Total of 18659 firms and businesses for sale today Tuesday 30th April 2024
Time to Sell or Time to Buy !

Sold. Licensed Money Transfer And Money Exchange Bureau

LISTING DETAILS
Firms For Sale ID:
28680
Vendor reference:
CG019
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
Undisclosed  
Turnover / revenue:
£11,000,000
Net profit / cashflow:
Undisclosed
Years established:
2002
Trading hours:
Monday – Friday 10.00 am – 6.00 pm. Saturday 10.00 am – 3.00 pm
Number of employees:
3

OTHER DETAILS
Reason for selling:
The current vendor wishes to continue with other of his many businesses
Business is relocatable:
Yes
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
The business is completely re-locatable, however the business currently operates from rented premises.. The circa a 825 square foot fully fitted retail premises.
 
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BUSINESS DESCRIPTION
Licensed Money Transfer and Money Exchange bureau
Ref.CG019
Location London
Offers Invited
This business was established in 2002 with the sole intention of creating long standing, mutually beneficial business relationships with their clients. The business specialises in giving the best exchange rates, market information and trading mechanisms to financial decision makers on a regular basis.

Thousands of commercial business and private individuals make use of their range of trading mechanisms to effectively aviod market falls and to prosper whislt market movements are positive. By studying political releases, economic data and gauging sentiment and perception, this business can pass on current information regarding the purchase of foreign currency and in doing so, help its clients make more infomed decisions, thus enhancing their profit margins.

Expansion Potential
The opportunity exists to re-locate the business, keeping existing clients while developing the practice elsewhere. This opportunity would probably suit someone already in a similar market segment or associated service that wants to diversify or expand. Alternatively this is an excellent opportunity and quick start for someone who is intending to start a similar business.