Title Loan Company in South Houston Area

Listing Number: 76931-612234

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.

Listing Details

  • Price: $220,000
  • Down Payment: $110,000
  • Sellers Discretionary Earnings: $77,477
  • Total Sales: $296,449
  • Location: Harris County, Texas

  • Inventory: $20,000
  • FF&E: $35,000
  • Employees: 3
  • Reason for Selling: Full time job
  • Category: Financial,Financial Related
Title Loan Company in South Houston Area

Business Listed By:

Bobbi Coffey