Total of 18659 firms and businesses for sale today Saturday 4th May 2024
Sold. Provider Of Short Term Unsecured Loans
LISTING DETAILS
Firms For Sale ID:
29208
Vendor reference:
CG073
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£225,000
Turnover / revenue:
£155,000
Net profit / cashflow:
Undisclosed
Years established:
20
OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Provider of short term unsecured loans.
Ref.CG073
Location East Sussex
Asking price: £ 225,000 including debtor book of £170,000
Turner Butler has been appointed to invite offers of purchase for 100% of the Issued Share capital of a provider of short term unsecured loans.
Key strengths:
The business has the following key attributes:
• Over twenty years of successful trading.
• Excellent trading area – localized area of three nearby towns encompassing exactly the right demographics.
• Four regular collection rounds – over 160 calls and over 420 Accounts.
• Loyal and regular customer base – good, reliable customers.
• All loan agreements and Consumer Credit licences in place.
• Excellent and efficient systems and processes.
• Low overheads
The business provides an acquirer with:
• An excellent entry point into the unsecured loans market.
• A significant bolt-on for an operator already established within the unsecured loans market.