Credit Card Debt Settlement Organization

Business Overview:

This company provides support to individuals who are struggling to make payments on their credit cards or other unsecured loans. The company provides the customer with a more affordable payment plan and negotiates on behalf of the customer for a reduced settlement with their creditor. There are 800+ active clients in the system, with expected fees of over $2,100,000. While a buyer should want to grow the business and acquire new customers, there is a healthy pipeline of existing customers and expected revenue on day 1 of ownership. This is a turnkey operation with very little involvement from its owners.

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Property Features and Assets:

The business is run out of a first floor office. The monthly rent expense is $2,608 and the lease expires 02/28/2026. The owner can operate the business remotely. The office size is 2,197 square feet.

Market Competition and Expansion:

While there are other debt settlement companies, this company maintains a more personal feel with their customers. Their structure allows the customer to work one on one with an individual when they are working through the program.

With an investment in additional sales people and an energetic sales manager, this business can grow quite easily. The business's revenue is at its current level because the owners have chosen against expanding further.

Reason for Selling:

To focus on other business ventures.

Additional Details:

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