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Lettings Agency With A Freehold City-Centre Office In Cardiff
Cardiff, Cardiff, WalesIdentity protected
Available
About this business
A lettings and property management agency in Cardiff city centre, looking after flats and shared houses for private landlords, many of them let to students and young professionals. Three staff work from the freehold office, which is included in the sale. The agency opened in 2023 and could move premises.
Turnover has fallen from £229k to £210k and margins are thin, with adjusted EBITDA of £11k and net profit of £9k. The asking price is £50k, well below net assets, which suits a buyer who could merge the management work into an existing agency.
Key investment highlights
- Freehold city-centre office included
- Asking price below net assets
- Team of three
- Flats and shared houses under management
Reason for sale
The owner is selling to concentrate on her own property portfolio.
One thing worth reading before you enquire
Worth a lookRevenue going backwards and one client being too much of it are the two things that end most deals in due diligence. Both are shown here up front, from the figures the seller supplied.
- Revenue directionWorth a look
Turnover is flat year on year but sits -8.3% below its 2023 peak.
- 2023: baseline
- 2024 (-2.2%)
- 2025 (-4.5%)
- 2026 (-1.9%)
- Peak 2023 to latest 2026: -8.3%
4 years of turnover, 2023 to 2026, as supplied by the seller.
- Client concentrationNot stated
The seller has not declared what share of revenue the largest clients represent.
No declaration supplied. Client concentration cannot be derived from accounts.
These are observations from the supplied figures, not a view on whether this business is worth buying. Nothing here predicts an outcome.
Computing valuation...
What happens next
Submit an enquiry to the seller. Once they approve it, you sign a non-disclosure agreement and gain access to the information memorandum, the financials and a secure deal room with the seller.