SOLD : Holiday & Second Homes Property Management Business, S. Devon – Marketing Price £120,000

  • Long and very well established, based on highly successful business model
  • Providing property management services including keyholding, holiday changeovers, cleaning and property repairs & maintenance
  • Currently 95 properties under contract in portfolio
  • Significant further development scope
  • Very well set up (robust systems, processes, standards, quality control, contracts etc. including extremely good training programme for ‘self-employed property managers’)
  • Currently run under management (ideal for investor who would want business to continue to be operated this way)
  • Extremely profitable for owner operator (even more so if operated from home rather than from rented business premises as at present)
  • Mainly seasonal operation but good income during winter period from maintenance and repair work
  • Turnover £295,000 – real scope much higher
  • Net profit circa £90,000 if new owner were to personally manage the business and operate it from his/her home
  • Very attractively priced to encourage early sale