Beware False Prophets When Selling Your Business

Beware False Prophets when selling your business

Back in the 1980s, I used to write a regular property column for The Sunday Times. The article that attracted the most attention by far was entitled, “Beware False Prophets.” It was a warning to the public about how to avoid being caught out by estate agents who overvalue their property in order to gain…

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The Alternatives to Selling Your Business

The consolidation of the letting industry continues at a frenetic pace and hardly a week goes by now without a story of yet another independent agent being snapped up by a larger competitor. However, we are approached on a regular basis by people who want to retire but do not want to sell their business…

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How Clear Leadership Brings Results In Business

How Clear Leadership Brings Results In Business

The recent results achieved by Connells/Countrywide are nothing short of astonishing. They were of course helped by the impact of Covid and the stamp duty holiday but even after allowing for this, the improvement in the underlying results of the Countrywide business are way beyond anyone’s expectations. So, how did they achieve this? Let me…

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Is Your Letting Business More Compliant Than Purplebricks?

Is Your Letting Business More Compliant Than Purplebricks?

The recent problems at Purplebricks are a sharp reminder of how easy it is for letting agents to incur enormous fines for technical breaches of compliance rules. According to The Telegraph, Purplebricks could be facing costs of up to £30 million for mistakes made by their Letting Divisions which contributes less than 10% of their…

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Protecting Your Business from COVID

The property market as a whole has survived Covid very well so far. However, that is not to say that some individuals have not been hit very hard by it. We dealt with a tragic case where a business had to be sold due to the death of the proprietor and I have other clients…

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How to sell your business

How to sell your business

Agents spend their whole careers telling vendors and landlords why they will be able to achieve a better sale price or a higher rent than they could achieve themselves. Then, at the end of their career, they try to sell their own business. I am constantly amazed by this and during the twenty-five years that…

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Recognising when a business hits the point of no return

I was very sorry to hear that Andrew Grant in the Midlands had gone into administration. It seems a sad end for a business that has been trading for almost fifty years, but I fear that it will not be the last business casualty of Covid-19. Most letting businesses have performed well during the lockdown,…

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Businesses for Sale

BUSINESSES FOR SALE If you’re one of our register buyers, please see a list of our current businesses for sale. Reference Location T/o Description Guide Price Status REF A102 Midlands £395,000 pa Lettings only £650,000 Sale Agreed REF A109 South East England £434,000 pa Lettings only £675,000 Sale Agreed REF A107 London £436,000 pa Sales…

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Why You Will Need Two Business Plans

Despite 40 years in the property business, I never cease to be fascinated by what separates the most successful businesses from the rest. One of the key differentiators though is that successful businesses nearly always have a detailed written business plan. The crisis caused by coronavirus has demonstrated very clearly why business planning is so…

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Will you be able to get a Business Loan?

In Switzerland the process for applying for a Coronavirus business loan is as follows: 1. Fill out a one-page form online2. Qualify for interest free loan of 10% of your annual turnover repayable in 5 years’ time3. Receive money within a few days sometimes within hours This simple process has enabled the Swiss government to…

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