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Business For Sale
AUTO FINANCING CO. SEEKS INVESTOR/OWNER
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Asking Price: |
$1,000,000
USD USA Dollars
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Business for Sale Industry: |
Services: Financial, Accounting, Insurance
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Reason for Selling:
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Capital for expansion |
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Year Established:
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1995 |
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# of Employees:
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7 |
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Yearly Revenues:
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$2,500,000 |
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Yearly Cash Flow:
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$ |
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Yearly EBITDA:
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$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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