Looking to buy a lettings agency or estate agency in London? As solicitors who specialise in buying and selling businesses, including lettings agents and estate agents, we’re guessing that you probably have a few questions:
- Is it a good time to buy an estate agent or lettings agent in London?
- How do you find a lettings business or estate agency for sale in London?
- Is it better to buy a limited company or just fees?
- What’s involved in buying a lettings agent or estate agent business in London?
- Which is the best solicitor to buy a lettings agency or estate agency in London? And (of course)…
- What are solicitors’ fees for buying a lettings business or estate agency in London?
How to find a lettings or estate agents business for sale in London
If you’ve not yet found a lettings or estate agency business to buy (and many are advertised online), try approaching a reputable business broker or business transfer agent who can match your requirements more specifically and may well know of suitable opportunities that have yet to be advertised. We work alongside a number of good transfer agents and are happy to give you a recommendation if you need one.
How much will it cost to buy a lettings agency or estate agency in London
The price you can expect to pay for your lettings agency or estate agency will, of course, depend on a number of factors, including the number of properties on the books, the amount of fees involved, the desirability of the agency in terms of its location and reputation, and whether the price includes any assets such as premises and IT systems.
The price will also be affected by the type of deal structure you agree with the seller. For example, if you’re buying an estate agency as a limited company and want to agree a deferred payment plan, with or without claw back, you can expect to pay more for the business than if you just buy the fees and are happy to pay 100% cash up front.
Get the best deal: use specialist lettings/estate agency purchase solicitors
Once you’ve found a business you want to buy, you’ll need help with the legal process of buying your lettings agency or estate agency. The best advice is to find a solicitor who has experience of small business sales or, best of all, a firm like ours with specific selling experience in the industry – your local high street solicitor won’t have the necessary knowledge or know-how for this type of work.
We act for sellers and buyers of small and medium sized businesses across England and Wales, including London, and are familiar with the challenges within your industry. From asking the right questions of the seller during due diligence to helping you negotiate the best deal structure for your specific circumstances, we will make sure you begin your new venture confident that your investment is sound.
Solicitors’ fees for buying a lettings business or estate agency business in London
Truelegal solicitors is based in Topsham, Devon, but around 69% of our clients are based in London, the South East and the North of England. Most of our work is done remotely via telephone and email and our lower overheads mean we can offer our clients a London service at a regional price. What’s more, we always offer our clients a fixed price fee, which means you have certainty about your budget from the outset.
Make a free enquiry
The sooner we become involved in the process of helping you to buy your lettings agency or estate agency the more likely it is that your purchase will be successful, so please contact us today.
Our full contact details can be found on our Contact Us page.
We look forward to hearing from you.