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Lettings Check In Out And Inventory Services For Sale

Hampshire, UK
Asking Price:
Sales Revenue:
Under £50K
Cash Flow:

Established ‘verismart’ franchisee business - top class check-in and inventory service within the rental market - exclusive area - m3 corridor - woking to basingstoke - over 150 estate agents - easy hours - high profit return - considerable scope to increase

We offer this excellent opportunity to purchase an established ‘VeriSmart’ franchised property inspection and compliance business offering state of the art check-in and inventory services within the rental market to Agents, Landlords and Tenants.

Currently operating in their exclusive area along the M3 corridor between Woking and Basingstoke which includes 150 known Estate Agents as potential clients.

Vendor considers he is not maximising the potential of his area and feels that the business would benefit from a younger person with more energy and drive to acquire more clients and take the business to new levels which he openly admits he has no desire to do.

We are advised current Turnover is circa £3,250 per month (net profit for year ended April 2019 circa. £34,000). Minimal outgoings.

Average of 35 to 40 jobs per calendar month (circa. £100 per job). There are currently 40 Licensees in the UK - the top licensees can do 400 jobs per calendar month which does illustrate the potential.

Franchise Royalties (payable monthly) - 10% on Turnover or £500 plus VAT (whichever is the larger sum).

Training:- Provided by Franchisor at a cost of circa. £650 (duration between one / two months).

Included in the sale is the ‘Vendors’ franchisee initial outlay of £15,000 which will not be charged to the assignee.

Vendor to offer reasonable handover period and initial support.

Price for goodwill, assignment of franchisee contract and reasonable handover period and support:- £29,995

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