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MAJOR PRICE DROP! Profitable Check Cashing Business – 20 Years Established – Broward CountyReason for Sale: Retirement. Located in a high-traffic corridor in Central Broward, this established check cashing and financial services business offers a profitable, recession-resistant opportunity for a hands-on owner. In operation for over 20 years, it has built a loyal customer base by providing dependable services including check cashing, money orders, bill payment, and other financial solutions.The business sits on the corner of a major road with hundreds of thousands of cars passing monthly and is surrounded by residential neighborhoods, retail centers, and businesses. Hundreds of new apartment units are currently under construction nearby, further boosting future growth.Financial performance is strong, with 2025 Owner Benefit of $169k on sales of $305k. Rent is just $3,000 per month for an 800 sq. ft. location and includes electric and water. The seller will provide training, and two experienced clerks are willing to stay on. With a prime location, low overhead, and opportunities to add services such as payday loans, ATM placement, or money transfer partnerships, this is a turnkey business with proven demand and clear growth potential in the thriving South Florida market. NO EXPERIENCE NECESSARY!
Founded in 1997, this well-established Enrolled Agent (EA) accounting firm boasts the highest IRS credential, specializing in managing monthly P&Ls, bank reconciliations, and performing tax returns. This successful practice consists of 38 corporate clients, many of which pay a monthly retainer fee, and 125 personal clients requiring personalized tax services. This practice can be easily consolidated into another existing LOCAL practice. Seller is willing to make client introductions for a seamless transition. For more information on this business for sale, contact listing agent Timothy Hamilton - (904) 898-0201. Please refer to listing #7101352457.
Farmers Insurance Company for Sale in Connecticut. The company sells insurance products and services: home, auto, business, condo, renters, life, landlord, vacant properties, special events ,bondsflood, ski, motorcycle, boats., builder risk.
This business has a long history of success, multiple revenue streams and is always busy with its great location in a highly populated neighborhood. The staff is reliable and has experience in handling all types of customers. The store is part of the most respected franchise in the industry. While most of the revenue comes from check cashing, this store also offers Western Union, Moneygram, bill pay, debit cards, money orders amongst its many services. Training and licensing are supported by the franchise, and the seller is also a leader in the industry with multiple stores and will help with the transition. There is some seller financing available and the opportunity will require capital as the buyer will need a cash inventory for the store on Day 1Please place an inquiry or reach out to Tom Covello at to receive the NDA and all of the information on this excellent opportunity.
This business has a long history of success, multiple revenue streams and is always busy with its great location. The staff is reliable and has experience in handling all types of customers. The store is part of the most respected franchise in the industry. While most of the revenue comes from check cashing, this store also offers Western Union, Moneygram, bill pay, debit cards, money orders amongst its many services. Training and licensing are supported by the franchise, and the seller is also a leader in the industry with multiple stores and will help with the transition. There is some seller financing available and the opportunity will require capital as the buyer will need a cash inventory for the store on Day 1Please place an inquiry or reach out to Tom Covello to receive the NDA and all of the information on this excellent opportunity.
This bookkeeping and tax practice, located in a Knoxville, TN suburb, has been in operation since 1978. The owner is looking for a buyer who can continue to provide exceptional service to the practice's loyal clients. The practice is operated out of the home, so most clients provide their information electronically, lending itself to transfer to non-local buyers.Revenue is made up of approximately 75% bookkeeping/payroll (approximately 28 clients) and 25% tax prep (approximately 400 clients). Tax prep is approximately 70% individual returns, 25% Form 1040 Schedule C, and 5% for Forms 1120, 1120S, 1065, 1041 and 990.
