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Funding Services for Start-up Businesses

Sonoma County, CA (Relocatable)

Seller Financing Available
Funding Services for Start-up Businesses
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Asking Price: $150,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2001

Funding Services for Start-up Businesses

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Business Description

Help new business owners get tax-free access to 401k & IRA acounts

In 2001, I developed a plan for new business owners to provide them a way to get the funds they would need to buy or startup a small business or franchise without borrowing money from a bank.

By creating a qualified replacement plan for existing 401(k) and IRA funds, clients were able to rollover money on a tax-deferred basis and not be subject to taxes and penalties.

The 40% they would pay in taxes by taking a distribution could then be saved and applied
toward the purchase of the new business.

It was a no-brainer and in total compliance with IRS and DOL regulations.

Over the years hundreds of new business owners from almost every state in the country have taken advantage of these tax-deferred rollover services.

The fee is $5,000 per client and the gross profit averages 70% or $3,500 each.

Detailed Information

Location:
Sonoma County, CA
Employees:
2
Facilities:
Since clients are generated from internet ads, this business can be operated from any state. Assets include a custom qualified plan, proprietary sales and management procedures improved over the past 18 years, hundreds of satisfied client references.
Competition:
Since I first created this niche service, several accounting firms jumped into the market but are not sales or marketing oriented. My firm's fees are 40% less than what other firms charge.
Growth & Expansion:
In past years, a $5,000-$6,000 monthly advertising budget generated $500,000 in profits annually. However, at age 76, I have only been operating this business part time over the past few years.
Financing:
Buyer must have funds for a $5,000 /month advertising budget
Support & Training:
Will provide initial training and an additional six months of working with new buyer.
Reason for Selling:
health issues
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Business Listed By:
Dean Joyner

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