Independent Financial Advisory Business And Mortgage Brokers For Sale

Business description

This Independently owned and family run Financial Advisory Business was established by its principle over fifteen years ago, having entered the market place with a wealth of commercial expertise in the financial services sector. The business has expanded and has shown consistent and profitable growth offering clients independent advice on Mortgages, Investments, ISAS, Life Assurance, Income protection, Pensions, Buildings & Contents Insurance, Accident sickness and Un-Employment cover.

Leads have been obtained by word of mouth recommendation and more recently from their website, while the excellent high street location of the business has accounted for many direct enquiries at the office from passing customers asking for advice and help.

The business now has circa 400 mortgage clients and circa 160 Investment clients handling circa £6.0 Million managed funds with considerable re-occuring annual income.

The business uses Tri- Gold software to manage its client bank plus a Senro system which provides up to date knowledge and price comparisons.

This would make an ideal “bolt-on” business for an established Estate Agency or for a company with a financial services arm to expand their business.

Key Strengths

• Well established business – 1996
• Wealth of experience
• Circa 400 active mortgage clients
• Circa 160 Investment clients
• Re- occurring income stream
• Website
• Friendly local service – trusted reputation
• Low overheads
• Opportunity to sell other financial services to a huge database of clients

Opportunities

With a huge database of clients, there is a great opportunity to examine and sell other financial services. Up to now the principle has been working non stop to keep up with the demand for providing financial advice and not been able to maximise other revenue steams.

More and more leads are being generated nowadays on the web. The company has recently created their own website and there is a growing interest from clients to use this facility.

Financial Profile:

All financial information will be made available under the auspices of Turner Butler and subject to letters of confidentiality being signed. The owner will be pleased to discuss the financial performance of the business in depth as part of the overall negotiation process.

Fee income is circa £200,000 per annum.

Property information

Property:

Leasehold

Lease terms:

The premises are circa 300sq.ft with a rolling 12 month lease. Rental is circa £3,000 per annum with no rates.

Location:

The business runs from a small high street office location. The premises are circa 300sq.ft with a rolling 12 month lease. Rental is circa £3,000 per annum with no rates.

The owner says there is a possibility to gain extra space, if required, with shop space on the ground floor available to lease.

Business Operation

Reasons for selling:

The owner wishes to pursue other business opportunities although he would be happy to stay on for a period of time to help new owners run the business or to act in an advisory capacity.

Employees:

The business is managed by the owner supported by his two sons who look after the administration, research and planning.

Years established:

1996