Business Overview:
Profitable Finance/Lending company for Car Title Loans, Payday, Money Orders, Lottery, etc. 90% Online Sales and also 2 busy Los Angeles retail locations.
$12,000,000 in AR included secured by low LTV Car Title Loans and guaranteed by another car title company they have an exclusive agreement, No Loses.
Net Income in 2019 was $2,000,000 from $2,800,000 in revenue. 2020 was lower due to COVID Lockdown but quickly recovering and people need $$$.
Established in 2004, this company has built a strong presence and has numerous other revenue and growth opportunities available. This is high barrier to enter business and this company has secured all the necessary licenses for federal, state, and county.
Very scalable business.
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Reason for Selling:
Other Opportunities.
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
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