Listing Number: 6953-331242
Description
UNDER CONTRACT
This 26-year old company has factored over $779M since its inception, serving primarily small and medium enterprises (SMEs) in industrial services throughout Texas and surrounding states, most recently finding a niche in the trucking sector.
Its competitive advantage consists of being a LOCAL entity with long-term experience in working with SMEs, offering NON-RECOURSE factoring for A/R at competitive rates, employing ADVANCED TECHNOLOGY for user friendliness, providing TRANSPARENT FEES with NO MINIMUM REQUIREMENTS, and offering SAME-DAY FUNDING for existing clients.
Day-to-day business is run by a GM supported by a team of five efficient office staff, allowing the owner to function as company's President focused on investor relations, and thus not be critical to business continuity.
Reason for sale is retirement.
Listing Details
- Price: $ 1,200,000
- Down Payment: $1,200,000
- Sellers Discretionary Earnings: $ 595,418
- Total Sales: $ 1,411,519
- Location: Texas
- Inventory: $ 0
- FF&E: $ 0
- Employees: 6
- Year Established: 1996
- Reason for Selling: Retirement
- Category: Financial Related
