Debt Settlement - Great Opportunity In Bad Economy
Location:
United States
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Missouri
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St. Louis
Industry: Business Services > Financial
Business Summary
This Company represents individual clients who have unsecured debt which they can't pay. They negotiate with their clients' creditors, mostly large banks and credit card companies, and they are able to save their clients between 30% and 80% of what they owe. This can be the most practical way for individuals who are in over their heads to avoid bankruptcy and settle their debts fully and legally. Company collects fees from clients amounting to 25% of the amount that they are able to get forgiven by the creditors. Customer leads are attracted by Internet advertising including search engine optimization, and communicate by fax, email and US mail so there is no need for them to visit the office. For this reason, this business is locatable anywhere. In this listing, ''Inventory'' refers to clients' funds that have been deposited with the Company for the purpose of settling debts. Approximately $150,000 in clients' funds (to be adjusted to actual amount at closing) are included with the sale. Contact for more information on this Debt Settlement business for sale.
Financials
Asking Price Range: $500K - $1.0M
Gross Revenues:
$236,000
Cash Flow:
$155,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $175,000
Seller Financing: Yes
About The Business
Year Established: 2001
Number of Employees: 1 - 3
Relocatable: Yes
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: Seller wants the new owner to succeed, so he will be available to train for up to four weeks, full time (included with the purchase price), and is willing to stay on as a consultant for a reasonable fee if the buyer wishes.
Reason For Selling: Owner runs two other businesses which need more of his attention.
Click on the "I'm Interested" button above for more information on this Business Services > Financial business for sale.
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Print Listing Id: 70097598
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