Commercial Finance Broker Business for Sale - FCA Registered with Strong Team and Expansion Potential
Undisclosed
- Status
FOR SALE
- Date Submitted:
03/04/24
- Advert ID
609136
- Reference
CG081 / Rightbiz
- Call Agent:
- Leasehold: £1,000,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Accounts Available
- Attractive Business
- Company for Sale
- Established Business
- Small Business
Business Details
Commercial Finance Broker
Introduction:
Turner Butler has been appointed to invite offers for the purchase of a leading independent Commercial Finance broker.
Key strengths:
The business has the following key attributes:
· FCA Registered
· Year on year increase in fee income
· Strong management and deal writing team
· Consistent level of WIP of c£300,000
· Strong niche sector presence and reputation
· Excellent customer retention rates.
· Strong relationships with Lenders.
· Excellent reputation for high levels of customer service.
· Very effective sales operation.
· Substantial potential for range and market expansion.
The business provides an acquirer with an ideal bolt-on for a company already operating in the financial brokerage sector or alternatively an excellent starting opportunity for an individual or organisation looking to establish themselves in the financial services sector
Financial performance:
For the financial year ending December 2022, turnover of the Business was circa £820k with adjusted net profits of £252k.
The asking price is for 100% of the issued share capital of the Business on a ‘cash free, debt free’ basis. Any surplus cash in the company at completion will be added to the final sale price on a £ for £ basis.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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.
Be safe, use a Rightbiz Solicitor
Contact seller
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.
Be safe, use a Rightbiz Solicitor
Get Solicitor
