Mortgage broker business for sale in Southport, Gold Coast, Queensland, Australia
Mortgage broking business based on the Gold Coast Qld.
A mortgage broker negotiates with banks, credit unions and other credit providers on your behalf to arrange loans. A mortgage broker is someone who specialises in home loans as they can offer you a variety of loan options. Currently over 53% of home loan purchasers use a mortgage broker in lieu of a bank. The mortgage broker will help applicants choose the right home loan for their needs, guide them through the process and save client time and money.
The business is fully established in its current location in Southport Qld and enjoys its reputation as a brokerage firm that delivers great service and outcomes for its clients.
The business sale price is broken down as follows:-
Tangible Value - $150,000
- trail book $145k
- Furniture equip etc $5k
Intangible Value - $35,000
- Goodwill $10k
- Branding, systems, processes, mortgage incentives business name $25k
Owner financing is either not considered, or not available. Get in touch for more information.
Key financial facts and forecast
The business has been very profitable over the past years and there is still further scope to grow the business further.
Reason for selling
Seller is transitioning to retirement and is looking to sell his business and trail which he has built up over the past 15 years.
Required buyer qualifications
Buyers need to be licenced with ASIC under the NCCP Act and either hold a Australian Credit Licence or a Credit Representative licence. Buyer would need to be accredited with Loan Market if intending to continue under the Loan Market brand.
Category: Business > Mortgage broker
URL: https://exitadviser.com/business-for-sale/4474 | SKU: 4474
Located in Southport, Gold Coast, Queensland, AU