Preeminent law practice active for more than 30 years. Remarkably established track record of over three decades of consistently high revenue and profitability. It has an excellent reputation in the field.EMPLOYEE DETAILS:Three full time employees (excluding owner) identified as: senior paralegal, paralegal, and receptionist/legal assistant. Two part-time paralegals remunerated as independent contractors.Employees are stable, but when the need arises for replacements, the law firm has often hired former clients who have proven to be excellent employees and supremely reliable;Owner considers himself vastly knowledgeable about immigration and nationality law, case law, statutory and regulatory law, and procedure, and is willing to train his successor, and be considered “of counsel” on the firm’s website and letterhead for an agreed period of time. Owner is willing to still handle some court hearings in the future on a per diem basis. Owner is willing to be employed by the successor post-sale for a reasonable period of time;Successor needs to be a member of any Bar Association of a U.S. State or Possession, in good standing. This legal practice is federal in nature. The successor will have be admitted to practice before the Immigration Courts and Board of Immigration Appeals which means an identity number issued by the Executive Office for Immigration Review (“EOIR”) and an internet account for filings under “ECAS.” The successor will have to secure identity numbers with the U.S. Citizenship and Immigration Services (“USCIS”) and Immigration and Customs Enforcement (“ICE”), the latter for internet filings under “ICE E-Service.” It is highly recommended that the successor join the American Immigration Lawyers Association (“AILA”) including the South Florida and Central Florida chapters. It is also highly recommended that the successor joins the Bar Associations of the U.S. District Courts for the Southern and Middle Districts of Florida;Presuming the successor has limited to no knowledge of immigration and nationality law, I expect the learning curve to be 6-12 months.COMPANY DETAILS:The organization is a “professional association” or “PA” under Florida corporate laws, which by law is effectively the same as a corporation. The business is focused on legal representation throughout Florida, although clients reside all over the U.S.A. It is not home based as clients appear for case work and preparation.Organization has been located at same building in South Florida for more than 29 years.Owner is willing to remain “of counsel” for an agreed upon period of time, and be employed throughout transition and comfort zone of successor for an agreed upon period of time.There are no lawsuits, liens, mortgages, back rent owed, brokerage firm agreements, or debts at closing.There are no unpaid PPP or EIDL loans existing. Please refer to listing number 6401323224, business broker Phill Proctor when inquiring about this listing.
If you are looking a turn-key money service business that also sell small retail items and snacks that has been in the same location for over 25 years with a solid client base and tons of room for growth in the Heart of Mesa than look no further. The potential to grow the business is strong especially if you add check cashing services as well. Currently the business does money transfer services with Vigo By Western Union which money transfers world wide, direct deposit to foreign bank accounts and inside the USA. Also they use Ria money services money transfers world wide, foreign bank accounts and inside the USA. The lease in place is great as well with the lease at $1,000 a month with a 1,040 sq. ft store front. This business will sell quick especially with the rarity of the type of business offered.
This long-standing insurance agency has been serving Snohomish County for over two decades, offering personal, commercial, and health insurance services. The business generates steady renewal income and has cultivated a highly loyal client base, many of whom have been with the agency for 10 years. Positioned in a rapidly growing county with new business and residential development, this agency is an excellent opportunity for an entrepreneur or licensed insurance professional seeking stable cash flow and room to expand.
LOCATIONCompany: AllstateCity/State: Renton, WACounty: KingZip Code: 98056Location Available: Office space is located in retail center and is 1,125 sqftRent/Lease Terms: Assumable leaseRent/Lease Rate: $3,300 per month including CAMF&E Available: Furniture and Equipment to conveyYears In Business: 9Location Photos: Available on requestCurrent Agency Staffing: Two licensed full time team members, one general manager, one salesmanager plus the agency owner.Asking Price: $2.7 millionAnnual New/Renewal Revenues: Confidential until NDA receivedEarned Premium: $8.2 millionBank Financing Available: Local and national lender referrals available on requestSeller Financing Available: If necessary, terms negotiable. Satisfactory collateral requiredDetailed Financial Reports: NDA Required
LOCATIONCompany: AllstateCity/State: Asheville, NCCounty: BuncombeZip Code: 28805Location Available: Office is located in a retail strip center with good visibility and signage.Total area is approximately 1,575 square feet with 6 workstations, all in individual offices.Neighboring businesses include pharmacy, DMV, restaurants, ice cream shop and a hair salon.Rent/Lease Terms: Currently leased.Rent/Lease Rate: $2,256 a month.F&E Available: Fixtures and equipment to convey.Years In Business: Original agency established over 50 years ago. Current owner took it overin 2000 from the founder and kept the name of the agency the same.Location Photos: Available upon requestCurrent Agency Staffing: 2 sales and 1 customer service. All licensed and will transition withthe sale. Agency has a successful relationship with exclusive Financial Specialist.Asking Price: $1,245,000Annual New/Renewal Revenues: Confidential until NDA received.Earned Premium: $3.9M plus brokered bookBank Financing Available: Local and National lender referrals available upon request.Seller Financing Available: Local and National lender referrals available upon request.Detailed Financial Reports: Confidential until NDA received.
