Business description

An opportunity to acquire a property listing website (www.bath-properties.com) covering the City of Bath and surrounding area - one of the most sought after locations in the UK.

The site offers property buyers and sellers the vehicle to buy or sell their home privately without the need to pay Estate Agency fees.This concept has worked well for a number of years on a national level pioneered by companies such as Houseladder.co.uk but the unique selling point of this business is that the model has been refined and adapted to suit a localised area. In essence the site should become a one stop click for anyone wanting to buy sell or rent a property in Bath and the surrounding area which includes several affluent market towns & villages.

There are several income streams to be received apart from fees charged for listings and customised For Sale boards supplied by the business. They range from Google Ads on the Home Page to online advertsing from HIP & EPC providers conveyancing solicitors surveyors & relocation/removal firms. Other local businesses may wish to buy boxed display ads with click-throughs to their sites once Bath- Properties becomes fully established.

The business can be operated from any location with an internet connection. Detailed technical knowledge is not required as there is an efficient Administration Control Panel in place as the site has been developed on a bespoke basis for ease of operation. However a reasonable level of IT literacy would be helpful.

Having been established in late 2008 some preliminary marketing & advertising has taken place including leaflet drops but a full launch of the business has yet to be actioned. Included in the sale is an additional domain name www.bathpropertysales.co.uk which is linked directly to the site.

Competition/market - There are no other localised property listing websites operating in Bath. There are approximately 26 tradtional Estate Agents in the City. Currently over 80% of property seekers search & source Property via the Internet.

Support/Training - Full handover documentation will be provided and there will be 30 days of reasonable technical support from the Company's web designer and also property support & advice from the Company's Director with 20 years experience in the property business.

Other information

Reasons for selling:

The Vendor Company wishes to divert resources both in terms of time & funding to its portfolio of other e commerce websites.

Website:

www.bath-properties.com