Business For Sale Listing 149363
Payday Advance - 39% Net Margins
Status as of Nov-20-2008 at 06:42 PM: Active
Business Summary
Great opportunity to own a successful business with owner financing for the right buyer!
PA (Payday Advance) is a successful, growing family-owned and operated business that has been serving Corona for the past 5 years. PA has a very loyal customer base and as a result has an unheard of low default rate of 2%. PA has a high traffic location driven by yellow page advertising, customer referrals and drive-up from the main street.
PA has great growth potential by adding more services such as check cashing, wire transferring, small asset loans, etc. There is minimal competition in the local area for these sevices. There is a favorable lease in place on the location.
This business comes with the accounts receivables in place to finance current customer payday advances-truly a turnkey operation!
The seller will carry the required license for the business until the new owner secures their own. The seller will thoroughly train on all aspects of the business.
Disclaimer Information has been provided by the sellers. Broker has not verified this information makes no representation or warranties as to its accuracy. Prospective buyer(s) should rely upon their own verification and that of their financial and legal advisors for this information
$30,000 of working capital included in the purchase price.
PA has great growth potential from adding more services-check cashing, wire transferring, small asset loans, etc. There is minimal competition in the local area for these sevices. There is a favorable lease in place on the location.
This business comes with accounts receivables upon purchase. Seller will carry license in transition.
Disclaimer Information has been provided by the sellers. Broker has not verified this information makes no representation or warranties as to its accuracy. Prospective buyer(s) should rely upon their own verification and that of their financial and legal advisors for this information
Categories
Industry
Location
Financials
| Sales: |
Between $100 Thousand And $500 Thousand (106,200) |
| Profits: |
Under $100 Thousand (50,800) |
| Profit Type: |
Seller's Discretionary Cash Flow (SDCF) |
| Asking Price: |
Less than $100 Thousand ($60,000) |
