ARE YOU READY TO SELL YOUR LETTING AGENCY? GET THE VERY BEST PRICE AND A TROUBLE-FREE SALES PROCESS
- GET IN TOUCH -
Fill in your details below and we will either email you or arrange a time to speak on the phone.
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 -
“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