8-91361 - Long Let Rental Agency For Sale

Fantastic opportunity to acquire a very long established and reputable long let rental agency based in the south of Tenerife. With long-term rental market share substantially increasing in Tenerife this is a truly unique chance to enter a high demand business segment. Established since more than 20 years the company has earned a much respected name and has built fantastic long-term relationships with its clients and business counterparts. The company holds 3 business licenses, such as a real estate agency license, an official cleaning company license and a small repair works license. Historically the company’s main focus has been on the long let rental services and at present time this company has on its books 54 apartments with an impressive occupancy rate of 75% to 95%. Presently managed by just one person this line of business secures a good income and is operated on a part-time basis amounting to just 25 hours a week. The potential to develop and expand the business is however enormous, considering the availability of above licenses. This would allow the new owners to expand if wished in all directions, starting from increasing the property portfolio for the established long letting business line to providing professional cleaning and small repair services. Included in the price is a full training in the office management tasks as well as some training for the minor works and repairs at times required in the apartments. With its established market positions and fantastic expansion potential this company comes highly recommendable for someone looking to buy in Tenerife a profitable business with very reasonable working hours.