Residential Property Management For Sale in Berkshire- Business 4 Sale .co.uk

Business Summary

HISTORY

• The business was originally founded by the vendor over 25 years ago, during which time he has built up an excellent local reputation

REASON FOR SALE

• The business is only now being reluctantly offered for sale as the vendor wishes to retire

SERVICES

• The business manages circa 30 residential properties
• They find tenants, check references, read meters, liaise with all the services, organise any maintenance which may be required from time to time, carry out spot checks to ensure the property is being well looked after and of course, collect the monthly rents which are forwarded after the deduction of their agreed fees
• The average monthly rent in the area is £800
• The business also sells approx 1 or 2 properties a year

CUSTOMERS

• All the clients are within an approximate 10 mile radius of the vendor’s home and are located within 2 specific post code areas

STRENGTHS

• An extremely well established business which has been trading for over 25 years
• A low overhead business which can be run quite efficiently from home
• The business can be run to suit the lifestyle of the vendor
• Requires little or no capital outlay

DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).

Property Information

	Property:	Leasehold

	Lease Terms:	• Run from home • Fully re-locatable

	Living Accommodation:	No

	Details of Accommodation:	• The business is currently run from a spare bedroom within the vendor’s home

	Location:	• The business is located in the vendor’s home which is in an affluent town in Berkshire.

Growth Potential

• Increasing the working area beyond the current 2 post codes within which the business operates
• Have a web site so prospective new landlords will become aware of the services on offer
• Advertise to find new landlords

Other Details

	Is this a home-based business?	Yes
	Can this business be relocated?	Yes
	Is this business part of a franchise?	No

Summary of Business Hours

• The business requires circa 3 to 4 days per week work directly with the clients
• They can be spread to suit the lifestyle of the vendor

Summary of Staffing

• The vendor and his wife, who both work part time for approximately 3 and 4 days per week respectively

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