| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 168,129 TIME(S)
BUSINESS REFERENCE : CG026 / RightBiz ESTABLISHED MORTGAGE BROKERAGE | | | | | | Established Mortgage Brokerage Confidentially offered for sale Ref No: CG026 Location:Relocatable Asking Price £99,000 | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Estate Agents | | SALE: | Agent Sale | LEASEHOLD: | £99000 | | | | | | | | | | | BUSINESS DETAILS: | This owner operated mortgage company was established by its principal in 2005 who came to the market place with a wealth of commercial experience gained in the banking and financial services sector. The business quickly established itself and has shown consistant and profitable growth.
It specializes in the residential markets with sixty percent of its fee income being generated from self-certification mortgages, buy to let funding and some general secured loans. Only twenty percent of its turnover is provided by mainstream mortgage applications.
It generates its business by buying leads from three main introducers. These are high quality referrals that result in an eighty per cent conversion rate.
Due to the nature of this business it is registered with a large network group who handle all the compliance issues connected with this industry. This relationship allows the business to be registered with the FSA.
Equipment:
The business uses Tri Gold software to manage its client bank.
Key Strengths:
Client bank of circa two hundred and seventy five.
Excellent and ongoing referrals
Easily re locatable
Quotation is automatically generated by Tri-Gold Specialist Software and sent out for the prospective client for consideration. A follow up phone call is all that is normally required to confirm acceptance.
The operation has no borrowings
Growth and Expansion:
Many of these clients will actively look to re structure their mortgage on a frequent basis in order to maintain the best facility available in the market place.
There is a significant opportunity to grow this business in a very short space of time. The database is not actively re marketed at present
The business does not presently offer any additional products such as Life policies, Health insurance, Building insurance or Contents cover.
Employees:
The business is totally controlled and managed by the owner
Advertising and Marketing:
The business does not advertise at all at present
Financial Information:
All financial information will be made available under the auspices of Turner Butler and subject to letters of confidentiality being signed. This is an asset sale. The owner of the business will be pleased to discuss the financial performance of the business in depth as part of the overall negotiation process. Fee income is circa £ £100,000. Net profits are in the region of £40,000.
Reason for Sale:
Additional commercial projects are taking priority over the mortgage business and as such the owner has decided to sell this company | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | CG026 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
