BizEx166-SG: Sales Business in the Debt Settlement Services Industry



Background:

General Location:Orange, CA
Category:Services
Services > Other Personal Services
Years in Business:2
Under Present Owner:2
Hours of Operation:9am-6pm Mon-Fri
Owner Hours:40hrs/week
Training:2 weeks, 20 hours/week
Organization Type:S Corp
Lease Expiration:April 30, 2010
Lease Options:1 Year Option to Extend
Building Size:743 sqft
Employees:4 FT

Reason for Sale:
Pursue Other Interests

Financials

Asking Price:$445,000
Down Payment:Negotiable
Gross Sales:$274,920
Discretionary Cash Flow:$118,261
FF&E:$ 11,000
Inventory Included?No
Inventory:$ 0
Minimum Operating Capital:$ 10,000
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 1,263/month
Payroll:$ 2,500/month
Financing:Call

Gross Sales
Gross Profit
Disc. Earnings

* YTD as of , ** = Prorated.

Broker Info


Stuart Gross
Business Broker
(310) 882-2200 ext 118
LIC# 01860825

Summary

Sales business for sale is a Debt Resolution Services & Management Company targeting consumers with an excess of $10k in unsecured debt. On average, they reduce their customer's principle debt balance by 40-70% without having to go through bankruptcy. The company meets or exceeds quality standards set by leading national debt settlement organizations such as TASC (The Association of Settlement Companies) and IAPDA (International Association of Professional Debt Arbitrators). They have consistently added new clients and overall growth since their inception 2 years ago. The core operation of the business involves managing the in house sales force who consult and qualify prospective clients. Adding sales personnel could easily enhance the current growth trend that the company is experiencing. The current book of business is approx $220k and is included in the sale price. The ideal new owner would have experience managing in house salespeople. Also, any direct marketing experience would maximize marketing dollars and thus the company's bottom line. An understanding of the debt resolution business would be helpful but not required as training is available. The owners are partners who are selling to pursue divergent interests. Interested parties should register as a buyer online at www.BizEx.net to get a full package on the business and call Adam LaDuke at (310) 882-2200 ext 119 for more details on this exciting opportunity!


More Details

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DISCLAIMER: The information herein is furnished by the seller; BizEx has not verified this information and makes no representation or warranty as to its accuracy, completeness, or authenticity. Future earnings may differ from past earnings. Discretionary Earnings is defined as earnings before deducting interest, taxes, depreciation, and amortization, and adding Owners salary, benefits and non recurring expenses.