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Established Mortgage & Insurance Brokerage in Stirling, Ready for Relocation

Undisclosed, Stirling

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    25/01/23

  • Advert ID

    507180

  • Reference

    B06701 / Rightbiz

  • Call Agent:

    Registered members »

  • Asking Price: £449,995
  • Turnover: £539,900 (£10,383 Per week)
  • Net Profit: £233,152 (44% Profit margin)

Business Details

Relocatable mortgage and insurance brokerage

Business
Please quote reference B06701

Incorporated in the early 2010s, the company is a mortgage and insurance brokerage, offering friendly advice and providing access to a wide panel of lenders. The company caters to those seeking mortgages, life cover and general insurance products, such as home insurance. Currently based in the Central Lowlands of Scotland, the company provides UK-wide coverage, and offers home visits across Glasgow, Edinburgh and throughout Central Scotland.

The FCA-authorised company has earned a well-respected standing within the mortgage brokerage market, and boasts a number of positive client testimonials that praise the company’s reactivity, thoroughness, and competitively-priced services. The business’ excellent financial profile also testifies to the quality of its service, with steady sales and profits over the past few years.

The company has a number of gains to offer the prospective purchaser, including:

  • 2000 active customers;
  • FCA-authorised;
  • A turnover of £173,683. and adjusted EBITDA of £73,735 in 2021.
  • A relocatable, work-from-home business opportunity, with low overheads;
  • A buoyant marketplace: the UK’s mortgage brokerage market has grown 4.3% per year on average between 2018 and 2023, and is set to be worth £2 billion by 2025;
  • A scalable business, with opportunity to recruit more brokers;
  • Scope for growth, e.g. by expanding the company’s digital presence (e.g. LinkedIn), creating advertising materials such as brochures, extending the opening hours, and developing reciprocal arrangements with complimentary businesses such as estate agents and new build developers.
The company may well constitute an ideal bolt-on acquisition to an existing financial services business. Any new purchaser would need to ensure that they, or a member of staff, were in possession of the relevant CeMap qualification.

Highlights -

  • A scalable, reputable and highly profitable mortgage and insurance brokerage;
  • FCA-authorised;
  • Excellent financial profile, with consistent sales and profits;
  • Relocatable, work-from-home business opportunity;
  • A buoyant marketplace, with the UK’s mortgage brokerage market growing at a significant rate;
  • Ample scope for growth.
Opportunities -

  • Opportunity to implement a more concerted marketing strategy;
  • Opportunity to extend opening hours and recruit more brokers;
  • Potential to expand the range of financial services on offer.
The shareholder wishes to focus on other business interests.



Location
N/A



Premises
N/A



Tenure
Relocatable business only basis. 



Hours
Due to the nature of the business, it operates all year round. 



Staff
Experienced team of staff in place



Financial Profile
Turnover IRO - £174k in 2021.

  • 100% share capital
  • Interested parties will be required to sign an NDA


Read more

Contact Agent

Contact the seller for more details, or book a viewing

Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Relocatable mortgage and insurance brokerage - B06701 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.