CASE STUDY

Leamans Lettings

A long-established Exeter lettings agency sold to Smart Estate Agents, with Atomic Consultancy managing the process from valuation to completion.

Business Name:
Leamans Lettings

Location:
Exeter, Devon

Years in Business:
Established 1997

Size of Business:
250+ managed properties

Services Offered:
Residential lettings and property management

Challenges & Goals of Selling the Estate Agency

Founded in 1997, Leamans Lettings built a strong reputation as a trusted, independent lettings specialist in Exeter. With a portfolio of over 250 managed properties and long-standing relationships with landlords, the business was known for its consistent service, compliance, and local expertise.

After many years in operation, the decision was made to sell the business. The priority was to ensure a smooth and professional transition, protecting both the portfolio and the relationships that had been built over time.

It was important to find a buyer who would continue delivering a high level of service to landlords and tenants, while maintaining the integrity and reputation of the Leamans brand.

Atomic Consultancy’s Approach

Atomic Consultancy worked closely with the seller to carry out a detailed valuation and position the business correctly in the market. With a strong, well-managed portfolio, Leamans attracted interest from multiple parties.

Atomic introduced the opportunity to a carefully selected group of buyers and identified Smart Estate Agents, a respected independent operator, as the ideal fit.

The team managed the process from start to finish, including negotiations, communication, and coordination with all parties, ensuring a clear, structured and efficient transaction.

Key Takeaways

Exeter-based lettings agency established in 1997
Portfolio of 250+ fully managed properties
Long-standing reputation built on service and compliance
Atomic Consultancy provided full valuation, buyer sourcing, and deal management
Business sold to independent agency Smart Estate Agents

Feedback

The sale was handled smoothly from start to finish, with all parties working together to ensure a well-managed and successful transition.

Final Thoughts From Atomic

Leamans is a great example of a well-run, long-standing lettings business with strong foundations. It was a pleasure to support the sale and ensure the portfolio transitioned to a buyer who shares similar values. We wish everyone involved continued success in the next chapter.

Jason Davy, Acquisitions Manager – Atomic Consultancy