LOCATIONCompany: AllstateCity/State: Surfside Beach, SCCounty: HorryZip Code: 29575Location Available: Office is located in a retail strip center in the heart of Surfside Beach. Great signageand visibility. Total square footage is 3,000. Eight workstations. Neighboring businesses include severalrestaurants, bakery, salon, decor shop, surf shops, law offices, and grocery store.Rent/Lease Terms: 2 year lease with renewal in July 2024.Rent/Lease Rate: Rent is $4,000 a month.F&E Available: Furniture and equipment convey.Years In Business: 35 year agency, 2 years with current owner.Location Photos: Available upon request.Current Agency Staffing: Four sales people and one customer service person. One person is life licensed.Asking Price: $2.31MAnnual New/Renewal Revenues: Confidential until NDA is received.Earned Premium: Approximately $8,000,000 including brokered.Bank Financing Available: Local and National lender referrals available upon request.Seller Financing Available: If necessary, terms negotiable. Satisfactory collateral required.Detailed Financial Reports: NDA required.
LOCATIONCompany: AllstateCity/State: Mount Airy, North CarolinaCounty: SurryZip Code: 27030Location Available: Office space is located in retail center. 1000 square feetRent/Lease Terms: Assumable leaseRent/Lease Rate: $1500 per monthF&E Available: Furniture and Equipment to conveyYears in business: 15 years in businessLocation Photos: Available on requestCurrent Agency Staffing: Two seasoned licensed full time team members, plus agency owner.Agency has a successful relationship with Exclusive Financial Specialist.FINANCIALAsking Price: $710,000Annual New/Renewal Revenues: Confidential until NDA receivedEarned Premium: $3,976,000Bank Financing Available: Local and national lender referrals available on requestSeller Financing Available: If necessary, terms negotiable. Satisfactory collateral requiredDetailed Financial Reports: NDA Required
Profitable Auto Insurance Franchise in Prime South Florida LocationOwn a highly successful franchise of one of South Florida’s most recognized insurance brands, situated on a busy east-west thoroughfare in a prominent storefront location. This established business specializes in both standard and non-standard insurance products, including auto, homeowners, business, boat coverage, and ticket defense.The franchise holds appointments with top carriers such as Progressive, Star Casualty, United Auto, Ocean Harbor, Gainsco, Kemper, Legacy, Ascendant, Citizens, Foremost, Universal Property, AM Wins, and others—ensuring a broad product offering for diverse client needs.With $600K in net commissions after royalties and an owner benefit exceeding $200K in 2024, this is a lucrative opportunity for a motivated buyer. The business comes with experienced licensed staff who will remain with the new owner, ensuring a smooth transition and continued growth.The lease extends through 2030 with a monthly rent of $3,322. The buyer is responsible for the franchise training fee totaling $17,500. Franchise training is conveniently held in Miami.This turnkey operation is ideal for an entrepreneur seeking a reputable brand and proven income in a prime South Florida market.220 LICENSE IS REQUIRED!
An exceptional opportunity to acquire 50% ownership in a high-growth legal funding firm led by a seasoned founder with three decades of industry experience. Specializing in personal injury, wrongful imprisonment, discrimination, commercial torts, and contract breach cases, this company operates nationally and boasts a proprietary CRM, optimized workflows, and unmatched SEO visibility.Highlights:- Industry Pioneer: Founder has been in the funding space since 1995 and built one of the earliest firms in the sector.- Diverse Case Portfolio: Mix of personal injury, wrongful termination, wrongful imprisonment, and commercial cases, including multi-million-dollar verdicts.- Proprietary CRM System: Streamlined lead tracking, case underwriting, and contract generation built in-house.- Remote-First Team: Efficient, lean team with clearly defined roles across sales, operations, and collections.- Strong Profits: Currently generating $1,000,000 in SDE.
This is a well-established and highly profitable franchise known as the local go-to destination for auto insurance and expedited DMV services. Operated by a husband-and-wife team with a strong reputation and a consistent customer base, this business generates over $600,000 in net profit annually. Revenue comes from two main sources: auto insurance sales and high-demand DMV services, including next-day tags, new registrations and renewals, title transfers, temporary tags, handicap placards, and more. The business primarily serves a Latin market, benefiting from strong community ties and a steady stream of repeat customers. With no employees, overhead costs remain low, maximizing profitability and simplifying operations. This is a turnkey business with strong cash flow and a loyal client base. There is also significant room for growth, as the franchisor allows additional revenue streams like life insurance, homeowners insurance, and tax services, which the current owners have not yet begun offering. This opportunity is ideal for an insurance professional with a Florida 2-20 General Lines Agent License who is looking to take over a well-established, recession-resistant business with built-in expansion potential.
