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Businesses For Sale   >>   New Orleans Businesses For Sale   

Loan & Cash Advance Business For Sale

Location  New Orleans, Louisiana, United States
Asking Price Range  < $250K
Gross Revenues  $144592
Net Profit / Cash Flow  $68864
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  2013
Number of Employees  1 - 3
Inventory  19000
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Leased
Training  Available
Reason for Sale  Other business interests

Description  
This loan and cash advance business for sale on the east bank of Jefferson Parish in metro New Orleans, Louisiana. Although only being in business for more than a year, it has shown great potential and profitability. Located in a prime location by a major shopping center, this business did approximately $144K in gross revenue last year! This lead to approximately $68K in profit for an absentee owner! Business does cash advance loans, and has the possibility to add new computer software that will add title loans which will only increase revenue. The business also has a Western Union affiliation. As of March 14th, 2014 permits from the Office of Financial Institutions were inspected for the business and financials and passed with flying colors and no violations! Seller is highly motivated to sell to pursue other business interests. Seller has priced business to sell at only 2x cash flow! Seller will consider some owner financing with a reasonable down payment from a qualified buyer. This high traffic location and profitable absentee owner business wonnt last long! Come by and see this profitable loan and cash advance business for sale before its gone, meet the owner, see the great high traffic location, make offer!


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