Successful Financial Franchise

Seattle, WA (King County)

Successful Financial Franchise
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Asking Price: $299,000

Cash Flow: $186,000

Gross Revenue: $303,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2008

Successful Financial Franchise

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Business Description

Established Real Estate Commission Advance Brand with Growth Potential

This is a very rare opportunity to acquire an individually-owned franchise business with high margin and excellent cash flow for buyers who want to be their own boss. This business provides commission advances to real estate brokers in Western Washington to assist them with their cash flow. We purchase commission receivables on pending real estate transactions at a discount, while taking a security interest in all client accounts to protect our collection rights and minimize risk.

The current office is in a centrally located business center in Seattle with affordable rent although most customers interactions were over the phone and email. Each year we do business with about 100 unique customers, with strong repeat business. The operations have been primarily conducted by a solo-owner. Capital deployed has typically ranged from $250,000 to $300,000. While there is modest seasonality to the business, it remains profitable month-to-month.

Highlights:

1. High rates of return on deployed capital
2. Low overhead
3. Low regulation
4. Protected territory throughout 17 Western Washington counties
5. Current office lease may be transferred to new owner
6. Owner is willing to train/assist new owner
7. This is not a home-based business opportunity
8. Sale of the franchise is subject to the approval of the franchisor

Detailed Information

Location:
Seattle, WA
Employees:
1
Competition:
We are the only commission advance company based in the PNW and our presence provides us with a competitive advantage with clientele who value local relationships. There is room to grow the business with additional marketing effort.
Support & Training:
No experience is necessary since training will be provided. One week training at franchisor headquarters and additional seller training to enable the buyer to be proficient. Very efficient and structured processes in place with strong client relationships.
Reason for Selling:
Pursue other business opportunities
Franchise:
This business is an established franchise
Business Website:
http://www.commissionexpress.com/WA
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Business Listed By:
Michael Goodheim

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