Sold! Finance And Small Loan Lending Business - Melbourne

Business ID: XB156194

Average Turnover in Excess of $800,000 p.a. Average Profit to Owner in Excess of $350,000 p.a

The business specialises in the supply of both secured and unsecured short-term loans over a period of 3-36 months from $500 up to $20,000 to individuals with stable employment across Australia.

The investment by the owner over the past 21 years has provided a platform for continued growth and the vendor is willing to pass on his years of knowledge to a successful purchaser.

The vendor is open to negotiating an extended handover period, dedicating as much time as needed for the purchaser to learn the business’s intricacies, including strategies for minimizing risk and maximizing profits.

Key Features include

- Database of 2500 current and past clients

- A book of 450 active loans

- Extremely low default rate

- Fantastic Reputation in the Marketplace

- Excellent Processes

- Dedicated Employees

- Ability to Process Loans in a Short Period

- Huge opportunity for Growth

The vendor runs the business from a small office in Melbourne and employs 4 staff to assist with the daily duties. All applications are made either online, by phone, or by email, and as such the business can operate from anywhere in Australia.

The business would best suit a working investor with access to working capital who is looking for an opportunity to enter this lucrative industry.

Asking Price: $1,200,000 plus a loan book of approximately $1,600,000

Property Code: 4012