Business For Sale BS147697, Varsity Lakes, Queensland 4227
Business Category Brokerage Finance Franchise Business Opportunities
Mortgage Broking Business With Two Shop Front – South East Queensland
1 or 2 Territories with shopfront, Consolidated Profit to owners $419k Projected turnover of $1M for FY 22 - Sale Price $1M or $1.2M (2 shops)
This mortgage broking business has two trail books, the first formed until April 2020, and the second one started since then. The business has two shopfront stores in two different territories which opened respectively in April 2020 & July-August 2021. While the latter has no trading history yet, this territory has a very bright future since it is located in a 10,000-housing development and has built a strong relationship with the developers. While both territories are in a high growth area in SEQ, with a strong depth of trading history for many years.
-Less than 8-9 months average Trail book worth $8,800 a month
-Older Trail book accumulated over 10 years until April 2020 worth $12,800 a month and a book loan value of $133M
-Territory 1 with over $100M worth of loan book in less than 18 months
-Territory 2 - brand new territory and front shop with over 10,000 housing development about to be completed
-Both territories have fully paid franchising fees for the next 5 years, (transfer fee may be applicable)
-20- 30 leads a month for Each Shop coming from the Franchisor’s network
-Immaculate fit-out for both shops,
Shop and book trails benefiting from a great reputation for the services provided to clients
-Average property prices in the territories are around $750,000 for an average of 500 SQM and well above $1,000,000 for the properties on acreage
One month of training is part of the sale and two months at an agreed rate. Full Brokerage training provided by Franchisor.
This business is suitable for Experienced Brokers wishing to acquire an established business with two territories and for beginners wanting to become Mortgage Brokers as Franchisor provide full training and licencing. The Franchisor has a range of partnerships with first-tier, second-tier and third-tier banks allowing the franchise to cater for all mortgagee needs from standard to low doc loans, via refinancing. A great partner that supports his franchisees, offers a wide variety of options and provides the sales pipeline.
Asking Price is $1M for one territory and $1.2M for 2 territories
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This business is somewhat unique and has no similar competition in this region, category or price bracket.