Sunday, September 7, 2008

Read the reason behind sale..lol pure spin and rubbish, why relocate if you are selling business???

Estate Agent in Shropshire For Sale

It is only now being placed onto the market due to their strong desire to relocate. The business, which is run and managed by our clients with the assistance of staff, achieves a very respectable annual turnover of £60,000, which is derived from offering first class property sales services to a growing customer base. The business has seen excellent growth levels in the first year of trading and is set to increase its turnover further, ====================================================== Ha ha ha ha ha ha ha

Posted by mark @ 01:27 PM (1068 views)
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13 thoughts on “Read the reason behind sale..lol pure spin and rubbish, why relocate if you are selling business???

  • What are they selling? what will you get for your 60+ k, good will – lol – you get nothing but the capital equipment. On day one, you will have to start from scratch and start building a brand new business, these guys are selling because they cant afford the rent/rates/staffing costs and telephone bills.
    Rental of premises 10k
    1 X receptionist 15k
    Telephone 1.5k
    Stationary 2k
    Cleaning 1k
    Own wages 20k
    Car expenses 4k
    Sundry expenses equipment leases 3k

    app cost to set up and go 56.5 k from day one

    average property sale price 225k at 1.5% commission = £3.4k therefore need 1.5 sales / month on average to break even
    ????????????????

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  • Whostolemyendowment says:

    Other recent cut backs/closures in Shrewsbury area by Barbers, a very long established business ( Founded in 1848, we have 160 years of reputable business experience in the Homes, Rural, Commercial and Auctions sectors)…..regardless of the VI spin, if firms like Barbers are suffering then the current downturn is biting deep.

    http://www.shropshirestar.com/2008/08/21/estate-agent-axes-60-jobs/

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  • 60K turnover – hmmm- I wouldn’t buy the business unless it paid me 100K net.

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  • ‘That’s not a viable business – I’m out!”

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  • I wish you all the luck but I have to declare my position. I’m out.

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  • I’ll give ’em £50 for the desks, chairs and coffee machine – the rest is worth zilch.

    “…strong desire to relocate” to the Caribbean?

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  • £60000 turnover for £75000 with £10000 per annum rent.

    I suggest that there is probably absolutely no profit .When they say staff they must mean at least 2 people (sorry estate agents – a sub species bit like neanderthal but without the emotional responces), so that’s say 2x £20000 = £40000 (conservatively), plus £10000 per annum rent = £50000, plus minimum outlay £5000 for running, printing, computer updating, tea, coffee, heating (very conservative), = £55000 at least £2500 commercial rates = £57500.

    Wow, in a good year, with a tail wind you might make £2500 profit, DOH! Full time member of staff needs at least 4 weeks holiday £2500 for temp to fill in. Bugger me that’s £60000 and no contingency/petty cash money.

    You may look good in your crimplene suite and shiny shoes, but you’re wasting my time, this isn’t a viable business, it’s a big hole in the pocket and as such I just want to say – I’m out too!

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  • “The business has seen excellent growth levels in the first year of trading” so why are you selling? Exactly! I’m out!

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  • Hahahaha love how they avoid saying that since the plummet in transactions last year the business is in the gutter…

    Founded in 2006…”The business has seen excellent growth levels in the first year of trading”

    The only value any business has is in it’s capital, premises, stock and goodwill – this business doen’t have any of those things so how can they think it’s worth 75k ??!!

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  • harold – desks? chairs? – they’re workstations!!

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  • £60,000 turnover. Hardly a business.

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  • it_is_going_with_a_bang says:

    60k lol. Hands up anyone who wants to take on the liabilities of losing around £2k a month?
    60k isn’t even close to being enough to break even. Sadly they are probably even exagerating 60k anyway – so what does that leave the real turnover to be?

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  • £60K is not a respectable turnover for any estate agent! average 1.5% for a fee and an avergae sale price of say even £200K thats 50 sales a year, pretty dismal. Most estate agents are not on more than £12K as a basic and the rest is all commission (no matter what they’ll try and tell you!). That’s why they work longer hours and more days than almost anyone else.

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