ESTATE AGENCY RESIDENTIAL SALES-£345,000
Seller:
Attn:
Andrew Hudson
Location:
'East London', United Kingdom, GB
Listing Number:
"CR102"
Overview of the Business:
Established in 2004, this estate agency has been trading for four years by the current vendor in a prominent high street location in East London.
The vendor has invested considerably from the outset of business operations by virtue of a franchise offering with a considerable footprint in the UK and a brand with very high recall. This was considered essential in the establishing of a robust offering in this sector; which at first differentiated the business from its competitors and has since become a business with a considerable reputation for quality and service on the merits of its staff and their commitment to customer satisfaction.
Property Features and Assets:
The business operates from leasehold shop premises in East London. There is circa 15 years remaining on the year lease. The premises consist of circa 600 square foot, split over two levels, with seven sales desks with integrated computer systems and telephone network.
There are also 3 apartments that generate an income of 31,500 per annum
We are informed the annual rent for the whole of the premises is charged at £18,000 per annum with rates charged additionally at £4,599 per annum.
Market Competition and Expansion:
A large percentage of new clients derive from recommendations, the business regards existing clients as their best advertisers and has maintained an impressive base of satisfied repeat customers while continuing to attract new referrals.
Additional Details:
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