ARE YOU READY TO SELL YOUR LETTING AGENCY? GET THE VERY BEST PRICE AND A TROUBLE-FREE SALES PROCESS
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OVER 35 YEARS' EXPERIENCE
Over 35 years' experience in the
property industry and over 25 years
selling letting agencies
EXPERT & PROFESSIONAL
A well-resourced 7 person team
who have successfully sold over £140 million
pounds worth of letting agencies
A tailored sales process built around
discretion so your competitors can't
poach your staff and landlords
VAST ARRAY OF CONTACTS
Access to a diverse selection of potential
buyers through our extensive database
and industry contacts
A competitive bidding approach
that drives up the price of your
The support of an expert panel of
solicitors and due diligence experts to
see your sale through to completion
WHO ARE WE
- LETTING AGENCY -
Whether you're looking to leave the letting industry behind for a more profitable venture or are preparing to enjoy your retirement, now is the time to sell.
Don't give into bargain-basement offers from direct buyers. Get the price you deserve with a broker you can trust, choose Adam J. Walker & Associates.
GOT A QUESTION? WE HAVE THE ANSWERS - FREQUENTLY ASKED QUESTIONS -
Now is a very good time to sell a letting business. Prices have increased by more than 25% over the last 3 years and there are plenty of good buyers in the market.
Letting businesses are usually valued on a percentage of their turnover not their profit. The most valuable part of a letting business is the income from managed properties as this is the most secure revenue. Income from let only properties is valued at a much lower multiplier.
There is always a market for letting businesses, but sales businesses only achieve good prices for about 3 years in every housing market cycle. The market for sales businesses has been affected by Covid 19, and if possible you should wait for prices to recover before you sell.
Sales businesses are usually valued on a multiple of pre tax profit not on turnover. This is because it is harder to merge sales businesses than letting businesses.
There are 4 key things that we do to make sure that you get the best price. We will ensure that the sales prospectus shows the business in the best light. We will ensure that the business is offered to typically half a dozen qualified buyers, We will ensure that there is a fair competition to buy the business. Most importantly of all we will use our experience to get your sale through first time at the price that was originally agreed.
Length of sale varies. It usually takes anywhere from 3 to 6 months to find a buyer, and then to get the sale through to completion. However we once completed a sale in 4 days.
The only way to be sure that you achieve the best price is to have several buyers bidding against each other to buy the business. We can do this far better than the business owner can themselves. The second major issue is that we have the expertise to get the sale through first time. Most private sales fall through usually because of problems that could have been predicted at the outset.
There are many things that you can do in the months before you sell that will increase the value of your business considerably. Please go to the consultancy page for more information about how we can help you to do this.
Yes. Please find all information on our services on partnerships splits here.
- HAPPY CLIENTS -
- HAPPY CLIENTS -
Thank you so much your help throughout has been superb.
Best of luck with your future.
Matin Capital Limited
“Our journey to completion of the sale of our business has been a long and sometimes fraught experience as we navigated the obstacles of talking to potential buyers, losing potential buyers and then landing on the right buyer! During this time, Julie Drake was professionalism personified! She guided us with a firm hand when needed and with sympathy and understanding where required. At all times, Julie was calm and level-headed, never became flustered or frustrated, calmly reassuring us at all times. We felt totally at ease with Julie all the way through the process and her positive persona throughout gave us total peace of mind. The fact our buyers felt the same demonstrates that Julie was consistent over the course of the sale. We were very fortunate in our choice of buyer, but more fortunate to have had such a fantastic broker as Julie. We certainly could not have dealt with the sale on our own and could not recommend her any higher to any would-be agency seller.”
Hugh & Gloria White
Whites Independent Lettings
“Having decided to retire after 44 years in my current business, I chose Adam J Walker and Associates to advise me and to carry out marketing discretely. I have to say, I have been very happy with the service and assistance received from them in bringing the sale to a very satisfactory conclusion.”
SD Lambert in Upton
“Julie provided excellent service that I received before, during and after I put my business with Adam J Walker for sale. A number of potential buyers were quick to show interest and the asking price was achieved.
Even after the sale had gone through Adam J Walker remained "on hand" to help and advise me.
I can highly recommend them.”
Castle Estates Ltd
"Adam provided an excellent service from start to finish. During the initial stages he recommended a number of interested parties, all of which seemed very credible and after a series of meetings we were in a fortunate position of having several offers to consider. After we accepted an offer and began the legal work and due diligence, Adam provided invaluable advice and helped us overcome several obstacles in what can be a very stressful process. Throughout the sale I was continually impressed by Adam’s responsiveness and having now completed on the sale we are very grateful for the assistance that he provided. If you are looking to sell your letting/estate agency business, I would highly recommend speaking with Adam Walker."
"Adam was invaluable in working through the complexities of the sale, extremely professional and always available"
Aston Rowe Lettings
"Adam was brilliant. His detailed knowledge and experience was invaluable and his recommendation of a suitable solicitor was crucial. I’m not sure we would have got through the due diligence without the solicitor’s specialist knowledge."
"Adam has been providing invaluable services to my business for over five years. Adam not only ensured we got the right value for our business but also stayed with me step-by-step throughout the duration and his expertise and advice was pivotal in securing the sale."
"Adam’s depth of knowledge in the sale of estate and letting agencies is well known in the industry. We weren’t disappointed. He was informative and responsive from the outset. His negotiation skills secured an excellent deal and he was on hand to deal with challenges and issues as they arose during the process ensuring a positive result."
Orchards of London
“It was a very quick sale. The buyers are the perfect fit to take over our lettings business and we achieved our anticipated price. The communication between all parties was expertly handled as was the sales progression and progress. Well done to all at Adam Walker.”
Peter Large and Co