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CG030 -Mortgage Brokers

Asking Price: GBP 49995
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Business Location: United Kingdom » Relocatable » South Humberside 
Category: Real Estate » For Lease
Description:
Mortgage Brokers
Confidentially offered for sale
Ref.CG030
Location:
South Humberside
Shop only open part time due to ill health
Leasehold
Asking Price: £49,995
This mortgage based company specialises in finding mortgages for people who have difficulties in acquiring a lender. It was established 20 years ago by the present owner and was developed to capture a sub prime- self certificated – prime – domestic and commercial customer market place.

Because of the nature of the pre-qualification, conversion rates are very high and all clients are seen on a face to face basis due to the complex history of the clients. These are generally medium risk clients, therefore paying attractive commission fees
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area: na
Year Established: 1988
Is Relocatable?:
Yes
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Reasons for selling:
Due to ill health, and after suffering a stroke, the owner reluctantly feels it is now time to sell the business
Market competition and expansion:
The business uses the following media to advertise its services, BT Phone book, Yellow pages and Kingston pages. The existing client bases attracts referral business by word of mouth recommendation, plus new business is also obtained through passing trade and the company website.
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