Just a few months later, he had taken over an established lettings business operating across two branches, complete with a team, recurring income and more than 200 managed properties from day one.
Through Sourced Living's Assisted Acquisitions Programme, Dan was able to step into a real trading business with proven systems, existing clients and the foundations already in place.
The result
Dan's acquisition included:
• £350,000 business value
• £425,000 annual turnover
• 200+ managed rental properties
• Two established branches
• An experienced team, systems and recurring income from day one
Rather than spending years building a lettings business from scratch, Dan became the owner of an established agency with everything needed to continue growing.
A faster route into business ownership
Growing a lettings business organically can take years.
You need to attract landlords, build a managed portfolio, put systems in place and create a reliable recurring income before the business reaches real scale.
Through the Assisted Acquisitions Programme, Sourced Living Partners have the opportunity to skip many of those early stages by acquiring an established business instead.
Rather than starting with an empty client list, they can step into an agency that already has experienced staff, existing landlords and proven systems in place, allowing them to focus on growing the business from day one.
How Sourced makes it happen
Acquiring a business is a major decision, which is why Partners aren't left to navigate the process alone.
From sourcing suitable acquisition opportunities to supporting due diligence, funding and completion, Sourced works alongside Partners throughout the journey.
Our support includes:
• Vetted acquisition opportunities
• Up to 100% funding through Sourced
• Guidance through every stage of the acquisition
• Ongoing support to help Partners grow the business after completion
The result is a process that gives aspiring business owners the confidence to take on an established agency, backed by a team that's invested in their long-term success.
Watch Dan's story
In the latest Sourced in the Spotlight, Dan shares what happened behind the scenes, from joining Sourced Living to becoming the owner of a two-branch lettings business.
Watch the full interview here: YouTube
If you're exploring business ownership and wondering what your own journey could look like, Dan's story shows what's possible with the right opportunity and the right support behind you.
Author
Chris Kirkwood
