FSA Directly Authorized Mortgage Brokerage For Sale

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Seller will remain for up to two years if desired!
Asking Price:
$249,000

Gross Revenue:
$249,370
Cash Flow:
$128,099
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$5,000
included in asking price

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Business Description

Family owned business specialising in providing independent financial loans to high net worth professionals. The company which is located in the South East of England, offers clients clear, direct and sophisticated advice with an emphasis on tax efficiency. The business accesses the whole of the market to find suitable mortgages for the purchase or refinancing of main residences, commercial, holiday and investment properties. With an ever increasingly complex market our client has become a name clients can trust, outshining the competition and especially popular with chartered accountancy firms. An outstanding feature since its inception is the promotion of the highly sophisticated offset mortgage product. Through such application, clients, especially sole traders have saved thousands of pounds. Using specially designed software to introduce, apply and monitor financial products, clients can see whether they are on course to achieve their goals; reducing term or monthly costs. There is currently approx. £70k in the pipeline and the business has a database approaching 3000 clients of which approx. 600 are core, current customers.

BUSINESS HIGHLIGHTS:
FCA Directly Authorized - not tied to any insurance companies.
Large, live professional client bank of professionals.
Specialist Software (Offset Current Account Mortgage Software).
Stable history of profitability.
Trained staff are willing to stay.
Several different sources of introducers.
Not reliant on Estate Agents.
Great all-season business.

*Please note that asking price and financial info is in GBP sterling not US dollars*

About the Business

Year Established:
1999
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
800
Lease Rate/Sq. Ft./Mo.:
$1.38
Lease Expiration:
9/1/2019
Facilities:
The business is located in a high street location close to major estate agents and letting agents, restaurants, and retail outlets as well as major banks. The property provides good visibility and is easily accessible. The lease can be assigned to a qualified and approved buyer. There are two allocated parking spaces included in the lease as well as public parking. A copy of the lease is available upon request.
Market Outlook/
Competition:
Large niche client bank of professionals untapped for other products. Periodical product transfers – averaging approx. £5,000 per month. Insurance renewals – averaging upwards of £1,000 per month. Outstanding customer service. Excellent retail location in high footfall area. Strong marketing with an excellent website. Turnover per advisor out performs the national average.
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About the Sale

Reason For Selling:
Retirement
Training/Support:
All of the staff are trained in management and regulatory skills however the Seller will provide an agreed period of training and transition to the new owner. Additional training/consulting may be available from the Seller (up to two years), if required and to be agreed upon by all parties.
Seller Financing:
Seller may consider seller financing a qualified buyer with a reasonable down payment

Listing Info

ID:
1571124
Ad Detail Views:
5

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$
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Business Listed by

Rebecca Walker-Jones

OLD Inc Business Brokers
License# 977717

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