This is a rare and strategically positioned opportunity to acquire a multi-unit, multi-revenue stream franchise operation within the highly stable and recession-resistant tax and financial services industry.The offering includes two company-owned storefronts, both located in high-traffic retail centers with strong visibility and consistent traffic. In addition to direct service revenue from these well-established locations, the buyer will assume control of royalty streams from four additional franchised units operated by independent owners within the exclusive protected territory.As part of the deal, the new owner will also hold territorial rights to open and sell up to four more locations, providing immediate expansion potential and the ability to generate upfront franchise fees and ongoing royalties from future franchisees.
For $199,000, acquire a single, high-visibility retail franchise location in a proven tax and financial services model. This turnkey opportunity includes seasonal tax preparation along with year-round bookkeeping, payroll, and advisory services, ensuring consistent cash flow through all seasons. As a solo unit, it offers lower overhead and simplified operations, ideal for hands-on owner-operators or first-time buyers seeking a strong local presence supported by comprehensive franchise branding, training, and marketing tools.
This established tax preparation and financial services business has operated profitably for over 10 years in a high-traffic South Florida shopping center. The location offers strong visibility and walk-in volume, surrounded by retail, restaurants, and essential businesses that drive consistent customer flow.The company serves a loyal, repeat client base, with strong ties to the local Haitian and Dominican communities. Services include personal and business tax preparation, tax planning, bookkeeping, estate and trust filings, money transfers, and check cashing. The business also integrates with the Can-Do Check Cashing platform, offering scalable revenue opportunities.Run by an experienced husband-and-wife team, the operation is streamlined and ready for transition. Growth opportunities include expanding check cashing volume, adding financial products, and leveraging digital marketing. With consistent cash flow, multiple revenue streams, and a high-demand customer base, this is a turnkey acquisition with upside.
This established and profitable fundraising business offers a streamlined, turnkey model that has consistently helped schools, teams, and community groups across the United States achieve their fundraising goals. With a well-structured approach, proven systems, and a strong reputation for customer service, the company has built long-standing relationships with educational and extracurricular organizations seeking effective and easy-to-execute fundraising solutions. Its offerings are accessible nationwide, supported by a combination of e-commerce tools, branded materials, and operational infrastructure designed for scalability.The business operates with low overhead and a flexible structure, making it suitable for both owner-operators and strategic acquirers. Revenue is diversified across multiple fundraising programs and product lines, and there is significant room for geographic and market expansion. With the increasing demand for school and team fundraising solutions—and an established foundation already in place—this opportunity presents a compelling entry or add-on acquisition in a stable, mission-driven sector.This business specializes in providing an easy and fast way for teams to fund raise. With more than 25 years of experience supporting everyday fundraising needs, it is dedicated to delivering the highest quality products and exceptional service in the industry. The primary focus is to make the fundraising process straightforward and successful for any team or organization, ensuring reliable solutions that help clients achieve their financial goals efficiently.
This is a rare opportunity to acquire the tax client portfolio of a well-established and reputable accounting firm with over 25 years of service. The practice has built strong, long-standing relationships with a diverse mix of individual and small business clients, primarily focused on tax preparation and planning.The seller is divesting only the tax portion of the business to streamline operations and focus on other service areas. This opportunity is ideal for an independent CPA or an existing firm looking to expand its tax client base with minimal marketing effort. The owner is willing to assist with a structured transition to help ensure strong client retention.
