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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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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Selling your business in the next 5 years?

Some businesses sell for more than Ten times profit others sell for less than one. This course will show you how to increase the value of your business. Regardless of whether you are planning to sell in six months’ time or ten years’ time, the actions that you take between now and then will have…

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Are you thinking of selling your business?

LET US HELP TO ENSURE THAT YOU GET THE BEST PRICE We have sold over 200 estate agency and lettings businesses in the last 5 years and we have unrivalled experience in the sector. We can help you to achieve the best price by: Ensuring that your marketing pack and profit figures are properly prepared Using our…

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The ten worst mistakes to make when selling your business

“I have sold hundreds of lettings businesses over the last twenty-five years.” Based on this experience, these are the mistakes that you need to avoid at all costs… 1. Responding to a direct approach. What would you say to a homeowner who told you that they had agreed to sell their house to a member…

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Ten top tips for selling your business in 2018

What do you need to know if you are considering selling your sales or lettings business? Here’s ten top tips to think about… 1. Prepare in good time   The actions you take in the 12 to 18 months prior to your sale can have a huge impact on the price you eventually achieve. Improving the…

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What to do if your business wont sell

There have been a lot of stories in the trade press recently about the extraordinary prices that are being achieved for estate agency and letting businesses.  One letting business has just sold for twenty-six times its profit!  Another single office letting business sold for over £5 million!  These prices truly are extraordinary but unfortunately there is…

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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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