|Investment Level||$100,000 to $250,000|
Asking Price: $115,000
Loan Book Size: $24 Million
History and Growth Potential
This business is a suspended franchise. The current owner is looking to sell as they have three suspended businesses and one active franchise. They would like to focus on the active business. This is a well-established and is an ideal opportunity for someone with enthusiasm and energy to leverage off the solid foundation. As well as capitalise on the emerging upturn in the housing market.
Loanbook and Customer Data Base
The loan book, totals approximately $24 Million.
Mortgage Choice has developed specialised Customer Relationship Software that enables the franchisee to manage their clients and track the progress of Loan Applications. It is a powerful business tool that allows for market segmentation, mail merging and scheduling of tasks as well maintaining a detailed history of all phone calls and communication with prospects and clients.
This owner has invested substantial time in ensuring the database is populated accurately and comprehensively and maintained consistently. This database represents a significant asset to any prospective purchaser and presently contains:
109 settled clients
The Marketing Area is the geographic area with the following postcodes and key suburbs. The franchisee is required to advertise and promote the business in the marketing area but can do loans through established referral sources outside of their marketing area.
Postcodes: 2037, 2038, 2039, 2040, 2041, 2047, 2130
Key suburbs: Forest Lodge, Glebe, Annandale, Rozelle, Leichhardt, Lilyfield, Balmain, Balmain East, Birchgrove, Drummoyne, Summer Hill.
Why is the franchise owner selling?
The current owner is looking to sell as they have three suspended businesses and one active franchise. They would like to focus on the active business.
$20,000 to $50,000