CG038-Internet Based Company Supplying Loans and Mortgages
Business for sale
Asking Price:
£225,000
Turnover:
£142,000
Annual profit:
50k to 99k
Audited accounts:
Yes
Management accounts:
Yes
Years trading:
8
Employees:
No
Photos:
No
Ownership:
Other
Business description
Internet Based Company Supplying Loans and MortgagesRef.CG038
Location Relocatable
Asking Price £ 225,000
This business has been established for 5 years enjoying increased turnover and profit year on year. £90,053 net profit achieved in the last tax year (August 2006 – Aug 2007) with huge scope to expand and increase profits further.
Currently run from a home office and fully managed by the owner, this business is well respected within it's sector and currently generates all leads from Introducers. At the moment 80% of the turnover is generated through Secured Loans and 20% through Mortgages (and associated insurances) - mainly in the sub prime sector.
Commercial Finance and IFA services have been added to the companys product portfolio, but these have yet to be marketed, and hold an opportunity to increase fee income further.