Acquisition is one of the most frequently used words in the lettings sector now as large numbers of agencies are snapped up, usually by larger rivals.
Now the Nottingham-based Atomic Consultancy, which was set up only eight months ago, has revealed itself as the driving force behind 28 acquisitions since its inception.
Atomic Consultancy describes its mission as providing “constructive, practical, honest and affordable support” to lettings and estate agency businesses looking to grow via acquisition, or those looking to sell. The strategy is designed to “eliminate risks, simplify the process, provide practical hands-on support, and ensure peace of mind that an investment, or sale, is as lucrative as possible.”
Service founder Lucy Noonan says: “I’ve worked in multiple agencies, including the big corporates, and I’ve seen all the pitfalls and challenges that come with buying and selling letting agency businesses. After 20 years in the industry, I know what it takes to deliver a successful acquisition. I have built a team solely focussed on customer experience and on delivering results, and a team that has the skills required to add real value at the heart of every business we work with.
“…The market is challenging right now, the level of cost surrounding a business is seeing unprecedented growth, which is affecting profit margins, particularly around staff costs.”
Included in the 28 acquisitions completed to date are Zest Sales and Lettings which acquired Trustease Property Management in Bristol, Panorama Properties in Bournemouth which was purchased by The Property Franchise Group and KIS Lettings in South Shields which was sold to local independent My Property Box.
Noonan adds: “Our model is to ensure our clients get the best price for their business and that means not solely selling to the big corporate agents. Our growing team of four has worked on over 130 acquisitions and due to this experience, we are the only broker that offers hands-on project management experience and can therefore help our clients through the whole process, including integration support.”
The service says its aim is to complete 70 acquisitions within 2022.