Internet Based Company Supplying Loans and Mortgages For Sale

Business description

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.

All of the Introducer's are paid on a commission split basis (on completion), helping to minimise costs to the business. Running costs are simply a phone line, website hosting and broadband. It’s success has been built upon providing a first class service to Introducers in terms of reporting, paying promptly and completing deals they may have otherwise lost. Introducers vary from Financial websites, IFA’s, data providers and General Finance Brokers.

Other information

Expansion potential:

The current owners wish to diversify provides an excellent opportunity for the fresh energy of a new owner to exploit the natural, yet low cost, opportunities that exist for even greater success and profitability.

The enterprise is part of a dynamic market sector that will change and develop over time and for which high demand is forecast in the future.

Competition / Market:

The company advertises through Google search engine “adwords” section, and enjoys good visibility through the search engine facility.

Support & training:

The owner is happy to provide full business familiarisation training and handover for a one month period included with the sale.

Reasons for selling:

The business owner has recently diversified into a completely different sector and, being successful, wishes to now give his full attention to the new activity.

Trading hours:

Monday to Friday 9am – 5pm

Contact the seller