North West Regional Mortgage & General Insurance Brokerage | | Undisclosed Relocatable | | This directly authorised, 80% prime, whole of market brokerage with 7 Consultants enjoys consistent profits. A centrally located office with 2 staff, comprehensive website, and extensive client base make this company capable of substantial growth. Lease to let or rent North West Regional Mortgage & General Insurance Brokerage is located in Relocatable. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 5918
ADVERT IMPRESSIONS : 266,590 TIME(S) | | | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Mortgage Brokers | | SALE: | Private Sale | LEASEHOLD: | £275,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Established in 1999 this Limited Company brokerage offers the following features.
Firmly established relationships with a wide range of lenders & insurers.
Customer base = 1200
Total client database = 7500
Whole of market for mortgages accessed via "Trigold" software
Life, critical illness, MPPI, Landlords & Buildings & Contents insurances sold across a range of providers, all with quotation & quotation comparison software.
80% Prime
20% BTL, sub-prime, & secured loans
Comprehensive web site
Lead generation via 3 commercial lead providers, our own customer data base & regular referrals
Main road 450 sq ft Office with ample free parking rent £4242 pa includes heating & lighting + £617 Council Tax. A toilet & kitchen are available on the same level.
All furniture & 3 wifi networked computers
Offsite storage archive
“Mortgage Keeper” back office software + accounts software
Panel of 2 referral fee paying solicitors
Consistently profitable, no borrowings & cash positive
Average last 3 years Income £307758, Average last 3 years adjusted pre-tax profit £53613, (17.4%)
Year ended 31/10/07 Income £293426, pre-tax adjusted profit £54458, (18.6%)
Compliance Director (compliance, continuous professional development, treating customers fairly, case tracking & expediting), & part-time (4 days per week) admin. assistant.
Sales Director + 5 Consultants, all self-employed and located in Lancashire, Cheshire, West Yorkshire & Greater Manchester. All attend monthly 1 full day training & briefing.
All staff hold the required formal qualifications for their roles
Pipeline Sales are included in the sale price.
The present owner would be prepared, if required, to continue to sell as a Consultant for up to 2 years, (to age 60), on a standard Consultant contract, & to provide a hand-over to the new owner. The desire to expand an already well established property portfolio in both the UK & abroad are the reason for sale.
This Company offers excellent growth & development areas for the new owner as these are not presently actively pursued.
Commercial lending & bridging
Website optimisation
Present infrastructure could absorb a further 6-7 Consultants with only minimal additional cost, (The part-time admin assistant is enthusiastic to move to 5 days per week in 2008).
Debt Management
Private Medical Insurance
Equity Release
Expansion of general insurance products range to PII & liability
Protective Property Wills
Offshore Mortgages
Prospective purchasers must be aware of FSA requirements, and prior to completion must register with and satisfy FSA requirements for registration and transfer of control of the business. | | | | | | EXPIRED - AWAITING DELETION | | | | | REFERENCE: | 5918 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
