Title Loan Company in South Houston Area

Harris County, TX

Seller Financing Available
Title Loan Company in South Houston Area
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Asking Price: $220,000

Cash Flow: $77,477

Gross Revenue: $296,449

EBITDA: N/A

FF&E: $35,000

Inventory: $20,000

Rent: $2,410 /Month

Established: N/A

Title Loan Company in South Houston Area

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Business Description

Founded in 2009, this franchise offers a program to operate a consumer finance lending outfit offering vehicle title loans and other consumer finance lending (including payday and installment loans). It is the only consumer financial lending franchise in the US.

Established in October, 2015, this is the first franchise location in the State of Texas. After nearly three years and significant investment by the owner, the Company is poised to deliver over $75k in profit in 2018 (adding back customer discounts) and over $150k in 2019 with focus on smarter lending, improved loan quality, collection persistence, improved manager oversight and reduced cost from a smaller retail footprint.

The Company offers a service to facilitate vehicle title loans only but has the capability to facilitate payday loans, if so desired.

Business includes Repo inventory that changes on a regular basis.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
End cap off main interstate in South Houston
Financing:
110000.00
Support & Training:
2 weeks
Reason for Selling:
full time job
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Contact the Seller

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Bobbi Coffey

Business Listed By:
Bobbi Coffey

Transworld Business Advisors

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Sponsoring Broker:
Gerald G. Brisson, CBI, M&AMI, CMAP

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