A payday loan brokerage business is for sale on an auction platform. The company has generated an additional £930 since the auction began, up until June 23rd. The business provides a streamlined application process for borrowers seeking payday loans, allowing access to multiple lenders without requiring credit checks or document faxing. The company earns a commission of £15 per lead, soon to increase to £20, and enjoys consistent traffic and conversions, boasting around 3500 visitors and over 1000 completed applications. Established with significant investment in design and marketing, the business operates with minimal overhead and offers substantial income potential.
The sellers emphasize that payment should be completed within two days post-auction, as they require funds for a new project. They offer insights into the business's marketing strategies, which have achieved competitive conversion rates at low advertising costs. The website is user-friendly, optimized for SEO, and expected to rank highly in search results with additional SEO work. While not regulated, buyers have the option to expand services and obtain a license in the future.
The business operates out of a central London office and includes features like live chat and telephone support, though these have not yet been fully utilized. The operation promises significant scalability with potential expansion into various loan types and improved customer service initiatives. The sellers invite potential buyers to visit their office for a comprehensive review of the business and its earnings. They assure ongoing support and guidance to help the new owner maximize the business’s profitability.
Flippa’s platform is free for buyers. Here are our tips for first-time buyers:
Before making an offer
1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:
2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction report.
3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.
4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.
5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.
1. Agreements & Contracts.
Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.
2. Conduct Due Diligence.
You can conduct this yourself or use our trusted network of industry-leading due diligence partners. They can provide in-depth analysis, identify hidden risks, and independently assess the value of the business. Learn More