Rare opportunity to acquire 9 location title loan and check advance business that holds 20 state licenses in total, consisting of "Deferred Presentment" licenses (check advances) and "Title Pledge" licenses (title loans). But more importantly, the company holds 9 "use and occupancy" permits to operate each location. Seller is informed that these permits are no longer being issued by Shelby County but will transfer to a new owner. Excellent reputation within the lending community for attention to customer service. Long-established business activity in the greater Memphis region since 1997 with a large and very loyal client base. Many customers return time and time again to secure new funding. All locations are turn-key with staff and equipment necessary to run the business "as-is" in order to minimize any disruption in sales. Ready for a new owner to step right in and Seller is committed to a smooth transition. Incredibly reasonable rent for all locations. Promotional and maintenance vehicles included as well. Contact us today for more detailed information.
- Asking Price:
- $1,350,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $2,281,135
- Cash Flow:
- $458,937
Property Information
- Location:
-
Memphis, TN
- Premises Details:
-
9 locations
Business Operation
- Expansion Potential:
-
With additional advertising and promotions, high potential to grow each location.
- Competition / Market:
-
Other regional similar businesses not as long-established and with as many locations.
- Reasons for selling:
-
Retirement
- Trading hours:
-
Mon-Fri 9:00-6:00; Sat 9:00-4:30
- Employees:
- 31
- Years established:
- 1997
Other Information
- Support & training:
-
2 weeks (negotiable)
- Furniture / Fixtures value:
- $175,985 - included in the asking price
- Inventory / Stock value:
- $7,000 - included in the asking price
