Asking Price: $249,000 Gross Revenue: $249,370Cash Flow: $128,099 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $5,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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.
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
Number of Employees:
Building Sq. Ft.:
Lease Rate/Sq. Ft./Mo.:
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.
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.
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 may consider seller financing a qualified buyer with a reasonable down payment
FSA Directly Authorized Mortgage Brokerage For Sale
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
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