Residential Property & Estate Management - South - Business for sale

Provides the full range of property services on behalf of residents of blocks of flats and estate owners, with clients paying service charges in advance. Services include advice on insurance, obtaining ground rent, consultancy on property maintenance and repair, dispute resolution, arrears recovery, property inspections and assessments whilst providing a 24-hour emergency line for residents. The majority of the business? revenues are generated through recommendation and referral.  t is highly regarded by developers, architects and contacts in the legal and financial professions who regularly refer work. Retilrement sale of majority shareholders. They are willing to provide a handover to the purchasers. Year on year growth since 2003 at an average of 26% per annum. Cash generative: circa £900k of management fees paid in advance with linked insurance and maintenance payments in addition. 'Sticky' customer base with circa 95% repeat business and no one client accounting for greater than 5% of sales. Superb management who run the business day to day, vendors work part time in the business. Management are minority shareholders wishing to stay in the business.