Well established Independent Mortgage Brokerage in Cornwall with steadily increasing sales and profitability.
Turnover for the year ending 31st March 2018 was £121,339 with an adjusted net profit of £78,969.
Since the retirement of one of the partners in 2015, the business has focused solely on mortgages, both for new clients and re-mortgage customers and it is therefore considered that there is significant scope to expand the business through associated life and general insurance sales, in addition to which there is the opportunity to revisit the client bank in respect of both missed opportunities and ongoing requirements.
New business is generated through the clients website and word of mouth, with a significant level of 'repeat trade' and client referrals.
Business sales and profitability have been steadily increasing over the past 3 years, (despite the decision to move away from life and general insurance), with turnover for the year ending 5th April 2018 of £121,339.
Whilst the business currently trades from central Cornwall, it is considered that the business could be easily operated from anywhere in the South West.
The business is operated by our client with the assistance of a full time administrator, (who carries out the majority of the Mortgage Sourcing and progression) and a part time secretary/book keeper.
The business is offered with the benefit of an established trading name and website, together with all other intellectual property. We understand the client bank includes in the region of 8,500 completed mortgage files.
This commercial property for sale is located in Truro
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