HOME BASED COMMERCIAL MORTGAGE BROKERS, LONDON - PRICE REDUCED
Price:
Freehold - £24,995
Business Type:
Service Businesses
The particular highlights of the business are:
- A lifestyle business which can be run from home.
- Re locatable to anywhere in the country.
- High quality levels of service offered to client.
- Would suit any previous background.
- Low overheads.
- Large supply of good quality clientele.
- In total a panel of 43 lenders including all the major High Street banks.
- Sub prime lenders and private investors also.
- Only been operated 5 hours a week so there is potential to achieve £100,000 net profit on full time hours.
- A very established business within this specialized industry.
- A full idiot proof operations manual comes with the business lending itself to franchising.
- Good fee structure.
- A good filter system for time wasters.
History
Phoenix Business Transfer Agents are delighted to place onto the market this commercial mortgage brokers which has been established since January 2004 by the owner. He now has other business interests.
Services
This very good business opportunity provides a whole market package for commercial mortgages they have 43 lenders on there panel which include high street banks, private banks, international banks, business angels, private equity firms and bridging and property development lenders. They have some buy to let mortgages arranged although 80% of the revenue is commercial mortgages. The fee structure consists of payments upon preparing the case and obtaining an arrangement fee and upon completion commissions from in some cases both parties.
Staffing
The concern employs 0 staff.
Owners Role
The owner spends 5 hours a week running the business due to time constraints.
Marketing
The owner obtains clients through Google Marketing.
Competition
As far as competition is concerned there are not many specialist lenders with such a large panel of lenders.
Market
The client base consists of business men and property developers.
Opportunities
In order for the business to achieve its full potential the business needs to be operated full time. Activity can be generated from the client base and additional Google advertising. There is also the option of franchising the business as well as arranging seminars.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made.
Property Details
The business is relocatable and can be operated from home.
Equipment with sale
There is no equipment with the sale.
Financial Details
The present turnover is £17,000 per annum with a gross profit of £15,000 and a net profit of £15,000. The wages are £0. The present value of the stock is £0.
The potential turnover of the business within the next 2 years is forecast to reach £150,000 given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
The business is operated from the owner’s home in London but could easily be re located anywhere within the UK. All that is required is a computer and a phone.
North Yorkshire
£ 750,000
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