Acquire a Profitable Tax & Financial Services Powerhouse with Immediate Cash FlowTurn-Key Acquisition: 8% Growth, Dual Locations, Recession-ResistantTransform your investment into immediate returns with this established financial services firm generating consistent cash flow across two strategic Utah markets.This confidential opportunity represents a rare chance to acquire a thriving, multi-location financial services operation with proven profitability and exceptional growth momentum. This premium business combines the stability of tax preparation with the recurring revenue of comprehensive financial services, delivering an 8% annual growth trajectory over three consecutive years.Strategic Market Position & Revenue Diversification: Operating from two prime locations in Utah, this firm has built an enviable market position serving individual and business clients across multiple Western states. The business generates revenue through multiple high-margin service lines including individual and business tax preparation, payroll processing, comprehensive accounting and bookkeeping packages, QuickBooks consulting, financial planning, and insurance services. This diversified revenue model creates natural recession resistance and reduces seasonal volatility common in tax-only practices.Competitive Differentiation & Client Loyalty: What sets this firm apart is its comprehensive service ecosystem that extends far beyond traditional tax preparation. Clients benefit from CFO-level advisory services, integrated payroll solutions, ongoing bookkeeping support, and insurance guidance—creating deep, sticky relationships that drive exceptional client retention. The firm's decades-long reputation has cultivated a loyal client base that provides predictable, recurring revenue with minimal acquisition costs.Operational Excellence & Scalability: The business operates on a lean, proven model with established systems designed for seamless ownership transition. Key team members are committed to staying post-acquisition, ensuring continuity of service and relationships. The current owner has systematically built scalable processes across general management, client relations, and strategic planning functions, positioning the new owner for immediate operational success.Immediate Growth Opportunities: The new owner inherits a platform primed for expansion with multiple identified growth vectors: direct marketing campaigns to local small businesses, enhanced digital marketing initiatives, expanded financial planning and insurance offerings, and additional bookkeeping or consulting services. These opportunities leverage existing client relationships and operational infrastructure for accelerated returns on investment.Investment Highlights:- Immediate Cash Flow: Step into profitable operations from day one- Proven Growth: 8% annual growth trend demonstrates market demand and operational effectiveness- Geographic Diversification: Two established locations with multi-state client base- High-Margin Services: Comprehensive service mix maximizes profitability per client- Recession-Resistant: Essential financial services create stable demand cycles- Turnkey Operation: Experienced team, established systems, and loyal client base includedReady for Your Vision: With full licensing, regulatory compliance, manageable working capital requirements, and a retiring owner committed to smooth transition, this confidential opportunity offers the ideal platform for an investor or operator seeking immediate profitability with significant expansion potential.Secure this exclusive financial services acquisition opportunity today. Contact us immediately to sign a confidentiality agreement, review detailed financials, and discover how this established firm can become your pathway to immediate cash flow and sustainable growth in the thriving financial services sector. For additional information, please contact listing Brokers Mike & Lynn Lee.
Drive Away with Profits- Pre-Owned Auto Lot With In House Financing for Sale!This well-established pre-owned auto dealership has been operating under the same ownership for more than 25 years! Located in a high-traffic area, the business has built a loyal customer base by offering affordable vehicles and flexible in-house financing options for buyers of all credit backgrounds.Approximately 25% of the dealership's revenue comes from auto financing, creating a reliable stream of recurring income. The recent addition of an in-house mechanic presents a strong opportunity to reduce third-party repair and reconditioning costs, improving margins going forward.This is a turnkey operation with solid cash flow, a long-standing reputation in the community, and potential for growth under new ownership.
Full-Service Accounting, Tax Preparation, and Insurance Business – Miami-Dade CountyThis well-established firm offers comprehensive accounting, tax preparation, and property & casualty insurance services. The company provides a wide range of offerings, including:Personal and corporate tax return preparationBookkeeping servicesTax preparation seminars and trainingProperty and casualty insurance solutionsThe business has built a strong reputation within the Latin American community in Miami-Dade County, with approximately 85% of its client base being Spanish-speaking.Revenue Breakdown (by service category):Personal tax returns: 60%Corporate tax returns & bookkeeping: 40%Operations & Staff:The company currently employs 24 full-time staff members, including the owner. Additional seasonal tax preparers are brought on during tax season. The entire team, including the owner, is expected to remain in place post-sale, ensuring operational continuity.Locations:The business operates across six branches:4 accounting and tax offices1 property & casualty insurance office1 brand-new, fully equipped tax and accounting branches scheduled to open in September 2025Growth Potential:This is a scalable, growth-ready business with a proven, fully documented set of standard operating procedures (SOPs) that allow for efficient replication of new locations. The company is on track to expand further by launching multiple new branches annually—making this a turnkey opportunity for strategic investors or operators looking to enter or grow in the financial services sector.PLEASE NOTE: There is no lender or seller financing available for this opportunity. To receive a CIM, please provide an NDA, snapshot of liquidity for the full price and buyer background/experience.
