Listing Id: 14589
Last Refreshed: 07/05/2019
Total Views: 1317
(Expired)Hard Money Lending Business
South KoreaFinancial Services
Asking Price: $50K - 100K
-
Premise Type
N/A
Premise Size
-
Monthly Rental
$2,800
Rental Desposit
$4,300
-
Revenue
$100K - 200K
Liability
N/A
-
Gross Profit
$50K - 100K
Net Profit
$50K - 100K
-
Stock
N/A
FFE
N/A
-
Payable
N/A
Receivable
N/A
-
Owner Role
Full Time
Staff
N/A
-
Established
2004
Source
Direct Seller
- Reason For Sale
- Description
- Business Operation
- Property Information
Reason For Sale
I am in the problem of funding. or I am looking for investor/partner
Description
This is Car title Loans and Payday Loans business. Established since 2012. Located in high density neighborhood and busy intersection (across from a Wal-Mart). Car Title Loan is a title loan (or pink slip loans). It is a quick and convenient way for people who own their car or motorcycle as collateral to get fast cash. We have lower rates than other competitors.
Usually the rates are over 100% APR and more.
Payday Loan is a short term cash advance up to 30 days.
Most payday loan customers pay back in 2 weeks until their next payday.
Payday loans' average interest rates are about 400% APR.
Personal Loan can be added. There are limited competition in the personal loan services. If you have sufficient investment, you can take big share of this loan industry.
And if you are a right person, there is tremendous growth opportunity in this Title loan and Personal loan business.
Asking $65,000 plus outstanding loans.
Fixture and equipment are included in the asking price.
Business Operation
to be arranged up to 30 days
Support and Training
Finance and banking
Background & Skills
Property Information
across from Wal-mart, busy intersection, corner location
Premises Details
Yes, it can relocate to other place
Relocatable