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Bank And Bank Technology Company
Location: United States
Industry: Business Services > Financial




Business Summary

FIRST COMPANY : ''FinTech'' BANK TECHNOLOGY COMPANY

We are one of few companies in the world authorized to issue debit and credit cards, using our own, unique sequence of card numbers and banking protocol (competitors: VISA, MasterCard, American Express, Discover)

Major company asset: we own a participation in the acquisition and operation of a major Fortune 500 bank subsidiary that earns cash-flow of about US$20million daily. This company will license our technology

Our Unique service: our customers obtain their own debit and pre-paid cards from our Banking Centers, or, proprietary, portable immediate-Issue Card Printers. No bank account or credit check required for our cards.

Customer services: in-person and online direct deposit using cash, cards and payroll checks, card reload, check-cashing, money remittance locally and internationally, bill payment, among other services

Other products in development : we own patents to facilitate funds transfer and escrow accounts in e-gambling, gaming, online casinos

Unique tax advantages : We pay no taxes on revenues earned, because we are incorporated and based in a major tax-haven

Price : EUROS 4.5million


SISTER COMPANY : COMMERCIAL BANK

100 year-old, US chartered commercial bank, receives customer deposits, issues certificates of deposit, opens savings and checking accounts, issues credit cards, makes loans, offers lines-of-credit, issue letters of credit etc.

Price: USD 5million


Financials

Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $1,000,000
Cash Flow:   $500,000
Cash Flow Type:  EBITDA
Inventory:  $500,000
Seller Financing:  No

About The Business

Year Established:  1915
Number of Employees:  4 - 5
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Yes (1) seller will train (2) can sit on board of directors (3) can become consultant or executiive
Reason For Selling:  need cash to acquire Fortune 500 bank




Print Listing Id: 700243878
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Also See: Franchise Opportunities > Franchise Resales

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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