Running a business is hard work. Particularly a lettings business where legislation is constantly changing - there’s no shame in pivoting and going in another direction that better suits your lifestyle. 

To assume you automatically have the loyalty of newly-acquired customers is a big mistake. Remember - you're under the microscope straight away…

Property management isn’t just about managing properties; it's about managing relationships with landlords. That's why we take pride in ensuring a smooth and seamless onboarding process for landlords when we acquire another lettings portfolio.

We want any sellers we work with to walk away knowing that their clients are being looked after and that the transaction went as well as it could for all parties.

Buyers are looking for confidence in future cash flow when they’re purchasing a business, influencing the figure they will be willing to pay. 

Rest assured that we’re well prepared with a plan of action cultivated from our previous experiences that make it as straightforward as possible for everyone involved.

They’ll offer you extra support throughout the process, which is reassuring to have if it’s your first time selling a business, and they’ll typically charge 2% of your overall sale fee for the service.

When you’re looking to sell your lettings portfolio, there’s a certain level of information you need to be prepared to disclose so a buyer can be clear on what they’re buying and offer you a fair price.

A lettings company can lose money and still have a saleable value. How? Why would someone buy a loss-making business?

In this blog post, we explore 3 parts of your business you can get in order ahead of selling to make the transition of your business as seamless as possible. 

There’s a typically slow nature of growth within Letting Agents and it’s often someone’s life work that they are parting with when they decide to sell. We understand what it takes to build a lettings business from scratch and the sellers of the agents we buy usually do too.

One thing is for sure, the real work starts on the day the business is transferred. Not only do we have to amalgamate all the new data, contact the tenants, check compliance etc etc but we have to start to build trust with our new customers who haven’t voluntarily chosen to use our services in the first place.

It's no secret that we’re always in the market to acquire good quality lettings portfolios in East Yorkshire. Let us address the 3 main considerations we come across when speaking to agents that are interested in selling.

f your customers have loyalty to you as a business owner rather than valuing the service that’s provided to them, then it’s less likely they’ll stay with whoever purchases the business from you which means your business is less valuable.