Car Title Loan Co. 90% Online, $14m Secured AR

Home / Listing / Car Title Loan Co. 90% Online, $14m Secured AR

Under Contract

Background

BizEx ID:BizEx1345-EM
General Location:Los Angeles, CA
Category: Finance, Banking, Loans & Leasing
Consumer Services (B2C)
Years in Business:16
Under Present Owner:16
Hours of Operation:9:00 - 5:00
Owner Hours:Absentee Owner
Training:TBD weeks @ hours
Organization Type:S-Corp
Lease Expiration:
Lease Options:
Building Size:2 LA Locations
Employees:0
Reason for Sale:Other Opportunities

Financials

Asking Price:$16,000,000
Down Payment:Negotiable
Gross Sales:Call
Discretionary Cash Flow:$Call
FF&E:
Inventory Included?
Inventory:
Min. Operating Capital:TBD
Real Estate Available?No
Rent:
Payroll:$25,000

Description

Profitable Finance/Lending company for Car Title Loans, PayDay, Money Orders, Lottery, etc. 90% Online Sales and also 2 busy Los Angeles retail locations.

$14,000,000 in AR included secured by low LTV Car Title Loans and guaranteed by another car title company they have an exclusive agreement, No Loses.

Net Income in 2019 was $2,000,000 from $2,800,000 in revenue. 2020 was lower due to COVID Lockdown but quickly recovering and people need $$$.

Established in 2004, this company has built a strong presence and has numerous other revenue and growth opportunities available. This is high barrier to enter business and this company has secured all the necessary licenses for federal, state, and county.

Very scalable business.

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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.




Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802




Turhan Beriker
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 154
Direct: 310-882-2200 x154
Lic#: 02074377




Dan Higgins
Marketing Consultant
4551 Glencoe Ave. #210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 166
Direct: (714) 719-1809
Lic#:

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations