Featured Brokers
CONFIDENTIAL SALE
FOR SALE
16/01/24
605141
155349 / Rightbiz
Project Mesolite utilises its unlimited market access to offer expert advice for mortgages, protection and general insurance products, undertaking an assessment of each client to identify the most appropriate solution.
The business’s brokerage services encompass first-charge, second-charge and buy-to-let mortgages; protection insurance, such as life and critical illness cover, and income protection; and general insurance, including buildings and contents.
The company’s activities are free for clients, with lenders paying procuration fees for agreements secured. This has facilitated high levels of reliable repeat business when clients’ mortgages and insurance policies are due to renew.
Our clients are offering the business for sale to facilitate retirement plans. One shareholder is willing to remain operational post-sale, with the second open to working part-time within the company.
Offers invited.
Key Highlights
- Regulated by the FCA and covered by the FSCS.
- A contract with two local estate agency groups procures further clients, with vast potential to increase the referral network to include other estate agencies and professional entities.
- Retains a wealth of expertise with a team of qualified, experienced Advisers.
- Operates from leasehold office premises, which provide a strong high-street presence to facilitate brand visibility and passing trade.
- Advisers have options to be based in several of the estate agency branches.
- Could be relocated, with opportunity to open additional offices throughout the UK.
Financial Highlights
- Generated a YE23 turnover of £939k, with an adjusted EBITDA of £409k.
- Average gross profit margin of 63% between YE20 and YE23.
- From YE20 to YE23, the company generated an average adjusted EBITDA margin of 45%.
- Has approximately 4,000 existing clients with mortgages scheduled for review.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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