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Why 2020 is the Best Time to Sell Your Letting Agency

What has the recent election result got to do with selling your letting agency? A lot, as it happens. It doesn’t matter what you think about the result, just that we have one. Why? Because with a definitive election result, the cloud of uncertainty that has hung over the country since the Brexit vote has…

Why scrapping entrepreneurs’ relief would be such a bad idea

Entrepreneurs’ relief, which allows founders and investors in small businesses to pay a reduced 10% rate of Capital Gains Tax when they sell up, could soon be restricted or scrapped altogether, with rumours that Chancellor Sajid Javid will make an announcement in the Budget this March. At the moment if you sell a business you…

Will the Value of a Letting Agency Rise Further?

The value of a residential sales business is currently about 25% of what it was before the Brexit vote.  The reason for this is economic uncertainty and a lack of confidence in the housing market.  The value of a let-only letting business is about 50% of what it was before the Brexit vote.  This is…

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…

How to value a letting agency

A lot of nonsense has been written about how to value a lettings business.  Some people say that they are valued on a multiple of profit.  They are not.  I sold a letting business recently for £3.65 million which was trading at a loss!  Some people say that they are valued on a multiple of…

Is now a good time to buy a letting agency?

I don’t think that there has ever been a better time to buy a letting agency than right now.  The income from a good quality letting agency is absolutely secure and so long as you don’t do anything stupid to upset the landlords such as forgetting to pay their rent, the vast majority of them…

Could the Government end the 10% tax rate that is payable under the entrepreneurs relief scheme?

At the moment, if you earn £1 million in income, then you will pay income tax at the rate of 45%.  If you sell your buy to let portfolio and make a profit of £1 million, then you will pay capital gains tax at 28%.  But if you sell your business for £1 million, then…

Separating my most successful clients from the rest

I was told off the other day. It was for something that I have done many times before. I really should know better by now, says Adam Walker, property business guru. What was my crime? I tried to give someone advice that they did not ask for. It was advice that they badly needed but…

Why now might be a good time to sell your lettings business

The Brexit vote and the tenant fee ban have both had a very negative impact on the business transfer market but we are beginning to see light at the end of the tunnel again. The tenant fee ban has not had nearly as much impact on the income of letting agents as was predicted and…

Brexit vote and the resulting downturn in the housing market

Since the Brexit vote and the resulting downturn in the housing market, much of my consultancy work has involved helping clients to reduce costs, says Adam Walker, but we have to avoid chopping the critical elements of the business! When things are going well, it is all too easy to let costs increase and a…