Profitable & Established Micro Finance Business for sale
This is a very rare opportunity that has been made available. The business has been trading for 6 years and is very profitable. All legislative compliance requirements are in place. The business is manager run with the Seller playing an oversight role. Services offered include Payday Loans, Emergency Loans, Short Term Loans, Bridging Finance and Consolidated loans. The business operations are computerized which makes the managing and control of the business far more efficient. The business has massive expansion / growth possibilities. With its lucrative profit margins, well established footprint and unlimited growth potential, this business opportunity is a must have for any entrepreneur or other business looking to enter this market.

Financial Information

Annual Turnover:

+-R 10 800 000

Annual Net Profit:

+-R 1 945 000

Annual Net Margin:

+-18%

Current asset value:

Included in the asking price

Current Debtors Book:

+-R 2 100 000 (Included in the asking price)

Rent per month:

+-R 8 500 per month

Vat registered:

Yes

MORE DETAILED FINANCIAL INFORMATION IS AVAILABLE BUT WILL ONLY BE PROVIDED TO SERIOUS QUALIFIED BUYERS AT A TABLE TOP MEETING AND ON COMPLETION OF A NON DISCLOSURE AGREEMENT

BuSiness Information

Business Type

Micro Finance Business

Asking Price

R6 325 000

PROVINCE

Eastern Cape

CITY

Port Elizabeth
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Premises & Premises Size

Leased (5 years with option to renew) with a premises size of 120m2.
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Trading Hours:

Monday – Friday: 08h30 to 16h30
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Buyer Profile:

This business is suitable for any business person who is looking to break into this market. Alternatively this business is suitable for a similar operation looking to expand its footprint or a business looking to diversify
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Reason for selling:

Other business interests

Disclaimer: All the information contained within this prospectus is supplied in good faith and is based on information supplied by the Seller; MN Business Brokers makes no representation as to its accuracy and in no way will be held liable for any eventualities arising from the use of the information provided.

Contact Us

call

Grant – 073 556 0065

email

grant@mnbrokers.co.za

visit

Office GF001 | Kings Market Office Suite | Cnr Buffelsfontein Road & Titian Road | Walmer Heights | Port Elizabeth | 6070