Online Payday Loan Business For Sale

Business description

On-line payday loan business for sale. Included in the sale is the web site, software, money on the street and all customers. Owner will also provide up to 100 hours of training. Benefit from an already running and successful on-line franchise. Projections available and actual numbers are available to serious investors. Benefit from not having the expense of an actual store front and have the entire country as potential customers, not just your immediate geographic area like a store front. Large potential as very lucrative “work from home” business. The business benefits greatly from extensive automation and even offers a remote call center model for total owner absence if desired. Imagine, having a remote customer service agent field all your calls and emails! The business is currently running well and will be passed on in perfect working order to whoever buys it. A recent franchise sold for $110,000 and the owner would start from scratch. Get this working franchise with over 500 customers for $180,000 and over $8k in current monthly revenue and over $25k in cash flow! Approximately $45k in receivables under 90 day's.

Franchise terms

Available upon request

Property information

Location:

The business can be run from home or from an office location. Multiple provinces can be served from anywhere in the world since this is an on-line company. Also much of the daily tasks are automated with the option of having a full time customer service agent fielding all your calls and emails daily making this a true online business.

Other information

Expansion potential:

There is limitless potential for expansion with this type of platform and business model. On-line 24 hour access and extensive automation make this business very expandable and easy to operate for one or two people. Increases in advertising yield a very high application and approval rates. There is also the potential to branch into other lending industries such as second mortgage, bridge financing or small credit lines.

Competition / Market:

Like all businesses there is competition but the amount of borrowers in the country far exceeds the amount of lenders. Especially with the on-line platform. This business would be a great add on to someone with an existing payday loan store who wants to diversify their business or any investor looking to increase their portfolio.

Support & training:

The seller will provide up to 100 hour of training to the purchaser whithin geographical limits. The franchise office will also provide training and ongoing daily support.

Reasons for selling:

The seller has other businesses that are expanding and needs to sell this business in order to focus attention and resources.

Trading hours:

9-5

Financing available:

To the right buyer and for the right deal terms

Inventory / Stock value:

$60,000

Website:

www.sparecash.ca

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