Sales and Letting Agency. Prime Affluent North London.
North London
Reference: 1478
Current annual income of £85,000 (previously £183,000) of which £36,000 is from property management and lettings and £49,000 sales.The unopposed shop is located in a busy residential parade of high end retailers in this densely populated and very affluent area where house prices generally start at around £1.5m. This independent business is run by the owner without staff and being sold due to the pending retirement of the founding owner due to ill health after 28 years of successful trading and offered with huge potential for both further sales & lettings/management in this prosperous and sought after part of North London. The business has suffered over the last eighteen months due to the owners poor health, this has now resulted in a required sale of the business. This represents an ideal opportunity for younger forward thinking buyers to build upon a long established respected business. For year end March 2024/25 net profit of £45,000, 2023/24 £82,000 2022/23 £83,000 and for year end 2021/22 £135,000. n.b. The letting portfolio will not be sold separately.