We currently have the following territory for sale:
Area: Edinburgh
Price: Offers in the region of £108,000
Situated in the City of Edinburgh. The monthly turnover of this office has regularly achieved a turnover approximately £6,000 to £7,000 per month.
An existing office, kitted out with an existing managed portfolio. A franchise fee is payable but included in the above figure. VAT will payable
Please contact Christopher or Sarah on 01476 570000 during working hours. Full training and the opening package will be given (as if it were a new cold start)
Area: Huddersfield
Price: Just the franchisee fee of £27,000(no cost for the portfolio or office refit)
Situated in a the Yorkshire town of Huddersfield.
Lettings is a recession proof business and according to the Government, it is set to grow by an additional 1 million properties by 2020 - that about an additional 950 buy to let properties in Huddersfield over the next 9 years!
Due to personal circumstances of the existing franchisee, he has handed us the keys back to our Huddersfield office.
We have a branded office, with a number of managed propertys that we will include in the deal. You will be given full training and you will have the support and guidance to get you started. The purchase price for the training and the modest portfolio (producing around £6k/£7k pa) would be £22,500 + VAT (thus saving you money having to refit the office and having an immediate source of income)
The £27,000 is £22,500 plus VAT = £27,000
Bank lending can be provided upto 70% of both the purchase price, any shop fit costs and any working capital (working capital is the difference between what you bring in each month and the monthly outgoings/costs of the shop (rent, rates, electricity, advertising, web wages for staff, even a living wage for you until you break even) subject to status and there is a modest portfolio to provide income from day one.
Our top 25% of franchisees achieved an average turnover of £313,721.91 per office. Our top 10% of offices achieved an average turnover of £408,831.16. (Rolling YTD Jul 2011). Only 2 of our 202 franchises were either letting or estate agents before they started with Belvoir Lettings - so no experience required!
If this sounds of interest, ring Christopher personally on 01476 570000 or on my mobile on 07557 285970 (until 8pm in the evening). He wont give you any hard sell, just the facts to enable you to decide if it is for you or not.
Full training and the opening package will be given (as if it were a new cold start).
Area: Poole (near Bournemouth)
Price: Offers in the region of £37,500
Situated in the vibrant costal town of Poole in Dorset.
We are selling a managed portfolio of around 15 to 20 properties which produces £15,000 pa in management fees
There is a choice of opening in the current location or opening up a new office (subject to contract). Priced to sell. A franchise fee is payable but included in the above figure. VAT is payable on some/all of the purchase price
Please contact Christopher on 01476 570000 durign working hours or early evenings and weekends on 07557 285970. Full training and the opening package will be given (as if it were a new cold start)
Area: Essex (Large Town)
Price: Offers in the region of £177,500
Situated in a vibrant town in Essex with a population of 160,000 plus people this is an excellent opportunity to take on an existing Belvoir Franchise which has been been a going concern for a number of years.
Year to date turnover supplied by the current owner is £144,000. In addition, part of the building is currently sub-let which produces an additional £11,700 per annum. In total, the business is generating £155,000 in fee income and additional income on an annual basis.
The business is currently managing 127 properties on a daily basis with an additional 490 tenant find properties. Most landlords have single properties and there are a number of high quality multi landlords with multiple properties.
The current owner states net adjusted profits of circa £58,000. Your accountant and solicitor would need to verify all information provided as part of a standard due diligence exercise.
A franchise fee is payable but included in the above figure, VAT is payable on some/all of the purchase price. For more information about franchising with Belvoir please visit our website Click Here
For further information please contact Sarah Wood or Christopher Watkin in Franchise Sales on 01476 570000 during office hours or early evenings on 07557 285970. Alternatively, please email franchising@belvoirlettings.com.