Summary
- Asking price:
-
$3,500,000
- Sales revenue:
- $3,400,000
- Net profit:
- $790,000
- Years established:
- 21
- Employees:
- 25
Business description
This is a great business in or out of a recessionary market. The Company is a financial services firm specializing in commercial debt management. The Company provides debt restructuring and relief to corporations that are unable to meet all or a portion of their current financial obligations through a process involving third party negotiations. The Company relies on its experienced professionals, affiliate network of attorneys, and the Company’s 20 year track record in the industry to generate new debt contracts that are within their clients’ monthly cash flow. The Company has served thousands of clients in all regions of the US. The Company boasts a 95% success rate in helping companies manage their debt and continue operations without declaring bankruptcy.
Property information
- Lease terms:
- The company's Texas headquarters consists of 3,200 square feet of office space. The administrative personnel and negotiating team are based in this office. The Company’s network of outside sales associates operate independently and no additional office space is rented. According to management, the projections discussed herein, including the installation of the inside sales department, can be facilitated by the current infrastructure.
- Location:
- The company is located in a commercial office space in a major metropolitan city in Texas.
Other information
- Expansion potential:
- ?: Economically, this company represents a sound investment opportunity as a stand alone purchase, however, buyers that can bring substantial expertise in consultancy services such as credit counseling for mid-market companies, financial and operating advisors and other corporate turnaround services that would allow clients to get out of debt and continue operations more efficiently will be able to add substantial value to this attractive Company. Candidates with appropriate investments in capital assets and human resources could also expand company into new geographic territories especially in the West.
- Competition / Market:
- While there are certainly competitors in this space, this company has a unique model unlike most of their competititors. In addition, they have a 21 year history of superior service and name recognition.
- Support & training:
- Owner is willing to remain through a reasonable transition period. He would also consider remaining with the company under an employment contract.
- Reasons for selling:
- Owner is beginning to think about retirement and he would like to take some of his equity off the table. Ideally, he would like to be retained by new owners and assist in taking the company to the next level.
- Financing available:
- Contingent on the quality of the offer and the buyer's financial capabilities.