| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 53,940 TIME(S)
BUSINESS REFERENCE : CG038 / RightBiz INTERNET BASED COMPANY SUPPLYING LOANS AND MORTGAGES | | | | | | Internet Based Company Supplying Loans and Mortgages 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 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Investment & Financial | | SALE: | Agent Sale | LEASEHOLD: | £225000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile
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.
The Business also has very strong and well-established links with it’s lending partners as well as excellent negotiated commission levels .
The business includes a fully functional professional website with online application forms, tools and information both for clients and introducers. The company’s database contains completed deals, refusals and active clients, as well as it’s‘lead bank’. There is also a database of active and dormant Introducers.
With investment from a purchaser, either through time devoted to the business or through further marketing, this business is set to expand. As the business purely introduces business/leads to appropriate partners this may also be attractive to a company who package ‘in-house’.
Key Strengths
This business offers a turnkey opportunity for a wide variety of purchasers. From an individual to a family, and from larger similar sector companies looking to expand their horizon capabilities.
This is a small company with the benefit of operating with low overheads. It has built a good relationship with suppliers during the 5 years that it has been trading, and it is highly profitable yet never compromises on quality and service.
Growth and Expansion
The current owners wish to diversify provides an excellent opportunity for the fresh energy of a new owner to exploit the natural, yet low cost, opportunities that exist for even greater success and profitability.
The enterprise is part of a dynamic market sector that will change and develop over time and for which high demand is forecast in the future.
Key Opportunities
This business has proven itself to be nicely profitable whilst operating on minimal overheads. With dynamism and energy, the solid base of existing clients and Introducers could be consolidated and added to, thereby providing the platform for even greater profitability.
Employees
The business currently employs the owner, his wife and a self-employed Business Manager
Advertising and Marketing
The company advertises through Google search engine “adwords” section, and enjoys good visibility through the search engine facility.
Business Hours
Monday to Friday 9am – 5pm
Financial Information:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Reason for Sale
The business owner has recently diversified into a completely different sector and, being successful, wishes to now give his full attention to the new activity.
Support and Training
The owner is happy to provide full business familiarisation training and handover for a one month period included with the sale | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | CG038 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
