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Business for sale in United Kingdom - Cg022-highly profitable mortgage brokerage
| Asking Price: | 70,000 £ |  |
Real Estate: | Lease |
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| Sales Revenue: | 1 £ | ||||||||||
| Net Profit: | 1 £ | ||||||||||
| Year Established: | 1999 | ||||||||||
| Employees: | Not Disclosed | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business types:
Finance & Insurance
Business categories:
Mortgage Brokers ; Other Finance & Insurance Businesses
Business description
This web based mortgage company is not to be confused with the run of the mill brokerage. It was established seven years ago by the present owners and was specifically designed to capture a blue chip customer bank with a requirement for significant mortgage borrowings. The net result is a company that generates ten to twelve top quality leads a day via a fully optimised web site. Because of the nature of the site the level of pre qualification is high and conversion rates from enquiry to contract is around twenty percent. An average lend is 200,000 with many being significantly higher. Because every type of mortgage has its individual characteristics the company has nineteen individual sites all of which have links back to the core business. Equipment: The business uses Tri-Gold software Key Strengths: The company has a very high profile web presence. One of the real strengths of this operation is the method of gathering information. The prospective client completes a full FSA compliant fact-find on line and fills in a comments box describing the nature and size of the mortgage they require. They also confirm that they would like to be contacted. The enquiry is downloaded and a quotation is automatically generated by Tri-Gold Specialist Software and sent out for the prospective client for consideration. A follow up phone call is all that is normally required to confirm acceptance. The business has an active database of over two and a half thousand regular clients across the UK. These are people who will actively look to re structure their mortgage on a frequent basis in order to maintain the best facility for their requirements. The company has a total database of over eight and a half thousand customer details. The operation has no borrowings and could easily be relocated to a location anywhere to suit the purchaser.
Additional information
| Additional information: | Not Disclosed |
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| Support & training: | Not Disclosed |
| Reasons for selling: | Additional commercial projects are taking priority over the mortgage business and as such the owner has decided to sell this company |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate
| Ownership: | no |
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| Lease: | yes |
| Lease terms: | Not Disclosed |
| Location: | Not Disclosed |
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