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Business For Sale

AUTO FINANCING CO. SEEKS INVESTOR/OWNER

Attn: Greg Gush
Phoenix Metro Area, AZ, USA
Listing #: 909313983
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Asking Price: $1,000,000 USD USA Dollars
Business for Sale Industry: Services: Financial, Accounting, Insurance  
Reason for Selling: Capital for expansion
Year Established: 1995
# of Employees: 7
Yearly Revenues: $2,500,000
Yearly Cash Flow: $
Yearly EBITDA: $600,000
 

Business for Sale Overview:

This is a profitable used car financing company with over 10 years of profitable operation. Company seeks up to $5 million in growth investment capital ($500k per month for 10 months). Will pay 14% interest and collateralize investment with company and car titles. Company also seeks a 50-50 Equity partner for $200k down and seller carry $800k which Investor can pay out of guaranteed cash flow. Remaining 50% also available for sale at same price ($1 Million) within short period to investor once Investor realizes return. Company has APR of 51% on its money invested and returns EBITDA of 25%.


Property Features and Assets:

2000 sq ft office in business strip center.


Market Competition and Expansion:

Competition: This financing model has worked for over 10 years for this seller. Dealerships agree to exclusive financing relationship and must meet financing company parameters. Growth and Expansion: Two dealerships currently have an appetite for 60 car loans per month each, at $7-10k average per loan over 36 months requiring up to $500k per month in loan capability.


Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • The owner may be willing to work for the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.
  • This is not a distressed business or bankruptcy situation.

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