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