Lettings Agency for Student Accommodation in Exeter -

Guide Price : £200,000

Business Reference No. 12735

  • Specialist agency with considerable expertise in student lettings and managing student accommodation (houses and flats)
  • Well established business in a city with a recognised and rapidly increasing demand for student accommodation
  • Providing services for private landlords with properties within easy reach of the city’s university campus (which, of course, makes for a very efficient business from the agency’s perspective)
  • Property portfolio currently consisting of 87 letting units (mainly houses but including 19 flats) owned by mainly longstanding landlord clients
  • Competitive (but very profitable) fees structure
  • Turnover £135,000 (adjusted Net Profit £106,000) y/e February 2019 – similar figures are expected for the financial year to 29th February 2020

THE BUSINESS : Established in February 2007, the company is wholly owned by its Managing Director and its business is that of a provider of student accommodation. Over the years the agency has gone from being simply one of several players in its market sector to what we understand to be one of the leading providers in Exeter today. The agency has concentrated solely on acting for private landlords who are in the market to offer their property for student accommodation, almost entirely within easy reach of the university campus, i.e. located up to about ‘half an hour’s walking distance.

Currently (early March 2020), the ...

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