Acquisition is one of the most frequently used words in the rental industry now that a large number of agencies are being taken over, usually by larger competitors.
Today, Atomic Consultancy, based in Nottingham and set up just eight months ago, has proven to be the driving force behind 28 acquisitions since its inception.
Atomic Consultancy describes its mission as providing “constructive, practical, honest and affordable support” to rental and real estate businesses looking to grow by acquisition, or those looking to sell. The strategy is designed to “eliminate risk, simplify the process, provide hands-on hands-on support, and provide peace of mind that an investment, or sale, is as lucrative as possible.”
The service’s founder, Lucy Noonan, says, “I’ve worked at several agencies, including large corporations, and I’ve seen all the pitfalls and challenges that come with buying and selling rental agencies. After 20 years in the industry, I know what it takes to make a successful acquisition. I’ve built a team solely focused on customer experience and delivering results, and a team that has the skills to add real value to the core of every business we work with.
“…The market is tough right now, the level of cost surrounding a business is experiencing unprecedented growth, which is affecting profit margins, especially when it comes to personnel costs.”
The 28 acquisitions completed to date include Zest Sales and Lettings which acquired Trustease Property Management in Bristol, Panorama Properties in Bournemouth which was bought by The Property Franchise Group and KIS Lettings in South Shields which was sold to local independent My PropertyBox.
Noonan adds, “Our model is to ensure that our clients get the best price for their business and that doesn’t just mean selling to agents of big companies. Our growing team of four has worked on over 130 acquisitions and with this experience we are the only broker who offers hands-on project management experience and can therefore assist our clients throughout the process, including support for the integration.
The service says its goal is to complete 70 acquisitions by 2022.