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Turnkey Licensed Payday Lender Business In Houston For Sale

Houston, Texas, Texas, US
Asking Price:
$99,999 Furniture / Fixtures included
Sales Revenue:
$370,150
Cash Flow:
Available on request

Motivated Seller! $99,999 asking price for June 30, 2022 close.

Turnkey licensed Credit Service Organization (CSO) and Credit Access Business (CAB) with both online and retail locations is available for sale. The business started operations in 2020 and offers strong branding, trained staff, procedure manuals, and all systems and agreements in place to offer payday loans and installment loans to the underbanked community.

The owner spent significant time and hundreds of thousands of dollars in creating the brand, obtaining the licenses, and ramping up the business. Covid-19 slowed the growth of the business since people were not working and the government was paying out stimulus money, which reduced the need for payday loans and installment loans. Now that things have returned back to normal, demand in the industry has returned. The owners are selling due to other obligations. This is a chance to pick up a turnkey business that has significant potential at a fraction of the cost of starting it up.

$200,0000 asking price with seller financing, available on a case-by-case basis.

Contact us now through the ad or by contacting the broker directly or calling to obtain the link for the electronic confidentiality agreement and buyer registration. Upon completion of these forms, we will send you detailed information about the business for sale.

Property Information

Real Estate:

Lease

Location:

Houston, Texas

Premises Details:

Retail locations are located near major highways and on highly trafficked roads. Locations were selected based on a multivariable analysis of the target market.

Business Operation

Expansion Potential:

There are many opportunities to grow the business including adding check cashing, adding locations, and investing in marketing.

Competition / Market:

Contact us to receive a Confidential Business Review report which will highlight the strengths and weaknesses of the business compared to the competition.

Reasons for selling:

Pursue other opportunities

Employees:
2
Years established:
2020

Other Information

Support & training:

The current owner is offering training and support during the transition period.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Available on a case-by-case basis, approved by the owner

Furniture / Fixtures value:
$40,000 - included in the asking price
Website:
Login or register to view link
Relocatable:
This business can be relocated.

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