Micro Lending & Financial Services
Pretoria - Centurion businesses for sale
Services businesses for sale
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About this business for saleMicro Lending & Financial Services
This business operates within a sector where demand outweighs supply by an estimated 80%. They offer an excellent investment opportunity in an ever growing micro finance sector.
The company is an authorized Credit Provider and its core business is the provisioning of “short-term credit transactions”, often not able to qualify in terms of commercial banks traditional lending criteria.
The business provides a service to the employer and employee in the community by lending to regular & loyal clients in need of cash or to supplement their income.
This well-established profitable micro lender cash loan business has been in existence for over 10 years. The business is operationally sound and financially healthy.
The owner and his wife operate the business from home but also have excess to an office free of charge at their major clients. The Customer base is predominantly in the government departments which have unique advantages in that it’s a captive market with steady repeat business.
The business arranges for deductions using the NAEDO platform through Intecon ALLPS. Marketing is through the SMSPortal online platform and the regular sessions with employers.
Monthly net profit (NPBIT = Net profit before interest and tax) is +- R35k per month net after rent ,electricity and rates have been paid to the owner of the house and business as the house is in a Closed Corporation. Signed financial statements are available.
Opportunities to grow the business would involve more direct marketing with a specific focus on the private sector. The business does not have a web site and this can also be used as a low cost marketing tool.
The reason for the owner wanting to sell the business is that after having had the business for 10 years, they now wish to pursue other opportunities in the Southern Cape.
The asking price includes debtors to the value of +/- R1.0m.
Keen seller !