Nicholas Humphreys

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Sector

Property

Type of Franchise

Management

Marketing Fee

£100

Franchise Fee

£18,500

Length of Franchise Agreement

5 years

Reason For Sale

The current owner is selling due to family commitments.

Turnover:

£57,243

Offers in the region of:

£21,500

Business Overview

We are pleased to be able to present for sale this established Nicholas Humphreys business in the East Midlands.

This established lettings specialist manages a portfolio, including student lets and professional properties within its territory. This business has seen consistent growth since its inception and boasts an excellent reputation within the area.

This franchise is an excellent opportunity for a motivated individual who has a passion for the property industry and possesses the drive and enthusiasm to build on an already successful business.

Perfectly situated within the territory this business is in an excellent position to grow, expanding further into professional lettings and estate agency.

If you are looking for an opportunity to buy an already established business with scope to grow this is the business for you.

Franchise Information

Nicholas Humphreys is a national independent Estate and Letting Agents. They specialise in student lettings in the university towns where they operate. White Kite Ltd T/A Nicholas Humphreys Estate Agents are members of the NAEA, ARLA and the Property Ombudsman. The Directors of Nicholas Humphreys are all actively involved in the daily running of the company.

They take pride in being a people business, and as such recruit motivated and enthusiastic people with a passion for working in the property industry.

In all property transactions, they place a particular emphasis on high ethical standards and the importance of listening to clients requirements. This helps

Business Information

Established in 2016, Nicholas Humphrey's Lincoln is an estate and letting agents specialising in student lets. With 2 major universities in the Lincoln area, there is a large pool of potential customers.

The portfolio currently consists of 24 managed houses in multiple occupation - bringing in just over £30k PA as well as an additional 40 introduction only properties attracting an income of £27k PA.

This successful business has seen consistent growth and has adapted well during lockdown by ensuring that the business is contactless - utilising technology such as Docusign, Video viewings, 360 Virtual tours etc.

There is huge scope for growth in both professional lettings and estate agency. With an increase in marketing efforts and a new dedicated franchisee, the business has the potential to increase the portfolio and ultimately profits.

The new owner will acquire all marketing leaflets held, databases of landlords and with the purchase of the franchise from Nicholas Humphreys, a laptop and other materials needed will also be supplied. Essentially, the new franchisee will have everything that the business requires to operate.

This business is an excellent opportunity for a motivated individual who has a passion for the property industry and possesses the drive and enthusiasm to build on an already successful business.

Training Information

Full training for 4 weeks at Head Office to include pre-launch work. Onsite support 3 days a weeks for 4 weeks and remote support 2 days a weeks for another 4 weeks.

Interested? Contact us for further information

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