Linley & Simpson acquires competitors in double swoop

Mon, 03 Oct 2016 | BUSINESS SALE

Yorkshire based letting agency Linley & Simpson has acquired two of its competitors, York-based Minster Property and East Leeds agency, Heritage.

The agencies, which were purchased for an undisclosed sum, take the number of acquisitions made by Linley & Simpson to six.

In 2015, Linley & Simpson secured £1.8 million through Santander’s Breakthrough Programme. Using these funds, the agency has since completed four acquisitions as part of its strategy to double its size over the next three years. In January 2016, it acquired the rental portfolio of independent estate agency, HERE. In April, it bought the York Property Company for an undisclosed sum, before the latest double acquisition.

The latest deal will see all of Minster’s managed properties taken over by Linley & Simpson’s flagship Micklegate branch. Will Linley, Linley & Simpson director, said of the acquisition: “Minster Property is a well-known name and respected brand in the thriving York lettings market and we are delighted to acquire their portfolio of properties.

“This acquisition is a natural progression for us and is a fitting way of marking our very own 10th anniversary of helping people move here in York and its surrounding villages."

The portfolio of Heritage properties will be split among Linley & Simpson’s four offices in Leeds in addition to its branch in Wakefield. “These extra homes we inherit will help us keep pace with an ever-increasing demand for properties to both rent and buy and inject more choice into the marketplace for tenants and buyers alike,” Linley stated.

Since setting up in 1997, Linley & Simpson has helped over 100,000 people move into approximately 40,000 homes.

For the latest estate agents for sale please see here


Share this article



Latest Businesses for Sale

Wood Burning Stoves Retailer
North Yorkshire, Yorkshire and the Humber, UK

Lifestyle wood burning stoves retailer, iInstaller and wholesaler: Includes stones and reclaim / salvage business. This is a well established family business within the fashionable and lifestyle choice sector of wood-burning stoves. These stoves are...

Asking Price: £165,000
Turnover: £746,000

LEASEHOLD


Fireplace Surround Business
West Midlands, UK

Renowned and respected business, favoured by customers for its unique product offering and its excellent service. Established in 1990, the business has overcome several recessions, continually growing its reputation, workload and customer base. The c...

Asking Price: £750,000
Turnover: £750,000

LEASEHOLD


Garden Machinery Lawnmowers Tool Hire Business
North Wales, Wales, UK

Garden machinery, tool hire, lawnmower sales and repair business, ideally situated within a popular residential area in North Wales. The business is split over two sites, one is a retail unit with workshop, close to the town centre, whilst the larger...

Asking Price: £225,000
Turnover: £310,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
17
 
Nov
 

Warm Zones enters administration | ADMINISTRATION

A North Shields-based non-profit business dedicated to helpi...

 
15
 
Nov
 

Berketex Bride enters administration | ADMINISTRATION

With over 50 years in selling wedding dresses, Berketex Brid...

 
13
 
Nov
 

Intermet Refractories completes MBO deal | MBO/MBI

Intermet Refractories, a metal casting component manufacture...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
06
 
Jul
 

Scottish Highlands leisure business for sale | BUSINESS SALE

A leisure business in the Scottish Highlands is for sale as ...

 
15
 
Oct
 

Yorkshire residential agency's expansion programme continues | MERGER

Linley & Simpson has purchased rival residential agency Move...

 
19
 
Jun
 

Müller buys Minsterley creamery | BUSINESS SALE

Dairy giant Müller has purchased Shropshire creamery Mi...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources