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Independent Mortgage Brokers For Sale

Manchester, Greater Manchester
Asking Price:
£110,000
Turnover:
£75,321
Net Profit:
£57,350

Description:
We are pleased to bring to market this independent mortgage brokers business directly authorised with the FCA, and which is backed by a reputable, national compliance firm.

There are no restrictions on the geographical location of their customers, but the majority do fall in and around the Greater Manchester area.Established over 20 years, the brokerage has a good reputation and levels of repeat business.

Mortgages offered broadly fall into 3 categories; - new home purchase or remortgaging for house moves - those remortgaging due to credit issues - buy to let mortgages - product transfers for existing clientsOther income comes from the sale of life and other insurance products.

The business would be an ideal buy for:- A larger firm intersted in geographic expansion- A local firm looking to grow market share- A qualified advisor looking to strike out on their own

With a strong local presence, excellent levels of repeat business and an opportunity to improve cross sales of insurance products this business provides a solid base for any buyer.

PLEASE NOTE - FCA not transferrableThis business is run as a sole trader. As such, the FCA authorisation cannot be transferred to new owners.

Anyone considering purchasing this business will need to be independently authorised with the FCA or already have an application well under way.

The Vendors will not support a new business owner by remaining as the controlling party after sale.

Premises Details:
The business leases office space, but it is not expected that this will be required by a new owner, making the business fully relocatable. It can be run from a home office.

Property information

Property:

Leasehold

Location:

The business is situated in Greater Manchester serving local clients, but also further afield.

Business Operation

Reasons for selling:

This is a retirement sale.

Opportunity:
The sale of this business makes it an ideal target for another brokerage to acquire a steady and loyal client base.

For a larger firm, it may bring them into prominence in a new geographical location.

Lastly a qualified advisor could buy this and strike out on their own with all systems and an existing client book making an ideal start.

Next:
To further your interest, you will be expected to complete a confidentiality NDA, if you have not already done so. Use the enquiry button below and follow the online instructions or call our office

Years established:
20 years

Other Information

Relocatable:
This business can be relocated.

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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