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Asking Price$316,734
RevenueUndisclosed EstablishedUndisclosed
Cash Flow$51,280 Employees1 full-time
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableYes
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Unsecured Loan Books
Location Operated from Essex
Asking Price £ 210,000
Asking price includes:

Two Loan books value circa £62,000+£47,000
Sold together or separately
Collection Rate 80%
Gross Annual Profits of £47,000+£34,000
250+Clients on the Books with c260 Loans Current
54.9% 9.9% 30.8% 2.2%
Prime Good Average Poor (£47,000 Loanbook)
45.2% 23.8% 19.0% 7.9% (£62,000 Loan Book)

Round operated by an employee
Ideal catchment area with excellent demographics
All of the necessary documentation and administration
Excellent opportunity to grow
Training and handover
Significant goodwill
This business provides home collected credit and unsecured personal cash loans made available over a selection of weekly terms. With over 250 clients the loan books value is £62,000and £47,000 respectivelyproducing profits of £47,000+£34,000.
As a member of the Consumer Credit Association the Business operates under the rules of the Consumer Credit Act 1974.

The business offers weekly loan terms available at varying rates of interest. The business in general offers interest rates of between 846.5% and 1276.1% APR for home collected credit and between 2-3.5% per month for the higher value loans.

The business operates in two Essex towns with the right kind of demographics and has a widespread, loyal customer base.

The collector calls on the customers on a weekly basis, to collect payments and to provide customers with on-going credit facilities as required. The vast majority of payments are collected face to face, on the door.

The business enjoys a 98% retention rate amongst its clients and a collection ratio of 80%.

Most loans are currently between £200 and £800.
Facilities:There is no property associated with this sale.
Competition:The business does not currently advertise
Growth Potential:The business has the ability to grow substantially. New customers at present are generated just through word of mouth referrals. Advertising via the local press, via the internet and via door to door leafleting campaigns would provide a substantial boost to the business.
Training/Support:All necessary training and a full handover are available to ensure continuity of trading.
Sale Reason:The owner is seeking to take retirement
Ad #48650
Seller Reference #CG066
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Contact This Seller
Turner Butler
0044 1895256000
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