Real Estate Agency For Sale in 0 North_west

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Property Search Business

Location:North West

Category:Real Estate Agency

Asking Price:£125,000

  • Sales revenue : £220,000
  • Net profit : £60,000
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Property Search Business

Business description

This business is a property search business that specialises in identifying UK property investment opportunities for Chinese buyers (the vendor is a fluent Chinese speaker). The business has gained traction quickly and despite trading for only 14 months, generates healthy profits. However, due to a change in family circumstances, the business is offered for sale.

The Chinese are currently one of the biggest investor groups into the UK property market, and with the Chinese & UK governments keen to develop closer business links, the level of Chinese investment into UK property is expected to grow further.

Typical property investment opportunities include residential, student accommodation, hotel investment and commercial property. Clients are normally Chinese speakers located in China, Taiwan, Hong Kong and the UK. While some sales are handled directly with the Chinese buyer, the majority of buyers are introduced via property agents located in mainland China, with the commission earnt on the property being shared with the Chinese agent. If the buyer is not a Chinese speaker, it would be prudent to employ one, at least on a part-time basis.

For the 14 months to Dec 2016, the business generated a turnover of c £220k with a net profit of c £60k. Due to other commitments the vendor is not currently proactive within the business, but just responding to enquiries. The guide price for 100% of the shares of the business is £125,000.

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