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BUSINESS REFERENCE : CG036 / RightBiz CG036-WARWICKSHIRE-£110,000 -PERSONAL & BUSINESS FINANCIAL ADVISERS | | | | | | Personal & Business Financial Advisers Providing financial and mortgages services to business and private clients Ref no: CG036 Confidentially offered for sale Location: Warwickshire Relocatable Asking price £110,000 | | | BUSINESS LOCATION: | Undisclosed Warwickshire UNITED KINGDOM | | BUSINESS SECTOR: | Services | | TRADE TYPE: | Other | | SELLER: | Agent Sale | LEASEHOLD: | £110000 | | | | | | | | | | | BUSINESS DETAILS: | Business Profile
This popular and successful financial & mortgage services business was founded more than 8 years ago by the Vendor with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a significant enterprise with a strong regional reputation for the quality and variety of its financial & mortgage services and reliability of advice.
The business provides its services to a mix of clients, some of whom respond directly to the business’s website, advertising and others from individual client referrals and many referrals from corporate entities and other businesses in the region.
The business offers customers a full range of financial services and mortgages; advisers have a combined total of 50 years experience in financial services and mortgages and provide advice on a fee or commission basis, or a combination of both.
The business provides a whole of market offering for mortgage, life protection, investment and pensions advice. General Insurance is from a limited panel.
The business provides their services to both the business and general public sectors in the region and throughout the Midlands and provides a free, no obligation meeting at a client’s location at a time to suit.
The business has consolidated an enviable position in the region since it has established its business operations around the provision of its highly skilled, comprehensive portfolio of services and its trading location, which cannot be underestimated since its position guarantees ease of access to the whole of the Midlands and discretion.
The vendor has been involved in the business since its first days of trading and can offer considerable advice and information concerning all aspects trading in the region.
The business is further supported by exemplary relations with key organisations in and has ensured that client service and quality is never compromised and that clients receive the highest possible quality of service, leading to the existing high levels of return custom and referral. This commitment has underpinned this business’s abilities in service quality and sustained business success.
Customer Service
The Vendor considers simply that happy clients come back and on that simple basis has maintained levels of product and service quality intended to best guarantee that happiness including home or site visits. The results of this commitment are evident in the degree of return custom and the choice of this adviser by new customers over competitors.
Key strengths
A primary strength of this business is its broad portfolio of financial & mortgage services and skills on offer combined with the quality and efficiency of advisory excellence of high repute, gives this business its competitive advantage.
The business is an organisation where the vendor has, over time developed and nurtured a name and reputation that has resulted in customer relations founded on a history of trading satisfaction and not contingent upon particular relationships with the vendor.
The business is well established and profitable, with a strong and growing customer base, retaining a high level of return custom; a great many of whom having done so on a regular basis and for many years.
The business has earned an outstanding reputation for its honesty, service, reliability, relaxed and open client experience, excellent quality products and highly knowledgeable and experienced staff.
Growth and Expansion
The current market for this business’s service is stable and is forecast in the longer term for significant growth, as proved currently by levels of high demand. The business is well positioned to take maximum advantage of this growth as it occurs.
Key opportunities
This is an outstanding opportunity to build on the existing business levels, reputation and customer base of this business. With a strong demand for its blend of services and expertise, combined with a capacity to increase turnover, a new owner contributing fresh ideas will have every advantage of building on an excellent platform.
This business maintains an extensive base of satisfied customers, who appreciate its superior knowledge and services. There are many excellent avenues for growth, especially with investment in marketing including wider advertising and further exploitation of internet opportunities, where the business has proven effective in the past.
Technology
The business maintains expected technology for the successful management of a modern and rigorous financial services business.
Advertising and marketing
The business has used regular advertising in the past; there are excellent opportunities to widen this activity and to consolidate an already successful and attractive internet presence to market the business more aggressively and to significantly increase turnover.
A high proportion of revenue has been due to its excellent reputation for quality and service and strong word of mouth recommendation.
Employees
The business employs 2x advisors one of whom is the Vendor, who together are responsible for the day to day operations.
Reason for sale
The business is for sale as a result of the Vendor’s wish to follow other business interests, unrelated to financial services.
Premises
The business is managed from a home office and is therefore unavailable to a new owner.
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.
The business is financially stable with no borrowings, low overheads, positive cash flow, good gross and net profit and has shown consistent growth over 8 years of trading.
Sales revenue is circa £70,000 per annum with adjusted net profits of circa £40,000 per annum and annual renewals of circa £30,000; the vendor feels that with investment in marketing and with the ever present and increasing market demand the business could dramatically increase its revenues.
Support and training
The current owner will provide all necessary training and all relevant contacts to allow continuity of trading. | | | | | CONTACT: | TURNER BUTLER | | TELEPHONE: | 01895 25 6000 | | REFERENCE: | CG036 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
