Business Summary:
Well Established Commercial Property Chartered Surveying Practice and Estate Agency. Location: Kent. Asking Price: £150,000 plus Net Assets. Business highlights include:Turnover £263,000 plus p.a.Gross profit over £186,000 plus p.a.EBITDA £78,000 plus p.a. Excellent Client Base With Repeat Business. Commercial Property Focus. Management, Sales and Lettings. Multiple Award-Winning Firm. Huge Potential to Expand. Centrally Located Premises. Business Profile:The company was founded within the last ten years, although the owner has been involved in commercial property in the Kent area for over 30 years. The company provides a comprehensive range of commercial property services to a wide range of clients in and around the Kent area. Since inception the practice has grown to be recognised as one of the market leaders in the region with an enviable reputation for professional advice based on extensive experience and long-standing contacts. The achievements of the business have been recognised with a series of annual awards including top firm and deal maker recognition.The business is well structured with an excellent trading history and repeat client base, showing continuous upward trends in turnover and profit. There is enormous potential to grow the business further and to add additional residential property services to the practice including surveys, sales, lettings, valuations and management. Services: Commercial Property Advice. Property Management. Property Disposals and Acquisitions. Valuations. Planning Advice. Rent Review and Lease Renewal. Building Surveys. Party Wall. Dilapidations. Clients : The business has many clients including a number of national and multinational clients. The practice fee income is well spread over these clients and no one client represents more than 15% of the total income of the practice. Technology: All necessary software, domains and emails are in place. Systems have been set up to easily facilitate new ownership and all client and marketing data is held within a Customer Relationship Management (CRM) System that can easily export to alternative or existing systems operated by potential purchasers. Key Strengths: Well Established business. Strong market leading regional presence. Superb property network. 25% of income from property management. The Future Opportunity : The current owners are looking to sell the business to enable the company to continue its positive growth trend. With greater capacity, a larger team, greater use of online services, training packages and possible subscription revenue models the business could experience significant further growth. The current owners are keen to actively engage with new owners and share their thoughts on key growth areas and strategies to build on the work that has been done to date. They recognise that there is likely to be a requirement for the main fee earner to be involved for a transition period to be agreed. Advertising : The business has grown from word of mouth and referrals. The company has an operational website and a social media presence with LinkedIn and Twitter. With greater capacity the company would benefit from a targeted marketing campaign with wider social media links, SEO and comprehensive content writing. Employees : The business is supported by the following: 2 Directors (Chartered Surveyor and Finance/Operational Director). Full Time Graduate Trainee. 2 Secretarial Staff. Consultant Surveyors as and when required. Premises : The Directors operate the business from a centrally located office. The property can be leased with flexible short or long terms and there is also an opportunity to purchase the freehold by separate negotiation. Financial Information : The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The business has achieved a history of excellent growth and profitability over the last 3 years. Turnover to 31st August 2024 £263,171. Gross profit circa £186,489. EBITDA circa £78,000. The Asking Price of £150,000 is for 100% of the issued capital of the company. The Net Asset Value is in addition to the asking price and will be confirmed in detail on completion. A £ for £ adjustment will be made to the asking price for any amendments to the net asset value at the date of completion. Reason for Sale : The directors and shareholders are seeking to retire although they recognise that, given the nature of the business, they will need to be involved for 12 months or more to facilitate the successful transition of the business. Support and Training : The existing directors and shareholders will provide full support during the transition period.
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