this highly successful finance organisation has been well established since 1996 and. The business provides agriculture finance, unsecured loans, secured loans, development finance, bridging finance, business finance and cheque cashing services. They run from two offices, located in poole and bournemouth, both in busy areas with easy access. The business offers a cheque cashing service and instant loans and they have a large portfolio of services providing help for everyone in the community. The business is very well known locally and has a loyal customer base; the customer database consists of over 28,000 customers’ details. Instant cheque cashing provides a valuable service for many people locally who find the convenience and friendly approach of this business second to none within the area. Third party cheques are cashed including, wages, insurance and revenue. Personal cheques are also cashed and are not presented for up to 28 days, giving the customer a short-term window of opportunity to help balance their finances. The company has an easily recognisable logo, which combined with its well earned reputation in the area of operation and accepted trading name provides the cornerstone of its achievement and is one of the principal reasons for its ongoing success. The business is linked to call credit and experian, making the service to the customers much more efficient. In addition the business has its own bespoke software including i.d. This established business offers a rare opportunity for the successful purchaser. Although not a bank the company is in a unique position of being able to offer sections of the community who are paid by cheque access to instant cash. This business has everything a customer could want: excellent profits, great location, secured facility, ample parking, well established and great reputation in the community combined with lots of potential for growth and expansion and a very capable staff that enables regular absentee ownership. Customer service: all staff is trained to ensure that customers experience a fast and confidential service. Handling transactions as professionally and courteously as would be expected, taking special care in communications with clients, being helpful and co-operative and avoiding upset. Key strengths: the business has numerous key strengths, long-standing and good relations with its customers while staff maintain a professional attitude using initiative and a common sense approach. This business has a recognised proven business system and fourteen years of profitable trading and can be independent or part of a large franchise group. Key opportunities: the company undoubtedly provides opportunity to achieve impressive profit margins with the business maintaining constant growth. With a strong demand for services and many new services being added there is capacity to increase turnover, a new owner would contribute fresh ideas and outside influence to build on an excellent base. This company has achieved an excellent reputation for quality and service with a recognised name and consistent growth will be achieved by building on this success. The steady increase in growth and continuous forward planning places this business ahead in a highly competitive marketplace, and create an energized environment of challenge. The owner believes that the business has significant growth potential; a new owner may choose to open more branches or go down the franchising route.
| Ownership: |
no |
| Lease: |
yes |
| Lease terms: |
The Bournemouth premises is freehold, the owners can either lease it or sell to the new owners, the rates for this premises are £10, 200 per annum. The Poole premises is leasehold with three years remaining on the lease, the rates are £10,000 per annum. |
| Location: |
The business runs from two locations as it has two branches. The premises are situated in a prime location in a high profile position in town, offering plenty of parking for the customers. They are fully equipped and provide well-suited space for this The Bournemouth premises is freehold, the owners can either lease it or sell to the new owners, the rates for this premises are £10, 200 per annum. The Poole premises is leasehold with three years remaining on the lease, the rates are £10,000 per annum. |
