Specialized Finance Business with Excellent ProfitsListing: #AL00180
About this Business for sale inSpecialized Finance Business with Excellent Profits
Specialized Finance Business with Excellent Profits
Nearly 5 years in operations, this business handled P18,000,000 in loan payments last year (2020).
This is a highly scalable business, has multiple physical sites lending to hundreds of customers. Additional sites are planned in the near future and are relatively inexpensive to establish. A lending application and processing system has been built into website and is also used as a portal for loan customers who need access to their loan details, status, payments and remaining balance.
The business run under management with the current owners working 20-40 hours per month. Outside Head Office, Each site is run by a nominated “Authorised Credit Representative” with all lending staff having managed by Head Office internal and external audits..
Loan sizes range from P20T to P300T and are funded in house. High lending margins and low default rates are consistent and managed using comprehensive approval processes and systems.
With excellent processes in place, there is a great opportunity for a new owner to continue the strong growth in profitability. Fully managed business with loyal staff in place makes for an easy transition.
An exciting opportunity for a new owner to walk in and take over! Call now for an opportunity to discuss in detail!
***Strict confidentiality applies***. To this end, further details of this business will only be disclosed following a personal meeting with the broker and a completion of a Confidentiality Agreement. Purchasers must be able to demonstrate the financial capability and business experience to proceed before detailed information will be shared
Due to the confidentiality of this business a stock photo image may be used to represent the business and the actual location has been withheld. Please contact the broker for further details.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.