Wildly successful independent insurance agency for sale with minimum 35% year over year growth since 2020 focusing on mainly personal auto insurance AND a separate revenue stream (i.e. car registration that makes up 46% of revenue) located next to a DMV. We repeat that almost 50% of the revenue of this business comes from car registration sales. For those looking for only a book of insurance business to transfer without this additional revenue stream being taken into consideration, this business is not for you and will not value out based on typical insurance agency metrics. With excellent reviews, this agency has managed to sell and secure over 1,700 policies and 3,700 customers with direct appointments (no aggregator) located in a southwest suburb of Cook County. Please also note there is a decent amount of non-standard policies within the book of business that is being sold, i.e. 25% standard / 75% non-standard. Carriers included, but are not limited to: Progressive, Nationwide, Berkshire Hathaway (Guard), Hartford, First Chicago, and Foremost. It comes with an excellent, affordable office space. Word of mouth has been their only source of growth so there is still tremendous room to grow with marketing. 2025 gross revenue was over $750k with $370k in SDE. Speaking Arabic would be an absolute plus, but not necessary based on the clientele and location of the agency. This an excellent tack on for a buyer that already has an agency and/or it can be rebranded as needed. The seller's preferences would be a buyer that already knows the insurance industry, but it can also serve as a massive head start for someone trying to break into the insurance industry. Inquire within for more information. PREFERRED CASH OR CONVENTIONAL LENDING BUYER FUNDING.
Established in 2024, this tax preparation service has already achieved strong first-year sales and is well-positioned for continued growth. Built on modern systems and efficient processes, the business offers an excellent foundation for a new owner to scale quickly.The company serves a loyal and growing client base in an area with high demand for tax, bookkeeping, and related financial services. The owner is open to selling this business either as part of a package with another established tax preparation firm or on a standalone basis.Highlights:Newly established but already generating respectable revenue.Fully equipped with software and processes for efficient operations.Excellent opportunity for an industry buyer or first-time owner looking for a clean, scalable operation.Can be combined with a second tax business for a larger footprint and immediate client base.This is a rare opportunity to step into a fresh, compliant tax practice with no legacy issues and a trajectory of growth.An ideal fit for a buyer who values people-focused work, deep roots in the community and wants to step into a turnkey operation.This is a great opportunity for an owner-operator to continue growing the business or for an existing firm to expand into a high-demand market.
Profitable Check Cashing Business – $10M Annual Volume – Exclusive TerritoryRare opportunity to own a high-volume, low-overhead check cashing business with over 30 years of continuous operation in the same prime location. This business is the only check cashing provider in the area, operating with exclusive rights within a 2,500-foot radius. It processes approximately $10 million in annual transactions at an average 2.21% fee, offering services such as check cashing, money orders, and bill payments.The current owners have successfully run the business for 16 years and are ready to retire, offering training for a smooth transition. Monthly rent is just $1,600 with minimal additional expenses. Peak volume comes during the summer months.WORKING CAPITAL OF $150,000 IS REQUIRED.This is a turnkey opportunity with strong margins, consistent cash flow, and a recession-resistant model—ideal for an owner-operator or investor looking to step into a stable, established business.
Well-established and profitable CPA practice located less than 1 hour from the twin cities. The firm provides individual and business tax preparation, payroll, bookkeeping, and tax planning services, backed by a seasoned team and efficient systems.Highlights:•30 year reputation in the community•Strong cash flow: $427K•Diversified, recurring revenue streams•Tenured staff supporting tax, payroll, and bookkeeping•High average fees: 1040s ($400), business returns ($1,400), bookkeeping (~$2,000/client)•Seller open to a 1–5 year transition periodThis is an excellent opportunity for a growing firm, experienced CPA, or private equity group seeking to expand with a high-margin, loyal client base and built-in staff continuity.Interested buyers should have approximately $910,000 in available capital for the down payment. Sunbelt Listing ID: 57296
This business finances commercial truck purchases for individual truck operators. It was established 15 years ago and has grown consistently with currently 250 outstanding loans. The loans are secured by a first lien on the vehicle title which is held by the company until the loan is paid off. Interest rates are over 24% and loans are generally for up to 48 months. Default rates have historically been less than 3% due to the thorough credit approval process up front. Current Owner has grown the business through referrals and word of mouth with no advertising or marketing which leaves a huge upside for the new owner. Besides expanding the truck lending the new owner can grow into other types of equipment loans i.e. construction equipment, car wash tunnel equipment, laundromat equipment etc. With built in monthly cash flow of over 60k this business is a great opportunity to get into the extremely lucrative asset based finance industry. Owner is looking to retire but will stay on for up to one year to train and transition the business smoothly. THIS BUSINESS IS NOT SBA FINANCEABLE AS LENDERS DON'T LEND TO LENDERS. MUST BE ALL CASH PURCHASE.
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Asking Price: $1,650,000
