The Hills (NSW)

Asking Price: $69,362 excl. GST
Loan Book approx $27,000,000
Approx. Trail Income: $28,901 p.a.

About the business

This Mortgage Choice franchise business has been in operation since 2012. It is well established and highly regarded in the local community, representing an ideal opportunity for someone with enthusiasm and energy to leverage off the solid base and capitalise on the emerging upturn in the housing market.

The recent opening of the long-awaited North-West rail link to the Sydney CBD introduces this region to a new demographic of Sydney residents who demand accessibility to train lines.

With a sale price at a multiple of approximately 2.4 times the annualised trail income (approx. Trail Income: $28,901 p.a.), this is an ideal opportunity to take the business to the next level with your energy and dedication.

Potential to grow

The current owner has been running this Mortgage Choice franchise for two years. During that time business relationships with the existing customer base have been solidified and a solid base for continued business growth has been built. From December 2017 to August 2019 the loan size of this business grew from $24m to $27m. Further, the annual revenue grew from $12,448 to $28,901. The business is well set up for the next owner, to grow both the loan book and create a business that can provide both financial rewards by helping customers achieve their financial goals.

In its 7 years of operation, the business has assisted more than 75 clients from the local area with their home finance needs. The business has the maturity to be able to gain both repeat and referral business going forward. Both the current and previous business owner have built the business on providing an excellent level of customer service. Which has created happy and satisfied clients, as well as real estate agents, accountants and conveyancers / solicitors.

Postcodes

2118, 2125, 2151, 2152, 2153, 2154, 2155, 2769

Key suburbs

Castle Hill, Baulkham Hills, West Pennant Hills, Kellyville, Northmead, The Ponds, North Parramatta, Carlingford

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