.
Business Details
Code:
SD560
Business Type:
Money Lending
Area:
Outer West Subs
Established:
Started in 1996
Trading Hours:
Monday – Friday 9am – 4pm
Vendor Hours:
4 per week approx
Reason for Sale: other interests
      General Information

Brief History
Australia’s number one small money lenders. First office established in March 1994.

Total franchises throughout Australia, exceed 100

Core Product
Secured Loans / cash advances $300 - $5000, for 12 – 52 weeks - funded by the owner of the
franchise.
 
Typical Reasons for lending
Need less than a $5,000 loan
Registrations & Insurances
Household appliances
Moving expenses such as bond, before existing bond is refunded
Short term business expenses
To re-establish a sound credit rating

Non Core Brokerage Products (not self funded)
Personal Loans from $5,000 to $50,000
Commercial & Personal leasing
Home & Investment loans to 2 million dollars.

History of this Franchise for Sale
Started in 1996
Present owners since 2002
Total loans 700 approx. and steadily growing
Significant repeat business
Includes three franchise territories, all serviced from the one office

Office Hours
Monday – Friday 9am– 4pm

Bad Debts:
Minimal - actual loss of capital due to bad debts is nil

General Information
Purchasers require no prior finance experience
Low overheads
Easy to operate
Excellent growth and profit being generated
At present is virtually run by the staff.
Owner works approximately 4 hours per week, only to 'keep an eye' on the business
Huge potential and can be operated part-time, or full-time


Asking Price:
$1.25 million + loan book (loan book $600,000 approx)
 
For more information, please contact:
David Ferguson on 0412 488 295


Back Home

 
 
 

  Administration                           Site Map                             Privacy