CG038-£225,000-Secured Loan and Mortgage Broker for Sale
Asking Price: GBP
225000
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| Description: |
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Secured Loan and Mortgage Broker for Sale
Confidentially offered for sale
Ref No: CG038
Location:Relocatable
Currently based in East Anglia, but with relocation possibility to a location of your choice
Asking Price: £225,000
This business has been established for 5 years enjoying increased turnover and profit year on year. £90,053 net profit achieved in the last tax year (August 2006 – Aug 2007) with huge scope to expand and increase profits further.
Currently run from a home office and fully managed by the owner, this business is well respected within it's sector and currently generates all leads from Introducers. At the moment 80% of the turnover is generated through Secured Loans and 20% through Mortgages (and associated insurances) - mainly in the sub prime sector.
Commercial Finance and IFA services have been added to the companys product portfolio, but these have yet to be marketed, and hold an opportunity to increase fee income further.
All of the Introducer's are paid on a commission split basis (on completion), helping to minimise costs to the business. Running costs are simply a phone line, website hosting and broadband. It’s success has been built upon providing a first class service to Introducers in terms of reporting, paying promptly and completing deals they may have otherwise lost. Introducers vary from Financial websites, IFA’s, data providers and General Finance Brokers. |
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| Financial Information: |
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| Annual gross sales: (GBP) |
N/A |
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Yearly Revenue: (GBP)
Total yearly sales revenue |
N/A |
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Net Profit: (GBP)
Total profit before taxes |
N/A |
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| General Information: |
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| Business Area: |
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| Year Established: |
1993 |
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Is Relocatable?:
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Yes |
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| Business closed or an asset sale : |
No |
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| Is Home based business?: |
No |
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| Real estate status: |
Yes |
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