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Business for sale in United Kingdom - Cg019-licensed money transfer, money exchange and licensed money transfer, money exchange and wholesale currency services company-london

Asking Price: 1,200,000 £ Real Estate: Lease
Sales Revenue: 28,000,000 £
Net Profit: 1 £
Year Established: 2002
Employees: 3FT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/City of London/London
Relocatable

Business types:

Finance & Insurance

Business categories:

Other Finance & Insurance Businesses

Business description

this business was established in 2002 with the sole intention of creating long standing, mutually beneficial business relationships with their clients. The business specialises in giving the best exchange rates, market information and trading mechanisms to financial decision makers on a regular basis. Thousands of commercial business and private individuals make use of their range of trading mechanisms to effectively aviod market falls and to prosper whislt market movements are positive. By studying political releases, economic data and gauging sentiment and perception, this business can pass on current information regarding the purchase of foreign currency and in doing so, help its clients make more infomed decisions, thus enhancing their profit margins. The business holds three, foreign bank licences secured by bank deposits and has 30 contracted agents throughout the uk alone. Equipment: the business uses the latest in money transfer technology with a worldwide network of locations and dedicated professionals. It also offers a wide range of money exchange and wholesale business. Customer service: the business offers a personal and friendly relationship to clients while providing a high quality service, being available on demand and by looking after the clients' needs. The business sole intention of creating long-standing, mutually beneficial business relationships with their clients. Key strengths: the practice has a very well established loyal client base which is growing, there is more work out there than one can handle and the practice retains a wealth of repeat business and receives good quality referral work. Growth and expansion: the opportunity exists to re-locate the business, keeping existing clients while developing the practice elsewhere. This opportunity would probably suit someone already in a similar market segment or associated service that wants to diversify or expand. Alternatively this is an excellent opportunity and quick start for someone who is intending to start a similar business.

Additional information

Additional information: Not Disclosed
Support & training: The owner will provide full business familiarisation, training and handover for a period of time to be negotiated at the time of sale.
Reasons for selling: The current vendor wishes to continue with other businesses.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: Not Disclosed
Location: The business it completely re-locatable, however the business currently operates from leasehold premises. The circa a 825 square foot fully fitted retail premises .

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