Listings } Tabak

280317 - Financial Services - Platform for Growth - $675,000 + Loan Ledger (circa $630,000)

Location: Auckland Based. Ref #: 280317. If you are looking for a lifestyle business or business with real growth potential - then I recommend you look at this!

Our client has a well established business that specialises in providing short and medium term consumer loans.  Nearly 90% of the business in online.

Business Highlights:

  • Easily managed
  • Perfect add-on to existing operations
  • Fully integrated software and web
  • Complaint and registered financial services provider
  • An established and credible profile
  • Vast majority of sales are from previous customers or referrals (circa 85%)
  • Cash flow positive; and
  • Real opportunities for growth

Our client is a registered financial service provider and is compliant with all current regulations in New Zealand including Anti-Money Laundering / Financing of Terrorism Act (AML/CFT) and the Credit Contracts and Consumer Finance Act.

 

Similarly it is registered with Financial Services Complaints Limited who are a legally appointed, non-profit organisation for dealing with customer complaints.

 

The business has good cash flow - receiving on average $220,000 inbound money per month. Over the last 4 years – the average profit for the business was $292,148. 

 

 The owners currently only work part-time.

 

Vendor Finance may be offered to approved parties – subject to meeting the Vendor’s lending criteria.  The Vendor Finance will be limited to the total value of the loan ledger and it is anticipated that the security of the finance would be the loan ledger – in addition to other agreed securities and/or guarantees.

Net Surplus:  $292,148 (4 year average)

EBPITD: Earnings before paying one Proprietor, Interest, Tax and Depreciation

ContactAlex Smith

Office: Auckland

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