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Debt Settlement Business For Sale
Location Missouri,United States
Asking Price Range $250K - $500K
Gross Revenues $265000
Net Profit / Cash Flow $102000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2001
Number of Employees 1 - 3
Relocatable Yes
Number of Employees 1 - 3
Real Estate Owned
Training Can be provided.
Reason for Sale The owner wants to concentrate two new business.
Description This Company represents individual clients who have unsecured debt which they can't pay. They negotiate with their clients' creditors, mostly large banks and credit card companies, and they are able to save their clients between 30% and 80% of what they owe. This can be the most practical way for individuals who are in over their heads to avoid bankruptcy and settle their debts fully and legally. Company collects fees from clients amounting to 25% of the amount that they are able to get forgiven( savings ) by the creditors. economy. You probably hear radio ads in your car for debt settlement .
Growth/Expansion: Until there is a full economic recovery, which many economists believe will not happen for several years, the business of debt settlement will continue to grow at a high rate. Experts predict that even after recovery, consumers will continue to need this service and the industry will continue to prosper.
Seller Financing Available: NO
Selling Price: $ 300,000
Support/Training: Seller wants the new owner to succeed, so he will be available to train for up to four weeks, full time (included with the purchase price), and is willing to stay on as a consultant for a reasonable fee if the buyer wishes.
Reason Selling: Owner runs two other businesses which need more attention.
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