Credit Provider

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An opportunity to purchase an established finance business has risen.
Operating for over 16 years this business requires an Australian Credit License to provide finance to consumers and meet compliance requirements. Current ACL policies and procedures are in place as per ASIC regulations and the ACL license.
There is long term staff at the Store who currently operate the business on a day to day basis for the current owner.
Other positive features to consider are:-
* Consistent cash flow
* Minimal default – less than half the industry standard
* Excellent repeat customer base with excellent repayment history
* Highly regulated industry with excellent internal lending criteria
* No direct competition in the Coffs Harbour region
* Long flexible and affordable lease
* Opportunity to extend product offering into other products including, Business loans, Mortgage finance and Broking, Car loans and meduim term contracts
* Current average loan term is 90 days – 32% interest
* One full time staff and 1 x casual who have been in the business for over 10yrs
* Internal software to support lending and approval process with the ability to “apply online”
This business is ideally suited for somebody who is familiar with the industry with the appropriate license or is in the process of obtaining the license who would like to go out on their own and not go through the painstaking task of establishing a client base.
Does this sound like you? Call us now for further information?


Property Details

State NSW
Region Mid North Coast
Postcode 2450
Property Type Professional
Price $350,000

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Agent Details

Lisa Wilson

Phone: (02) 6650 9006


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Coffs Harbour

5/9 GDT Seccombe Close,
Coffs Harbour NSW 2450

Phone: (02) 6650 9006
Fax: (02) 6651 5513

9am - 5pm Mon - Fri

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