Home » News » Agencies & People » WATERSHED DEAL WATERSHED DEAL7th July 20160458 Views A seven-figure deal to sell a lettings agency has been described as a major “success story” for a mother and daughter team and Swindon firm Watersheds.Ten years ago, Karen Southcott wanted to buy a residential letting agency. She approached Watersheds who found and negotiated the purchase of Underwoods in Northampton.Now Watersheds has completed a deal to sell Underwoods Town and County, which also has a branch in Wellingborough, to Countrywide.Karen said, “My daughter, Laura, joined the business and we have worked very hard to build it up.”Laura added, “When I had a baby nine months ago, my priorities changed. I wanted to be a mum, not a director and now Karen can retire and concentrate on being a granny.”David Fletcher, a partner in Watersheds, said, “Today is a big day. We have sold the business for a seven-figure sum to Countrywide plc. It is a personal success story for Karen and Laura, but also for Watersheds; it is incredibly satisfying to help a client buy a business, build it up and then sell it not just for much more, but also at twice the multiple.”Underwoods Town & County watersheds 2016-07-07The Negotiator Related articles Laptops donated by Hunters in memory of murdered York estate agent28th April 2021 Your Move parent group posts extraordinary profits surge28th April 2021 TPFG boss: Why we’ve joined rival LSL’s mortgage network27th April 2021What’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.