Web Based Mortgage Brokers Business For Sale

Price:

Other - £59,950

Turnover:

Seller Ref:

MS323

Location:

Wales, Wales

Business Type:

Corporate Businesses, Internet based Businesses, Service Businesses

See Other:

Other service businesses for sale in Wales
Finance / professional businesses for sale in Wales
Ecommerce/website based retail for sale in Wales
Websites and ezines for sale in Wales
Service businesses for sale in Wales
Corporate businesses for sale in Wales
Internet based businesses for sale in Wales

Description:

THE BUSINESS:

Greatly reduced for a quick sale

We are pleased to offer for sale this very successful independent mortgage brokers operating entirely on the internet, drawing clients from all over the world but mostly from the UK. The sale price includes the web site. The business yields a very high profit margin.
The business has grown (and continues to grow) at a rate of approx 20% per year and now has a client base of around 1,000 customers that have taken out mortgages. The business is geared to offer these customers a re-mortgage package every two years, thus providing a rolling commission generation for the business. Due to the number of enquires from potential new clients; the business has not been able to take advantage of an add on benefits that are available (insurance, financial services etc). These additional financial services are brokered out thus losing the business the opportunity for increased income.
Our Opinion

The vendor has built up a very profitable business that has now grown beyond the vendors resources.

The business would be an ideal acquisition for a business with similar activities but with the added resources to continue to build the client base and take advantage of the financial services not presently offered by the vendor.

New clients are added at a rate of 10% per year. This figure has the potential to increase dramatically with dedicated resources.

A large proportion of business is presently being brokered out (estimated at around 50%) to third parties. This business would be available to anyone with greater resources.

Location Details:

The business is relocateable