Sales for the last financial year were £961k with Gross Profit at £901k and an impressive net profit figure of £440k, projected figures for this financial year are £1,100M with a Gross Profit at £998k and net profit figure of £501K.
The business is located in an affluent town based in the East Midlands. The business is extremely well known in the area and many clients recommend others to use their services.The business currently leases a large detached building in the town centre close to a number of different Estate Agents. The building has a large car park facility to the rear of the building and has been renovated to a high standard throughout.
The business has been established since 2003 and has experienced financial growth every year since then, even during recession.
The business has access to the whole of the market for mortgages and insurance.
Despite the impressive financial figures of the business a potential buyer would have several ways in which they could improve these. One way in which this could be done would be to approach other Estate Agents for their mortgage referrals to increase their sales revenue. A potential buyer may also choose to offer an online service which has proved extremely lucrative for other businesses in their industry. There is also an opportunity to develop an IFA arm to the business to offer full financial planning (pensions and investments) to the client base.
The potential suitors for this acquisition would be companies either in direct competition (i.e. other brokers) or for those with synergies across the financial services sector. The current vendor is selling the business due to retirement. This business would suit a group of investors or a corporate client looking for a business with impressive financial figures and huge potential. Offers are being sought for the entire share capital.
Is this business relocatable: Yes
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