SOLD
BizEx222-AK: Financial Opportunity

Background:

General Location:Los Angeles, CA
Category:Services > Finance, Banking, Loans & Leasing
Years in Business:30
Under Present Owner:30
Hours of Operation:mon-fri 10am-6pm
Owner Hours:mon-fri 10am-6pm
Training:4 weeks, 30 hours/week
Organization Type:C Corp
Lease Expiration:March 01, 2011
Lease Options:none
Building Size:626 sf sqft
Employees: FT;1 PT

Reason for Sale:
Retirement

Financials

Asking Price:$599,000
Down Payment:Negotiable
Gross Sales:$320,000
Discretionary Cash Flow:$170,000
FF&E:$ 10,000
Inventory Included?Yes
Inventory:$ 0
Minimum Operating Capital:$5000
Real Estate Available?No
Real Estate Asking Price:$ 0
Rent:$ 2,608/month
Payroll:$1200/month
Financing:Seller

2009
Gross Sales320,000
Gross Profit
Disc. Earnings170,000

* YTD as of 3/31/2010, ** = Prorated.

Broker Info


Arthur B. Kessler
Business Broker
(310) 882-2200 ext 126
LIC# 01227004

Summary

Financial opportunity awaits the buyer of this successful, established 30 year old financial consulting firm. By providing conservative financial advice the Owners have avoided the pitfalls and problems suffered by many financial consultants. Client loyalty is strong and clients rarely leave this provider of sound advice. This is a perfect addition for any successful financial consulting firm. Growth by intelligent acquisition is a proven path to increased success.

Interested parties please call Arthur Kessler at BizEx Business Brokers 310 882-2200 x126 or cell 310 650-7900. Please register at www.bizex.net.


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.