WHY CHOOSE US TO SELL YOUR
LETTING AGENCY OR ESTATE AGENCY?

OUR PROCESS

Our 6-stage process has been carefully designed to ensure that we achieve the very best price for your business and a smooth and trouble-free sale. It works like this:

Step 1 - Laying the groundwork

We will compile a comprehensive and accurate information pack that showcases your business in the very best light. The way in which the numbers are presented will have a huge impact on the price that you achieve for your business and by ensuring the numbers are accurate we will avoid problems later in the sale.


Step 2 - An accurate valuation

Setting an accurate guide price is essential in order to achieve the best price for your business. Our unrivalled experience will enable us to give you an accurate and achievable valuation. Unlike some of our competitors we will not give you an inflated value to win your business then reduce it later. We sell over 90% of our business for within plus or minus 10% of the original guide price.


Step 3 - Buyer approval

Our database of over 12,000 qualified buyers built up over the last 30 years, means that we never need to advertise that your business is for sale. Many of these prospects will be buyers that you would not have found yourself. We will use our experience to grade these buyers in order to ensure that the best and most reliable buyers get the details first We will then send you a list for your approval.

You will retain the absolute right to veto who receives your business details and no-one will be sent details without your written consent in advance.


Step 4 - Powerful marketing

We will run a highly proactive marketing campaign over a six week period with a formal closing date for offers at the end of it. This ensures that all the potential buyers have a fair chance to make offers for your business. Bringing all the horses to the finishing line at the same time is essential in order to ensure that we achieve the very best price for your business and You will never be pressed to take an offer from the first buyer that comes along. At the end of the six week marketing campaign you will know that you achieved the best possible price for your business because of the transparency of the process that we used.


Step 5 - Negotiation of terms

The best buyer isn’t necessarily the one who offers the highest price. We will help to negotiate all the other terms of the offer such as the payment terms and how much of the purchase price will be deferred. We will also use our experience to advise on the experience and track record of each of the buyers in order to ensure that you do not accept an offer from a buyer with a reputation for trying to reduce the price that they have agreed later in the process.


Step 6 - The final stretch

For every hour that we spend agreeing a sale we will spend several more hours progressing the sale once it has been agreed. Hundreds of things can go wrong with a sale. The most common problem is that buyers will often try to reduce the price that they have agreed to pay by claiming that they have found problems with the business during the due diligence process or by using sophisticated accounting tricks to try to cheat you out of money that should have been yours. Our job is to use our experience and technical knowledge to prevent this and to ensure that your sale completes on time and most importantly on the terms that were originally agreed.

Plus, once your sale completes, we’ll still be there to ensure the acquisition smoothly integrates into the buyer’s business and that any deferred consideration is paid to you in full.

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Frequently Asked Questions

We have compiled some of the questions our sellers most often ask about selling their letting business to provide you with helpful information and guidance.