Rapidly Expanding Property Rentals and Property Care Business For Sale

Business description

An excellent opportunity to buy a centrally located, office based, very profitable property rentals and Property Care business with demonstrable earnings. Approximatley 100 properties which has rapidly increased, by word of mouth and reputation, from 44 as of September 2006, this business is located in the fast developing Murcia region which is enjoying huge investment including a new airport and new second runway to existing airport to accomodate passenger travel which is increasing by 20% each year, new motorway links, 5 million being spent on tourist projects, and, local to the business, a recently completed new marina. With approaching 50 properties let long term this business provides an excellent base income with additional income coming from a variety of sources owing to a prominant location in a Spanish tourist hotspot. Countless opportunities to generate income from provision of high commission paying short term holiday lets, furniture packs, mortgage referrals, guest services including airport transfers, food hampers, equipment hire, car hire, excursions etc. The business has an excellent reputation and is the most recommended rentals company in the area. Additional income is generated from property care services which although not fully exploited provides income from property cleans, maintenance, repairs, gardening, air conditioning installation, satelite television installation etc etc. The trust and repuatation of the business ensures the business is first point of call for owners wanting any work undetaken to their property.
The business has excellent potential for expansion in a number of areas with continuing develoment of the area providing more and more opportunities. A further significant expansion possibility is in property sales building on the relationships with tenants owing to an ever increasing number of people renting before they buy.
Securing sales through existing owners/investors is also a strong possibility and assistance in this area is in high demand. A property/business has already been sold by the business this year which demonstrates this potential.

Property information

Real Estate:

Lease

Lease terms:

Very low rent (350 euros per month) which is simply paid on a six months in advnace basis and therefore there is NO long lease committment!

Location:

Prime high street/high footfall location near a busy loteria and tabaco and backing onto the new marina.

Other information

Expansion potential:

The business, like the area, has huge potential for expansion, From property sales, translation services, insurance, wills, funeral plans, relocation services, mortgage services etc or further development of the Property Care team adding for example construction services or simply further development of this side of the business. The business can move forward in many ways depending on the direction the new owner or owners wish to take.

Competition / Market:

A few small "lifestyle" businesses mostly run from home operate in the area although part of the rapid increase in property numbers has been as a result of properties owners coming from other businesses. The business on offer now has more properties let long term than most of the other businesses have on their books. Reference should also be made of the recent property/business sale made by the business which was made despite the competition of local estate and business agents!

Support & training:

Full support will be available if required to ensure a smooth transition.

Reasons for selling:

The business is being sold due to family commitments.

Trading hours:

10.00 am - 2pm

Contact the seller