How to normalise EBITDA when selling a letting agency — what adjustments are legitimate, what cannot be adjusted, how to calculate manager replacement cost, and how to present normalisation in the information memorandum.
The information memorandum is the primary marketing document in a letting agency sale. It is prepared by the seller’s broker,
Your letting agency AMFI multiple can range from 1.0× to 2.0×+. This guide explains what drives the range — geographic concentration, gap rate, tenure, team relationships — and how different buyer types price the multiple.
When a buyer acquires an estate or letting agency, the purchase price is overwhelmingly driven by something that does not
When you sell an estate or letting agency, the buyer will require you to agree to restrictions on what you
When you sell an estate or letting agency, the legal documents that give effect to the transaction go well beyond
A data room is where a buyer verifies the claims made in the information memorandum — every revenue figure, every
Most estate and letting agency owners think of their accountant as the person who prepares annual accounts and files tax
Understand how buyers assess estate and letting agencies: lettings book quality, revenue mix, key person dependency, compliance record, staff depth, brand presence, premises, and sales income. A complete guide for sellers preparing for market.
A step-by-step guide to selling your lettings agency — valuation methods, buyer types, the sale process, and how to maximise your exit value. Free confidential valuation available.
