Jun 13, 2018 — This successful finance business has established a lucrative niche in the Australian finance industry by providing asset finance for transport industry equipment, such as light and heavy trucks and trailers, to its customers.
The business fills a gap in the market for SME finance by funding deals that fall outside the strict banking guidelines for equipment chattel mortgage purchases.
With current asset value sitting at around $20m, finance is provided through Rent to Own (75%) and Short and Long Term Hire generating $900k revenue per month.
Growing 100% in 2 years, new business is originated through a network of highly visible and visited lead generating websites, repeat business with long standing customers and referrals. Currently the business meets the needs of over 70 SME clients.
This business has a history of generating strong returns to its owner who is at the limit of their available capital, resulting in the business being ideally positioned for a larger organisation with greater resources to capitalize on significant current and future growth prospects.
A new owner will benefit from a streamlined business that is scalable at low incremental cost, whilst offering a predictable base of operations and history to grow the revenues and profitability.