PayDay Loan averaging over 200 customers per two weeks. Near banks, income tax business, and major anchor which JUST opened (24 hour fitness). High foot traffic. Business is very profitable and shows like a nice high end bank. There is an opportunity to increase services by adding Check Cashing (Which they just started), Car Loans (which they just started), EBT Cash Advance, Cash for Gold, etc. Also, there is possibility of adding additional merchandise for customers that may result in additional revenue. Contact business broker to complete Non-Disclosure Agreement and receive more information regarding this established business for sale located in San Bernardino County of Southern California. Large Chain Businesses moving in same center. Center is new and upgraded. Seller May Be open to "Seller Financing" a portion.
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This is an established independent insurance agency group of offices that are non-portable, non-relocatable, so only Buyers that are interested in continuing with the leaseholds at the subject locations should inquire about this opportunity. Seller is an active owner-operator and interacts with clients reguarly so it is also advised that new ownership be active in the trenches with both the staff and the customers. The Seller is not THE business, however, and all licensed staff will be included and shall stay with the Buyer if they choose to do so. Top 5 carriers by revenue are Progressive, Unitrin, Commerce West, Reliant, and Access. All loss ratios in the 40-50% range or lower. Over 40 appointments total, so the company places the client with the best coverage possible. Broker fees account for $120,000.00 yearly, renewal commissions about $200,000.00. About a global 60% retention overall (industry benchmark) b/c there is a decent level of competitors, but what separates this business from the rest are the longevity of being at the same locations for such a long period of time and their overall visibility on highly trafficked thoroughfares. NDA is required; Seller has also mandated that ALL Buyers supply proof of funds in excess of $400k (bank statement, stock portfolio snapshot, etc...) proving liquidity for additional details or to schedule any meetings of whatever kind. Confidential sale, do not ever discuss or visit the business etc...or start questioning employees.
Approximately 4 year old office for sale with all fixtures, elegant furniture, and great equipment that is needed to run a modern insurance agency office. Gorgeous workstations, good location in strip center. Perfect starter office with existing goodwill in place, many clients make payments at the place of business so transition will be easy. Appointments included if the Buyer needs them, or else if it's a strategic acquisition Broker and Seller will ensure smooth transition. Absolutely confidential sale, never ask questions at place of business. NDA is required for exact business identity.
Apple Valley, CA
Big Bear Lake, CA
San Bernardino County, CA
Moreno Valley, CA
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