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Deal Opportunities.co.uk

the UK marketplace for company sales

Estate agent

Reference
S8818
Turnover
£1m to £2m
Sector(s)
Real estate activities
Region(s)
East Midlands
Added
10 May 2022

Business description

Priding itself on delivering an exceptional standard of service, the company is a well-known, dedicated estate agency with a successful track record of marketing homes across the East Midlands.

In addition to offering a comprehensive house buying, selling, letting and renting solution, the business provides a range of complementary services, including conveyancing and financial advice.

Throughout its time in operation, the company has worked to develop an instantly recognisable brand, with the strength of its branding helping it to build its reputation within the region.

Our clients are offering the company for sale as they wish to pursue alternative, unrelated ventures.

Offers invited.

Highlights

  • Appraises approximately 250 properties each month, with it converting 50% to 60% of these into listings. 
  • Has an extensive database comprising 32,000 clients. 
  • Won a multitude of industry-specific awards. 
  • Management team possesses over 120 years’ collective experience within the property sector. 
  • Operates from six leasehold branches, all of which are strategically located across the East Midlands. 
  • Ideally placed to further expand throughout the region and open new branches in neighbouring towns and counties. 
  • Excellent bolt-on acquisition for complementary service providers based elsewhere within the UK.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2019 (Actual) 399 151
2020 (Actual) 1,131 234
2021 (Actual) 1,900 878
2022 (Forecast) 1,920 649
2023 (Forecast) 2,856 1,375
  • Turnover of £1.9m in YE21 with an adjusted EBITDA of £878k.
  • YE22 forecast turnover of £1.92m, increasing to £2.85m in YE23. 
  • Average gross profit margin of 61% over the last three financial years.

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