Business for Sale Overview:
This company was established in 2001 and since inception it has become one of the
leading Mortgage and Insurance brokerages in the South West, catering for a large and
diverse database of customers located in Somerset, Devon and Dorset. Eighty five per cent of its revenue comes from the sale of mortgage and life assurance products with a further fifteen percent being generated by investment advice.
In spite of recent trading conditions the company has continued to perform well, generating an annual fee income of circa £600,000 with the associated profits being in the region of £350,000 and with Directors drawing salaries from that figure in excess of £130,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The business occupies premises in a rural location. The single storey building covers circa 2000 sq ft at a monthly rent of £1500. The lease is for a four year period with annual break clauses if required.
Market Competition and Expansion:
The company has a web site, with the remaining business coming by way of referral.
Reason for Selling:
director has decided to take early retirement
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
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