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CG030-£675,000-Mortgage Brokerage

Asking Price: GBP 675000

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Business Location:	United Kingdom » Others » South Humberside

Category:	Services » Agents & Brokers

Description:

Mortgage Brokerage

Confidentially offered for sale
Ref No:CG030
Location: South Humberside

Asking price: £675,000
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:

Year Established:	1987

Is Relocatable?:	Yes

Business closed or an asset sale :	No

Is Home based business?:	No

Real estate status:	Yes

Number of Employees:	8

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 following areas have been used. BT Phone book Yellow pages Kingston pages Lead generation Referral business Existing client database Passing trade Web Site

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