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the UK marketplace for company sales

Short-term house & flat share agency

Reference
S7425
Turnover
£1m to £2m
Sector(s)
Real estate activities
Region(s)
North West England
Added
08 January 2021

Business description

The company is focused on the provision of quality accommodation on a house in multiple occupation (HMO) and short-term letting (STL) basis, operating on a primarily rent-to-rent basis and managing a number of properties in popular, affluent areas.

Operating across North West England, the company has experienced considerable growth since its inception, with its reputation for providing an exceptional service and high-quality accommodation ensuring the continued strength of the business. 

Our clients are now offering the company for sale as they wish to pursue alternative, unrelated ventures in the property development market.

Highlights

  • All properties are fully furnished to a high standard and ideally located within a short distance of key transport links.
  • Works with several major local landlords, providing accommodation for approximately 250 individuals, and benefits from a number of strong, longstanding client relationships, some of which span over 10 years.
  • Renowned as a leading service provider in its core operational area, benefitting from a respected brand and highly experienced management and in-house maintenance teams. 
  • Cohesive development strategy in place, including the launch of a dedicated app and targeted sales and marketing activities. 
  • Operates from leasehold premises based in North West England.

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2017 (Actual) 1,039 50
2018 (Actual) 1,160 86
2019 (Actual) 1,191 90
2020 (Actual) 1,275 88
  • Achieved turnover in excess of £1.2 million in YE20.

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