. Overall, the client base is affluent and financially sophisticated and is a mix of private individuals and corporate buyers.
The company operates in the UK market, identifying suitable properties for clients to buy. These are sourced through a variety of means, including an excellent website. The vast majority of these properties are acquired by clients at up to 30% below the market price in “distress” situations.
On the international front, the company has lucrative contracts with a number of prestigious international developers. Opportunities to invest in these 5 star high yield resorts are marketed to the existing customer database and through the specialist website.
There is a considerable crossover between the two markets, with buyers of UK properties seeking investments abroad and vice versa.
A BRIEF HISTORY
The business was founded by two brothers in 2006 with considerable energy being dedicated to the development of a profitable business model, benefiting from an extremely low cost base.
Growth on the UK and international side has been considerable, and has now reached a point where excellent contracts have been negotiated and robust and reliable marketing channels have been established incorporating a solid client base.
PRODUCTS AND SERVICES
UK Property Acquisitions
The company offers a comprehensive service to homeowners seeking to sell their UK property. Potential sellers are sourced from the excellent website, through a network of contacts, or via referrals from previous customers. All types of properties are considered, although around 40% of purchases are ex local authority stock, and the vast majority of purchases are under £200,000. A quick service is offered, with quotes provided on a net basis, with legal costs and disbursements not needing to be met by the customer.
In volume terms around forty to fifty properties are acquired by the company’s clients annually.
International Property Sales
The range and location of international property developments will vary as projects are completed and fresh developments started.
Currently developments are being marketed in Barbados, St Vincent, The Dominican Republic, St Lucia, Thailand, Brazil and Greece. Properties offered are typically in 5 star resorts and range from small apartments at less than £200,000 through to large £1,000,000 plus properties. A full financial service is offered and property is SIPP compliant.
Excellent commission terms have been negotiated with developers and are as high as 9.5% of the sale price in some cases. Developers (three in total at present) are all “blue chip” and the company has negotiated “master agent” status with the largest of these, allowing deals to be struck with “sub agents” if desired.
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Property: |
Leasehold |
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Living Accommodation: |
No |
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Details of Accommodation: |
The business is currently run from home. A major advantage is that the operation is fully re-locatable. The domestic operation would benefit from a UK base, but there is no particular geographical tie to the county of Essex. From an international perspective, the business could easily be run from anywhere in the world |
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Location: |
Home run business from base in Essex. Easily re-locatable, with an international dimension |
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• Ideal business for buyer to develop their own property portfolio with “first refusal” on all opportunities
• Creation of a network of sub-agents with lucrative income potential (deals offered would be better than new master agents dealing direct with the developers)
• Establishing a property finance arm
• Cross selling of insurance products
• Development of professional partnerships
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The directors would be happy to assist the buyer with the business by way of a handover or consultancy should this be required |
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Having built a successful operation, the directors now wish to pursue alternative business interests. Time pressures are such that they feel they cannot commit the required time to the development of the business.
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Is this a home-based business? |
Yes |
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Can this business be relocated? |
Yes |
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Is this business part of a franchise? |
No |
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