Part of..
Acquisitions, Brokerage
and Financial Services
brokerage in New York's
Adirondack Region devoted
exclusively to the sale and
purchase of businesses.
| Welcome to . . .
Part of.. |
|
. . . the only business brokerage in New York's Adirondack Region devoted exclusively to the sale and purchase of businesses. |
Brokerage, Financial & Consulting Services
     |
FINANCIAL SERVICES COMPANY
In leading commercial city of Vermont – on Lake Champlain
Asking Price: $ 160,000 plus Receivables EBITDO = $ 63,500+
THE BUSINESS: This financial services company specializes in brokering loans and leases to a number of specialized industries. It has a loyal network of dealers and customers that provide a high repeat revenue stream.
WHY BUY?
Excellent Reputation
Unique service provider
Located in very desirable area
Trained and loyal staff
Established dealer network
Profitable
18 Year history
FACILITIES: The business operates from a 624 square foot leasehold space consisting of two offices. The property is in a renovated mill building in a sought after community.
EMPLOYEES: The key person has over 10 years experience and he has developed his own customer following. The other employee is a part time administrative assistant. The owner, now deceased, only worked part time. The two employees are a huge asset of the business and wish to remain.
COMPETITION: While there are numerous competitors in the financial services sector, there are only two known competitors in New England that specialize in the same industries as this company.
CUSTOMERS: The business has developed a customer list of750, many of which are repeat customers. It has also developed a solid relationship with approximately 40 equipment dealers who rely on this company to provide financing.
FINANCIAL: The business has built sales to the $6 million level. The business has built sales to the $6 Million level. While it declined in 2007, there were two primary reasons (the untimely death of the owner and a general decline in the economy) for the decline.. The current cash flow provides a healthy income for the seller. Sales were have varied from $ 6,100,000 in 2006 to $ 4, 600,000 in 2007 and are estimated for 2008 at $ 4,100,000, with gross profit for 2007 at $180,000. EBITDO (Earnings before interest taxes, depreciation & owner draw) of $ 63,500 is anticipated for 2007.
SUMMARY PRICE AND TERMS: This niche financial services company provides a good opportunity for a new owner. It has a needed product, trained employees, a diverse mix of customers and a dealer network. Revenues are significant and will provide excellent returns on investment. This well established business is attractively priced at $160,000 plus receivables. CBI estimates an equity investment of$50,000 with the remainder funded through banks.
To view other featured business opportunities, click on a link below.
| Mfgr. Decorator of Ad Specialties, Souvenirs | Marina on Lake George | Gourmet Restaurant w Apt & 2 Stores | Nursery, Garden Center and Landscaping | Ray Brook Frog | Water Treatment & Environmental Services | Designer Jewelry Store | Community Icon Restaurant | Book Printer and Lithographer | Volume Mailing Service | Cabins, Motel and Rental Units | Motor Inn w Apartments & Home | Gaddy's Country Store | Silver Spruce B&B | Cheese Manufacturing Farm & Residence | 100+ acre Sherwood Forest Motor Inn | Financial Services Company | Franchised Snack Food |
Contact Us at the Address/Phone Number Below