Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Consumer Hire Loan Book Discount In London For Sale

London
Asking Price:
£195,000 Inventory / Stock included
Turnover:
£157,000
Net Profit:
£55,700

Consumer hire FCA regulated franchise with existing customer base and forward loan book and stock.

Property Information

Premises Details:

This is a 4 year old financial loan franchise company specialising in consumer hire of household goods on a lease hire basis such as TVs , Sofas,Tables,Fridges, Beds, White Goods , Furniture, Electronics , mobile phones , iPads , Lap tops etc . These products are purchased from various suppliers at retail or wholesale . The business is a consumer hire FCA regulated franchise.
The customers are found by head office led generated leads through social media channels targeting specific demographics . There is an existing base of 260 customers for the loan book the data base is 1300 people . At peak there were 430 but as the owner has decided already to reduce his time in the business , At peak the book had a value of £500k . The current value is £150k which is being discounted to £135k to reflect a fair value of gross receivables . The franchise system has been operated for 13 years 6 years in the uk . There is a 10 year agreement in place , the majority of these franchises being sold have 8 years left . There are 50 franchisees in the uk . The cost of a franchise is £40k plus vat so £48k . This deal incorporates 5 territories so a total cost would be £248k. This together with the gross book value of £186k , a total of £434k is being discounted heavily to a total price of£195k less than half the true value .

Business Operation

Expansion Potential:

* potential for 5000 contracts
*existing operating customer base
*the book value is massive;y discounted
* proven demand so can grow substantially.
*low default rates

Competition / Market:

Retail lenders , in store finance and consumer leasing including credit cards .

Reasons for selling:

career change

Trading hours:

40

Employees:
1
Years established:
2016

Other Information

Support & training:

4 weeks

Inventory / Stock value:
£150,000 - included in the asking price

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will happen?

    When you tick this box we will pass a copy of your details (excluding your message) along with the name of the business you enquired on to finance specialists Rangewell. They will contact you about financing your business purchase.

  2. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to Transworld Business Brokers UK. For more information about how we use your data, read our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here