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 £750,000 with the associated profits being in the region of £200,000 and with Directors salaries in excess of £130,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The business occupies town center premises located in a secondary retail area. The offices are on two floors and cover approximately sixteen hundred square feet. Three years of a five year lease remain at an annual cost of £12,000. The lease is renewable.
Market Competition and Expansion:
The company has a web site, with the remaining business coming by way of referral.
Reason for Selling:
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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.