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Thu, Jun 20 2024 01:40:35 AM  |  /

Commercial Finance Broker

Commercial Id:000843     |    Reference: CG081
Price:
£1,000,000.00
Commercial Description

Ref No: CG081

Location: London/South East

Asking price: £1,000,000

Turnover c£820,000

Adjusted Net Profit after management costs £252,000

Introduction:

Turner Butler has been appointed to invite offers for the purchase of a leading independent Commercial Finance broker.

Key strengths:

The business has the following key attributes:

  • FCA Registered
  • Year on year increase in fee income
  • Strong management and deal writing team
  • Consistent level of WIP of c£300,000
  • Strong niche sector presence and reputation
  • Excellent customer retention rates.
  • Strong relationships with Lenders.
  • Excellent reputation for high levels of customer service.
  • Very effective sales operation.
  • Substantial potential for range and market expansion.

The business provides an acquirer with an ideal bolt-on for a company already operating in the financial brokerage sector or alternatively an excellent starting opportunity for an individual or organisation looking to establish themselves in the financial services sector

Financial performance:

For the financial year ending December 2022, turnover of the Business was circa £820k with adjusted net profits of £252k.

The asking price is for 100% of the issued share capital of the Business on a ‘cash free, debt free’ basis. Any surplus cash in the company at completion will be added to the final sale price on a £ for £ basis.

Next steps: 

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.

All enquiries or requests for additional information should be submitted or directed to Turner Butler Head Office: 01895 256000.

 

 

 
Commercial Information
Is this commercial relocatable: No
Commercial Sector: Office
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Business Profile
Equipment: na
Key strengths: na
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Financial performance: na
Asking Price: na
Rent Frequency: Weekly
Advertising and Marketing: na
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Premises: na
Business Hours: na
Employees: na
Support and Training: na

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