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Pay Day Loan Service For Sale - San Bernardino, California
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Profile: Pay Day Loan Makes 460% Return.
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Ad/Listing Information
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Contact Information |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$90,000 |
| Down Payment: |
$75,000 |
| Annual Revenue: |
$87,000 |
| Annual Adjusted Net: |
$65,000 |
| Price Range: |
$0 to $100,000 |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Yes |
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Description:
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Want To Make 460% Apr On Your Money??? This Pay Day Loan Company Legally Makes Just That!
Unbelievable Opportunity To Generate Incredible Return On Your Investment With This “Deferred Deposit” Company. This Hidden Treasure Is Very Easy To Run, Has Very Low Overhead, And Has A Tremendous Upside. Current Owner Has Developed Loyal, Repeat Clients Over The Last Ten Years That Often Return To The Loan Store Every Two Weeks. Two Weeks Is The Length Of The Loan For Which The Owner Collects The Loan + 17% Interest And Fees. Then The Owner “Re-Loans” The Same Amount To The Next Customer For 17% And Fees For The Next Two Weeks. Clients Have Jobs And Checkbooks And Are Normal People That Need A Small Loan For No More Than 250. The Client Writes A Check For 294 (Based On The 250 Loan) And The Owner Cashes It Two Weeks Later Making 44. The Money Turns Every Two Weeks So 250 Investment Can Generate 1,144.00 Or 460% Per Year (44 X 26 Two Week Intervals Per Years) For The Owner. Often The Client Pays It Back In Much Less Time. The Default Rate Is Only About 2% So The Collections Are Extremely Reliable. Meanwhile, The Defaults Are Still Collectible. The Two Part-Time Owners Work A Combined 36 Hours Per Week Or 7 1/2 Hours Per Day, Monday Through Friday, Except Tuesday When They Only Work 6 Hours. The Customer Return Rate Is So Reliable That The Owners Only Advertise In One Yellow Page Directory. The Price Includes 25-30,000 In Accounts Receivable. The Owners Are Moving To Arizona To Be With Their Family So They Are Forced To Sell. Act Fast On This One As It Will Probably Sell To The First Buyer Who Visits.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Roger Civalleri, Broker at 310-539-8300 X212 Non Disclosure Agreement |
See All Our Other Businesses For Sale We Have Available
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| 2008-12-01 |
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