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CG034-£125,000-Finance for Home Collected Credit
Asking Price:
GBP 125000
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Business Location:
United Kingdom » North Yorkshire » South Yorkshire
Category:
Services
»
Finance, Banking, Loans, etc.
Description:
Finance for Home Collected Credit
Confidentially offered for sale
Ref No: CG034
Location: South Yorkshire
Asking Price: £125,000
This is an excellent opportunity to aquire a company who provide small, short term, unsecured loans to their clients. The company lend from Fifty pounds to One thousand pounds with the majority of the loans short term and paid back within 29 weeks. The average loan is approximately Three hundred pounds, and is paid out in either cash or in high street vouchers. The loans are paid back weekly or monthy by either direct payment made into the office or by a simple, house collection call.
The company is owned and run by two equal partners,and was formed in 1989 with their own personal money used for the working capital. They now have over 260 regular active clients and use an overdraft borrowing facility and their own funds. They are a local and well trusted company who assess their customers credit worthiness by the filling out of an application form and by checking on Equifax.
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:
1989
Is Relocatable?:
Yes
Business closed or an asset sale
:
No
Is Home based business?:
No
Real estate status
:
Yes
Reasons for selling:
One of the partners is nearing retirement age and the other partner believes this would be a good time to sell the business and look at other business opportunities.
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