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For Sale - Online Agency claiming to be “the future of property”

An online agency which describes itself as being “the future of property” is up for sale.

Nu:move is a franchise operation, set up eight years ago by siblings Karen and Arun Batth. It was last year valued at £2m when it was listed on crowdfunding website Seedrs, on its way to securing some £750,000 to pay for the expansion of its franchise network. 

The agency has 20 regional representatives and claims to have marketed around 10,000 properties since launch.

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On its site it says: “Whether you choose our fixed low fee of £699 including VAT  or the traditional 0.5% fee (where a minimum completion fee of £1195.00 Incl VAT applies) you can save £3500 - £5500 on average."

The firm is being sold as “a ready-made business with all cloud-based systems in place” to allow its owners to concentrate on other ventures.

In its most recent available accounts at Companies House, for the year ending December 31 2020, nu:move had total net assets worth £2.23m. 

  • Algarve  Investor

    Hmm, that went well then.

  • Kit Johnson

    I’d rather invest in Friends reunited

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    The next online agency will be a descendant of PB, Boomin is gathering agents data in readiness.

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    Yes Booming will soon allow vendors to upload their own property and disperse with an agent

     
  • icon

    Yawn, yawn. Zzzzzzz

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