Exciting new concept for selling property
This internet-based concept will sell properties for owners and property developers through the large network of estate agents already existing. The website will supply and distribute properties for sale to all the estate agencies - over 5,000 in the UK alone.
Aim: to become the UK's first and biggest property supplier and distributor.
Total funding required: £250,000
Funding required for: marketing and to establish the business
Revenue targets:
Average property price is £250k - commission will be £5,000
Year 1: £3.2m
Year 2: £5.0m
Year 3: £7.5m
Unique aspects: This company will attract properties to sell direct from vendors, and will then use the current network of estate agents to market and sell each property.
A flat rate commission of 2% will be shared with the selling agent.
Also, estate agencies will be able to sell properties across the UK.
This concept will allow vendors to sell their property faster than ever before.
Gross profit margin: 30%
Full business plan? No
A very large advertising campaign is envisaged to launch this business. Hence, the founder is seeking an investor who also brings marketing skills and contacts.
Closest competitors: Rightmove, Prime Location, Find Property - but they do not source or sell property
This service is unique, lucrative and mutually beneficial for all parties involved.
Business Profile: P1010
To find out more about this business, please complete these brief details.
To find out more about this business, please complete these brief details
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